Update Business Bank Accounts to avoid Penalty after due date
In order to promote documentation and to streamline action, the concept of business bank account has…
FBR Explains Changes in Minimum Turnover Tax
The minimum turnover tax of 0.75 percent would be applicable on the oil marketing companies, Sui…
Taxes on Salaries and Pensions: FBR Issues Clarification
Federal Board of Revenue (FBR) issued a clarification on a news published in the daily Express…
Proposed Federal Development Budget
The federal development budget for the next financial year has been allocated Rs 900 billion, the…
Proposals for development budget of Punjab for next financial year
Preliminary proposals have been prepared for the development budget of Punjab for the next financial…
Bad News for Salaried & Retired Employees in Upcoming Budget
The government has accepted to the condition put by the International Monetary Fund (IMF) to charge…
FTO ordered an investigation against officials of CTO Lahore against recovery of tax without notice
The Federal Tax Ombudsman (FTO) has passed an order against the corporate tax office, Lahore (CTO)…
Real Estate Sector Demands Extension In Construction Package & Amnesty Scheme
The real estate sector has demanded in the next budget that the construction package of the Prime…
Rich countries Under Criticism Over G7 Tax Deal
Anti-poverty activists on Monday criticized the agreement reached by seven rich countries (G7) to…
Income Tax Returns Filing for Tax Year 2020 Reaches 2.93m
The income tax returns for tax year 2020 have reached to a new peak of 2.93 million against 2.63…
