Last date to file income tax returns and extended timings of FBR and Banks
October 15, 2021
Admin
Notification of FBR for Collection of Duty & Taxes on 15th October, 2021, C.No. 1(137) STM/2017/16485/R “I am directed to refer to the subject and to state that all LT0s/MT0/CTOs/RTOs shall remain open and observe…
Admin
Federal Board of Revenue has issued a clarification on a news story titled “FBR issues thousands of suspicious exemption certificates” appearing in a magazine with the name “Profit” in its edition of 10th August, 2021. The…
Admin
FBR directs Tier-1 Retailers to integrate with revenue authority till August 15. The Federal Board of Revenue (FBR) has advised Tier-1 Retailers to integrate their invoicing systems with the tax Realtime invoicing system of Federal…
Admin
Tax on Agricultural Income in Punjab Agricultural income is an exempt income from tax under section 41 of the Income Tax Ordinance, 2001. Such exemption from tax under ITO 2001 ( section 41 & section…
Admin
The Federal Board of Revenue (FBR) has opposed the proposal to restore the zero-rating system in the textile sector or introduce lower sales tax rates in five export sectors. According to media reports, exporters have…
Admin
According to the Ministry of information and communication technology (ICT) exports of IT and telecommunication during July-December of the fiscal year 2020-21 increased by 40% to US 958 million. This growth attributed to the increase…
Admin
Mohsin Rafique of Collector Customs Appraisement Lahore informed in a seminar held at APTMA, Lahore that from January 20, 2021, all duties and taxes of more than one million will be paid through e-payment system…
Admin
The Federal Board of Revenue (FBR) has extended scope “IT Services” and “IT Enabled Services” to collect 16% sales tax from service providers under the jurisdiction of the Islamabad Capital Territory (ICT). The FBR issued…
Admin
Income tax return filing reached at it’s peak of 3.03 million for tax year 2019, according to weekly Active Taxpayers List (ATL) updated on Monday. The FBR issued the weekly ATL – 2019 updated on…
Admin
Payment of customs duty and taxes of more than Rs 1 million will also be accepted through e-payment after January 20. To this end, a joint meeting has been convened by the State Bank of…
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