The bill has proposed to introduce the definition of beneficial owner in budget for the financial year 2022-2023. Every company…
About Lesco Bill Advance Income Tax Certificate Under Section 235 ? According to Section 235 of The Income Tax Ordinance, 2001: (1) There shall…
After massive hike in petrol prices twice in a week, and increase in electricity prices, now Oil and Gas Regulatory…
The Federal Board of Revenue (FBR) has started budget preparation exercise for 2022-2023. In this regard, the FBR has issued…
NA approves State Bank of Pakistan (Amendment) Bill 2021 and supplementary finance bill with some amendments proposed by govt, PTI…
Federal Minister for Finance and Revenue, Shaukat Tarin, has ruled out the speculations, being expressed by many, that the supplementary…
The government of Pakistan completed the mini-budget to the tune of Rs 360 billion that would smack 17% General Sales…
Finance Act, 2013 shifted the property income (Property rental income) from fixed tax regime to normal tax regime for Individuals,…
Omission of withholding tax provisions There were 38 withholding tax provisions in the Income Tax Ordinance, 2001. This high number…
Important tax exemptions and tax credits withdrawn in Finance Act 2021 are given below: Tax credit for person employing fresh…
