Procedure to get extension in Date for filing annual Income Tax Returns
In case a person unable to file annual Income Tax return and wealth statement by due date he has…
FBR's Updates regarding extension in date of filing Income Tax Returns 2021
The Federal Board of Revenue has re-iterated its position that there shall not be any extension in…
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…
If Bank fails, depositor will get Rupees 500,000
The Deposit Protection Corporation has increased the guarantee amount for all the eligible…
Current figures of tax filings for tax year 2021
Federal Board of Revenue (FBR) has currently received just one million income tax returns with only…
FBR rejected claims of Currency smuggling from Pakistan
The Federal Board of Revenue (FBR) has categorically rejected that dollars are being smuggled from…
State Bank of Pakistan tightened the rules and regulations of auto financing
The State Bank of Pakistan has tightened the rules and regulations of auto financing for consumers…
Tax Incentives granted under tax laws third amendment ordinance 2021
Within third month of passage of Finance Act, 2021, the Government felt the need of introducing…
Computational Errors in FBR Iris Portal identified by KTBA
Karachi Tax Bar Association (KTBA) has expressed dissatisfaction over the classification of income…
New Penalty Provisions relating to non-integrated Tier-1 Retailers
The FBR has been empowered to require any person or classes of person to integrate their invoice…
