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FBR issued no of tax returns submitted up to year end 2020
According to a statement issued by Federal Board of Revenue (FBR) they have received 2.3 million income tax returns for… Read More
FBR issues procedure for cash back refunds of sales tax to customers of Tier-1 retailers
Federal Board of Revenue (FBR) issued procedure for cash back of sales tax amount @5% (five percent) to customers. Paid… Read More
FBR extended income tax return filing date up to December 24
Federal Board of Revenue (FBR) has extended income tax return filing date up to December 24. Extension has been allowed… Read More
FBR clarification: good news for overseas Pakistanis for taking exemption from tax on profit on bank deposits
Income Tax Circular Issued by FBR Federal Board of Revenue (FBR) made it mandatory for overseas Pakistanis to seek income… Read More
Covid-19 & No extension in date of tax return filing: statutory time already lapsed: FBR
The Federal Board of Revenue (FBR) on Friday said it has given taxpayers legal time to file income tax returns… Read More
Karachi Tax Bar Association (KTBA) rejected using mobile phone SMS as a legal way to serve tax notices
On Tuesday, the Karachi Tax Bar Association (KTBA) rejected using mobile phone SMS as a legal way to serve notices.… Read More
Karachi Tax Bar identified errors in Tax Year 2020 return
Karachi Tax Bar Association (KTBA) identified calculation errors in the online return Federal Board of Revenue (FBR) for the tax… Read More
Weboc Registration process, Import & Export process in Pakistan, Benefits of Weboc Registration, Documents required for Weboc registration
Weboc Registration process, Import & Export process in Pakistan, Benefits of Weboc Registration, Documents required for Weboc registration. What is… Read More
Income Tax Rules amended: Issuance of tax notices via Phone SMS
Phone SMS included as mode of service for tax notices. The FBR issued SRO 1250(I)/2020 on Monday to issue draft… Read More
Penalty for non-filing income tax returns, wealth statement, foreign assets/income statement & active status
Penalty for non-filing income tax returns, wealth statement, foreign assets/income statement & active status. Section 182(1) Offences and penalties -… Read More