Manually or electronically: President says taxpayers to get equal treatment ISLAMABAD: President of Pakistan has ruled that the filers of income tax returns manually would now be able to enjoy... Updated 18 Mar, 2024 09:54am
Print Number of active taxpayers reaches 5.3m mark ISLAMABAD: The number of active taxpayers (ATL) has reached 5.3 million as on December 26, 2023. It is learnt that... Updated 27 Dec, 2023 09:53am
Business & Finance ‘Nil’ filing of tax returns: FTO asks FBR to conduct detailed audit of a medical college ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to conduct a detailed audit... Published 27 Dec, 2023 05:15am
Print Income tax returns: FBR warns non-filers of account freeze Starts a countrywide survey of business and commercial units for registration of non-filers Updated 25 Dec, 2023 05:56pm
Opinion Non-disclosures & underperformance Ever year Federal Board of Revenue (FBR) as Revenue Division of Ministry of Finance (MoF), issues data relating to... Published 22 Dec, 2023 05:22am
Print Nod from IR Commissioner not needed: Tax returns can be revised within 60 days: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the FBR system is allowing taxpayers to revise... Updated 08 Nov, 2023 10:04am
Print Shamshad urged to extend tax returns filing deadline ISLAMABAD: Tax practitioners, tax advisers, chartered accountants and tax experts have requested caretaker Finance... Updated 02 Nov, 2023 10:01am
Business & Finance FBR receives over 2.9m income tax returns ISLAMABAD: The Federal Board of Revenue (FBR) has received over 2.9 million income tax returns for the tax year 2023... Published 01 Nov, 2023 05:57am
Business & Finance Filing tax returns: PTBA demands extending deadline LAHORE: The Pakistan Tax Bar Association (PTBA) has urged the Chairman Federal Board of Revenue (FBR) to extend the... Published 31 Oct, 2023 05:26am
Business & Finance Number of tax return filers crosses 2.215m mark ISLAMABAD: The number of income tax return filers has crossed 2.215 million for the tax year 2023 up to October 15,... Published 17 Oct, 2023 05:51am
Business & Finance FTO directs FBR to place names of all manual filers on latest ATL ISLAMABAD: Taking a big step to facilitate general public, Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has... Published 14 Oct, 2023 05:32am
Business & Finance FBR confirms tax return filing deadline extended by 1 month The Federal Board of Revenue (FBR) on Saturday said the date of date of filing income tax returns for Tax Year 2023... Published 30 Sep, 2023 11:54pm
Business & Finance FBR should provide 90 days for submission of tax returns: PTBA LAHORE: The Pakistan Tax Bar Association (PTBA) has demanded that the chairman of the Federal Board of Revenue ... Published 29 Sep, 2023 06:24am
Business & Finance FBR urges citizens to file income tax return by September 30, 2023 KARACHI: As the fiscal year comes to a close, the Federal Board of Revenue (FBR) urged taxpayers across Pakistan to... Updated 26 Sep, 2023 12:21pm
Print Manual filers declared as active taxpayers by FBR ISLAMABAD: Following intervention of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue (FBR) has... Updated 20 Sep, 2023 09:42am
Business & Finance FBR admits abolished ‘circle-based system’ much better than reformed‘functional-based system’ ISLAMABAD: The Federal Board of Revenue (FBR) has admitted that the abolished “Circle-based system” was much... Published 16 Sep, 2023 03:03am
Print Fake/flying invoices: Taxmen told to conduct probe into cases of big cos ISLAMABAD: The Federal Board of Revenue (FBR) has directed the tax officials to investigate cases of commercial... Updated 09 Sep, 2023 09:01am
Business & Finance Glitches in IRIS 2.0: Timely filing of returns to be near impossible KARACHI: The launch of FBR’s IRIS 2.0, has been plagued with so many problems that tax experts fear that timely... Published 03 Sep, 2023 02:59am
Print Filers/non-filers: Sec 7E won’t apply to cases falling within LHC jurisdiction ISLAMABAD: The Federal Board of Revenue (FBR) has implemented the judgment of the Lahore High Court (LHC) on Section... Updated 16 Aug, 2023 08:48am
Print Filing of wealth statement: RRMC urges MoF to abolish requirement ISLAMABAD: The Reforms and Revenue Mobilization Commission (RRMC) has recommended the Ministry of Finance to abolish... Updated 31 May, 2023 09:01am
Print 155,027 women filers appearing on ‘Active Taxpayers List’: FBR ISLAMABAD: A total of 155,027 women engaged in businesses/women entrepreneurs in Pakistan are filers of income tax... Updated 12 Apr, 2023 08:44am
Print Non-filers: Govt considering imposing WHT on banking transactions ISLAMABAD: The government is considering to impose withholding tax on banking transactions of non-filers of income... Updated 24 Jan, 2023 09:01am
Business & Finance Nearly 3m IT returns received upto 15th ISLAMABAD: The Federal Board of Revenue (FBR) has received nearly 3 million income tax returns (upto December 15) ... Published 23 Dec, 2022 05:54am
Print Failure to deposit CVT on foreign assets: Taxpayers/resident individuals liable to pay 12pc per default surcharge ISLAMABAD: The taxpayers/resident individuals who failed to deposit Capital Value Tax (CVT) on their foreign assets... Updated 20 Dec, 2022 09:37am
Opinion Legal fiction, Section 7E & Constitution The Elahi Cotton case (it is the most misunderstood and misapplied judgement) makes absolutely clear that any item ... Published 02 Dec, 2022 05:47am
Print Deemed income on capital assets: Taxpayers required to file new form separately ISLAMABAD: All taxpayers who have furnished their annual Income Tax Returns and wealth statements before the... Updated 02 Dec, 2022 09:49am
Business & Finance IT return filing date extended to 15th ISLAMABAD: The Federal Board of Revenue (FBR) has further extended the date for filing of income tax returns (tax... Published 01 Dec, 2022 05:47am
Business & Finance Rs537bn target for Nov also achieved: FBR surpasses five-month tax target of Rs2.680trn ISLAMABAD: The Federal Board of Revenue (FBR) has exceeded both targets of Rs2,680 billion set for July-November... Updated 01 Dec, 2022 11:36am
Business & Finance Officers who access IT returns can be identified easily: FBR can check all its past logs ISLAMABAD: The Federal Board of Revenue (FBR) is equipped with a system to check past logs for identifying all tax... Published 22 Nov, 2022 03:23am
Business & Finance RTO Lahore receives 477,000 IT returns worth Rs4bn LAHORE: The Regional Tax Office (RTO) Lahore has received 477,000 income tax returns till date with revenue worth ... Published 18 Nov, 2022 05:53am