Penalty for Non Filing of Annual Income Tax Returns 2021
A penalty of Rs1,000 each day of default has been implemented from Saturday after the expiry of…
Petrol Prices hits record level of Rs137 per litre
The government on Saturday increased the price of petrol by Rs10.49 per litre taking it to a record…
Photo shopped fake version of FBR Website
The Federal Board of Revenue (FBR) on Saturday clarified that no extension will be given for the…
Deadline extended for prize bond encashment of Rs15000, Rs25000, and Rs40000
The State Bank of Pakistan (SBP) announced on Thursday an extension in the deadline for encashment…
Updated Penalty Provisions on failure to file the return within the due date 2021
The Federal Board of Revenue (FBR) has clarified that a person who fails to file the return within…
Tax Terms Glossary | Tax Terminology | Tax Legal Definitions
The online tax glossary is here to help you understand terms which may be unfamiliar, and to get tax…
FBR grants relaxation in filing of declarations under Assets Declaration Ordinance-2019
The Federal Board of Revenue (FBR) has decided to grant one-time opportunity to the taxpayers who…
Prize Bonds last date to encash for denominations of 15000 40000 and 25000
Prize Bond last date to encash for denominations of 15000 40000 and 25000The last date to…
FBR withdraws all appeals in exemption on foreign remittances
Federal Board of Revenue (FBR) has withdrawn all the appeals pertaining to income tax exemption on…
FBR amends Section 122 of IT Ordinance regarding time limit for proceedings
The Federal Board of Revenue (FBR) will enforce new amendment to Section 122 of the Income Tax…
