WHAT IS ACTIVE TAXPAYER LIST (ATL)? The Active Taxpayer List (ATL) is a centralize record / data of online Income…
-
Tax rates on motor vehicles during tax year 2022 The rates of income tax on motor vehicles for tax year…
-
Amendments in Finance Act 2021 regarding Salary Income “Provisions of clause (c) of sub-section (2) of section 12 were prone…
-
As per Finance Act 2021 presented by Government of Pakistan, following salary tax slabs of salaried persons and salary income…
-
The Federal Board of Revenue (FBR) will enforce new amendment to Section 122 of the Income Tax Ordinance, 2001 for…
-
The Income Tax (Second Amendment) Ordinance, 2021 promulgated in March 2021 was proposed to be made part of the Bill…
-
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Important tax exemptions and tax credits withdrawn in Finance Act 2021 are given below: Tax credit for person employing fresh…
-
Income Tax Ordinance, 2001 provides for tax exemptions, tax credits, reduced tax rates, and reduction in tax liability. These tax…
