Senate Panel criticized FBR for sending tax notices
Senate Standing Committee on Finance on Monday criticized the Federal Board of Revenue’s (FBR)…
Govt decides to withdraw arrestment powers on concealment of Income
The government has finally taken the decision to remove all income tax provisions from the Finance…
Government Seeks to Impose tax on Suspicious Gifts transactions among Relatives
The standing committee informed and proposed that an amendment is under way to streamline legality…
Banks Allowed to charge fees for Inter Bank digital transfers
The State Bank of Pakistan has allowed banks to charge fees for digital transfers of more than Rs…
Political parties exempted in Budget from filing income tax returns and paying taxes
The government proposed to exempt all registered political parties of Pakistan from the obligation…
FBR Officers Authorized to Arrest Anyone on Concealment of Income
The Inland Revenue officers of the Federal Board of Revenue (FBR) have been given unlimited powers…
Taxes on Salaries and Pensions: FBR Issues Clarification
Federal Board of Revenue (FBR) issued a clarification on a news published in the daily Express…
Auto Sector wins Tax Relief in Budget 2021-2022
The financial year 2021-2022 budget represented by the government on Friday, where several upcoming…
Highlights, New Taxes, Relief and Incentive Measures in Budget 2021-2022
The government presented the next fiscal year’s (2021-2022) budget with a total volume of over Rs.
National Assembly Issued Orders of the Day for Budget Date & Time
The federal government has decided to present the next budget for Financial Year 2021-2022 on June…
