UPDATESJanuary 2, 2021FBR issued no of tax returns submitted up to year end 2020 By Admin According to a statement issued by Federal Board of Revenue (FBR) they have received 2.3 million…Read more
TAXATIONDecember 17, 2020FBR issues procedure for cash back refunds of sales tax to customers of Tier-1 retailers By Admin Federal Board of Revenue (FBR) issued procedure for cash back of sales tax amount @5% (five percent)…Read more
TAXATIONDecember 14, 2020FBR extended income tax return filing date up to December 24 By Admin Federal Board of Revenue (FBR) has extended income tax return filing date up to December 24.Read more
TAXATIONDecember 10, 2020FBR clarification: good news for overseas Pakistanis for taking exemption from tax on profit on bank deposits By Admin Income Tax Circular Issued by FBRFederal Board of Revenue (FBR) made it mandatory for overseas…Read more
UPDATESDecember 5, 2020Covid-19 & No extension in date of tax return filing: statutory time already lapsed: FBR By Admin The Federal Board of Revenue (FBR) on Friday said it has given taxpayers legal time to file income…Read more
UPDATESDecember 1, 2020Karachi Tax Bar Association (KTBA) rejected using mobile phone SMS as a legal way to serve tax notices By Admin On Tuesday, the Karachi Tax Bar Association (KTBA) rejected using mobile phone SMS as a legal way to…Read more
UPDATESNovember 29, 2020Karachi Tax Bar identified errors in Tax Year 2020 return By Admin Karachi Tax Bar Association (KTBA) identified calculation errors in the online return Federal Board…Read more
TAXATIONNovember 28, 2020Weboc Registration process, Import & Export process in Pakistan, Benefits of Weboc Registration, Documents required for Weboc registration By Admin Weboc Registration process, Import & Export process in Pakistan, Benefits of Weboc Registration…Read more
TAXATIONNovember 24, 2020Income Tax Rules amended: Issuance of tax notices via Phone SMS By Admin Phone SMS included as mode of service for tax notices.The FBR issued SRO 1250(I)/2020 on Monday…Read more
TAXATIONNovember 22, 2020Penalty for non-filing income tax returns, wealth statement, foreign assets/income statement & active status By Admin Penalty for non-filing income tax returns, wealth statement, foreign assets/income statement &…Read more