Super tax: SC to resume hearing on Tuesday ISLAMABAD: The Supreme Court will resume hearing the case regarding super tax on high earning persons imposed vide... Published 21 Apr, 2024 04:10am
Opinion Deemed income tax on ownership of vacant plot incorrect–I The Finance Act, 2022 introduced a novel tax under Section (7E) of the Income Tax Ordinance, 2001. This is deemed... Updated 13 Apr, 2024 04:11am
Print FBR finalises draft Tax Law (First Amendment) Ord ISLAMABAD: The Tax Law (First Amendment) Ordinance 2024 has proposed that the appeals filed before the Appellate... Updated 08 Apr, 2024 08:38am
Print Cases falling under LHC jurisdiction: Section 7E of tax law will now be applicable ISLAMABAD: The Federal Board of Revenue (FBR) Wednesday directed field formations of Punjab that the section 7E (tax... Updated 29 Feb, 2024 08:51am
Business & Finance ‘Misuse’ of Sec 122(5A) of IT Ord: PTBA urges FBR to stop field forces from issuing notices ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has asked the Federal Board of Revenue (FBR) chairman to stop... Published 30 Jan, 2024 04:52am
Print ‘Deemed income’ on immovable properties: SC asks HCs to decide the matter expeditiously ISLAMABAD: The Supreme Court (SC) has directed the High Courts to expeditiously decide the matter of tax on “deemed... Updated 24 Jan, 2024 10:00am
Print Section 214C of ITO 2001: Whole income tax audit selection process not ultra vires to law: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has declared that the whole income tax audit selection process under... Updated 22 Jan, 2024 10:02am
Print Failure to integrate with ‘RADAR’: FBR being empowered to penalise govt entities ISLAMABAD: The Federal Board of Revenue (FBR) is being legally empowered to impose penalties and prosecute... Updated 02 Jan, 2024 08:53am
Print High court suspends 40pc additional tax on windfall income of banks ISLAMABAD: After Islamabad and Lahore High Courts, the Sindh High Court (SHC) has also suspended the SRO... Updated 26 Dec, 2023 09:56am
Print ATIR’s orders: FTO explains what actually constitutes maladministration ISLAMABAD: The Federal Tax Ombudsman (FTO) has ruled that the delay in giving appeal effect to the order which is in... Updated 22 Dec, 2023 09:03am
Print Tax on deemed income basis: BHC asks why FBR has different policies for Punjab and Balochistan ISLAMABAD: Balochistan High Court (BHC) has directed the Federal Board of Revenue (FBR) to explain why Section 7E... Updated 20 Dec, 2023 09:47am
Print Case of getting inadmissible tax refunds: ATIR turns down rectification plea filed by Chinese firm ISLAMABAD: The Full Bench of the Appellate Tribunal Inland Revenue (ATIR) has imposed costs and dismissed... Updated 18 Dec, 2023 09:14am
Print FBR sets up body to resolve issue of pending refunds ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a committee for the resolution of pending income tax... Updated 14 Dec, 2023 09:55am
Print LHC, too, suspends SRO about tax on banks’ windfall income ISLAMABAD: The Lahore High Court (LHC) has also suspended the SRO 1588(I)/2023 of the Federal Board of Revenue (FBR)... Updated 01 Dec, 2023 09:50am
Pakistan Mosque: FTO says charging IT by KE thru power bill illegal ISLAMABAD: Federal Tax Ombudsman (FTO) has ruled that charging of income tax by M/s K-Electric, Karachi through... Published 23 Nov, 2023 03:19am
Print Attachment of bank account: LHC takes notice of ‘illegal’ recovery by FBR ISLAMABAD: The Lahore High Court (LHC) has taken notice of illegal recovery by the Federal Board of Revenue (FBR)... Updated 12 Nov, 2023 09:10am
Print Sections 111, 122 of Income Tax Ordinance: FBR cannot issue combined notice to taxpayer: IHC ISLAMABAD: Islamabad High Court (IHC) has ruled that the Federal Board of Revenue (FBR) cannot issue a combined... Updated 04 Nov, 2023 09:23am
Print Recovery of CVT under Finance Act 2022: Taxmen’s orders are without jurisdiction: former FBR chief ISLAMABAD: All the orders passed by the taxation officers/Inland Revenue officers for the recovery of Capital Value... Updated 24 Oct, 2023 09:38am
Print Taxpayers’ queries: FTO concerned at FBR Member’s lack of response ISLAMABAD: Federal Tax Ombudsman (FTO) has regretted that the Federal Board of Revenue (FBR) Member Legal has wasted... Updated 17 Oct, 2023 08:29am
Pakistan Orders that may affect taxpayers: SC asks FBR to gazette, display on website ISLAMABAD: The Supreme Court (SC) has ordered the Federal Board of Revenue (FBR) to gazette all notifications,... Updated 05 Oct, 2023 09:39am
Print Zero Percent Tax Amnesty Scheme: FBR finally releases data of beneficiaries ISLAMABAD: The Pakistan Information Commission’s (PIC) landmark order has been implemented by the Federal Board of... Updated 25 Sep, 2023 09:16am
Print Law of precedent: Lower fora bound to follow decision of higher appellate, admits FBR ISLAMABAD: Member Legal (Inland Revenue) Federal Board of Revenue (FBR) admitted before Federal Tax Ombudsman (FTO)... Updated 18 Sep, 2023 08:56am
Pakistan Double taxation pact with The Netherlands: SC turns down SHC’s judgement on applicability of Article 7 or Article 12 ISLAMABAD: The Supreme Court turned down the Sindh High Court’s judgment regarding the applicability of Article 7... Updated 12 Sep, 2023 07:10am
Print PTBA asks FBR to take notice of sudden change in IRIS module LAHORE: Pakistan Tax Bar Association (PTBA) leadership has urged Chairman Federal Board of Revenue (FBR) to look... Updated 04 Sep, 2023 09:37am
Print FBR launches automated system (portal) for taxpayers ISLAMABAD: The Federal Board of Revenue (FBR), Friday, launched an automated system (portal) for taxpayers to obtain... Updated 02 Sep, 2023 09:16am
Print 2022-23: Rs160bn ST collected from power sector ISLAMABAD: Total sales tax collection (domestic) from the power sector including electricity bills stood over Rs160... Updated 29 Aug, 2023 09:12am
Print FTO probe results in Rs2bn demand against NHA ISLAMABAD: The investigation completed by Dr Asif Mahmood Jah Federal Tax Ombudsman (FTO) has resulted in huge tax... Updated 28 Aug, 2023 09:48am
Print Non-recovery of tax demands from China-based co: FTO summons FBR officials to explain reasons ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned member operations, Federal Board of Revenue (FBR), chief... Updated 24 Aug, 2023 08:59am
Business & Finance FPCCI says 7E of ITO 2001 has proved ineffective KARACHI: Muhammad Suleman Chawla, Acting President Federation of Pakistan Chambers of Commerce and Industry (FPCCI),... Published 23 Aug, 2023 05:50am
Print Tax amnesty scheme beneficiaries: PIC summons FBR chief for not providing information ISLAMABAD: The Pakistan Information Commission (PIC) has summoned the Federal Board of Revenue (FBR) chairman for... Updated 23 Aug, 2023 08:44am
