Covid-19 & No extension in date of tax return filing: statutory time already lapsed: FBR

Covid-19 & No extension in date of tax return filing: statutory time already lapsed: FBR

The Federal Board of Revenue (FBR) on Friday said it has given taxpayers legal time to file income tax returns for the 2020 tax year. Therefore, the date will not be extended further after December…

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FBR notified information regarding last date of income tax return for tax year 2020

FBR notified information regarding last date of income tax return for tax year 2020

Federal Board of Revenue (FBR) has notified today that for application of the last date of income tax returns to be 8th December 2020, it is necessary that all applications for extension in time for…

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Cyber security advisory issued by PRAL for FBR employees working from home

Cyber security advisory issued by PRAL for FBR employees working from home

Pakistan Revenue Automation (Pvt) Limited (PRAL) issued a cyber security advisory to Federal Board of Revenue (FBR) officials, who are working from home in the wake of the Corona virus outbreak. PRAL said that turning…

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FBR’s recommended list of vendors for the provision of Point of Sales (POS) software to retailers

FBR’s recommended list of vendors for the provision of Point of Sales (POS) software to retailers

The Federal Board of Revenue (FBR) recommended list of vendors for the provision of Point of Sales (POS) integration software to retailers. POS system is a cloud based system. Needs a computer, an internet connection…

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FBR disposed off cases without audit: Notices Issued

FBR disposed off cases without audit: Notices Issued

FBR disposed off cases without audit and in response to this FBR has recently issued tax Notices to the taxpayers for closure of audits. 310,000 tax audit cases After failing to properly deal with 310,000…

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Karachi Tax Bar identified errors in Tax Year 2020 return

Karachi Tax Bar identified errors in Tax Year 2020 return

Karachi Tax Bar Association (KTBA) identified calculation errors in the online return Federal Board of Revenue (FBR) for the tax year 2020. Letter to Member IR Operations by Karachi Tax Bar Association Karachi Tax Bar…

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Good news for salaried taxpayers: salary tax adjustments through employer

Good news for salaried taxpayers: salary tax adjustments through employer

There is a good news for salaried taxpayers whose salary is taxable. Tax deductions on salary adjustments through employer. Salaried class employees, should get tax adjustment on there salary from their employers under the Income…

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FBR once again reminded to file income tax returns by the deadline

FBR once again reminded to file income tax returns by the deadline

The Federal Board of Revenue (FBR) reminded again to submit income tax returns by the December 8, 2020 deadline. Otherwise it will not be further extended. Which Persons required to submit tax returns ? The…

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FBR launched Maloomat TaxRayApp: Signed MoU with NADRA: Acquired all data of filers & non-filers

FBR launched Maloomat TaxRayApp: Signed MoU with NADRA: Acquired all data of filers & non-filers

FBR claimed that it has acquired all information related to incomes, expenses and assets of filers & non-filers. FBR has acquired all authentic information of all filers and non-filers, which include: 1 million filers 1…

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MoU Signed: CAP assured FBR to integrate all retailers tills/PoS by November 30, 2020

MoU Signed: CAP assured FBR to integrate all retailers tills/PoS by November 30, 2020

CAP assured FBR to integrate all retailers tills/PoS by November 30, 2020. MoU Signed between FBR & CAP MoU signed between Federal Board of Revenue and the Representatives of the ChainStores Association of Pakistan (CAP).…

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