KE seeks amendments to tax laws ISLAMABAD: K-Electric (KE) has sought amendments in tax laws including income tax, minimum turnover, payment of... Updated 30 May, 2023 09:22am
Print Builders, developers: Govt may extend tax incentives ISLAMABAD: The government is likely to give tax incentives to builders and developers in the budget (2023-24) to... Updated 30 May, 2023 09:25am
Business & Finance SME sector: SMEDA, CCP join hands to create conducive policy environment LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) and Competition Commission of Pakistan (CCP)... Published 30 May, 2023 03:37am
Print Income tax: Govt likely to introduce e-assessment scheme ISLAMABAD: The government is likely to introduce an electronic-assessment scheme in the budget (2023-24) to conduct... Updated 28 May, 2023 09:58am
Business & Finance ‘No official can override tax exemption by changing opinion’ LAHORE: “No tax official can override tax exemption by changing his opinion under the garb of rectification of... Published 21 May, 2023 04:00am
Print Original utility connection holders: Energy firms asked to collect tax data on CNIC basis ISLAMABAD: The Reforms and Resource Mobilisation Commission (RRMC) has recommended electricity/gas companies to... Updated 14 May, 2023 10:11am
Print Govt rejects tax on firms’ reserves proposal ISLAMABAD: The government has rejected a proposal of the Reforms and Resource Mobilization Commission (RRMC) to... Updated 09 May, 2023 12:45pm
Business & Finance Stock-in-trade: tax officials attract accusation LAHORE: Income tax officers are accused of calculating stock-in-trade of sales tax returns in the income tax returns... Published 03 May, 2023 06:35am
Print RRMC recommendation: Section 7E of IT Ord should be equally applicable to non-filers ISLAMABAD: The Reforms and Resource Mobilization Commission Saturday recommended the government to bring clarity in... Updated 01 May, 2023 08:59am
Print FBR suffers shortfall of over Rs100bn in April ISLAMABAD: The Federal Board of Revenue (FBR) has suffered a massive shortfall of over Rs 100 billion during the... Updated 29 Apr, 2023 11:48am
Business & Finance Tax officials accused of ignoring rules while charging WWF out of audit proceedings LAHORE: The tax authorities are accused of ignoring the condition of passing a written order while dealing with... Published 28 Apr, 2023 06:08am
Pakistan AGP detects Rs158.7m malfeasance in ASF Foundation accounts KARACHI: The Auditor General of Pakistan (AGP) has detected serious financial irregularities of Rs158.7 million in... Published 27 Apr, 2023 06:24am
Business & Finance Appellate Tribunal Inland Revenue: KTBA concerned over non-appointment of chairman KARACHI: The Karachi Tax Bar Association (KTBA) has expressed concerns over the non-appointment of a new chairman ... Published 13 Apr, 2023 06:37am
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 ST through power bills: Only 0.133m retailers file tax returns ISLAMABAD: Only 0.133 million retailers filed their income tax returns out of 2.3 million retailers who paid sales... Updated 11 Apr, 2023 10:07am
Print Tax payments made by PEPs: PIC summons secretary FBR for not providing info ISLAMABAD: The Pakistan Information Commission (PIC) has summoned the Secretary Federal Board of Revenue (FBR) for... Updated 10 Apr, 2023 08:29am
Print Immovable property: Treating market value as income is beyond competence of FL: LHC ISLAMABAD: The Lahore High Court (LHC) ordered to treat the market value of immovable property as income under Entry... Updated 08 Apr, 2023 01:48pm
Print Levying IT on deemed rental income ‘illegal’: LHC LAHORE: The Lahore High Court declared levying income tax on ‘deemed rental income’ of properties as illegal.... Updated 07 Apr, 2023 08:49am
Business & Finance Public complaints, taxpayers’ cases: FTO concerned at FBR’s attitude ISLAMABAD: Federal Tax Ombudsman (FTO) has expressed grave concern over the cold blooded attitude of the Federal... Published 29 Mar, 2023 06:27am
Business & Finance Tax officers accused of imposing penalties against agri income LAHORE: The Income Tax department has been found imposing penalties and default surcharges for late payment of... Published 26 Mar, 2023 03:19am
Print SC says 50pc of deemed IT to be paid till adjudication of pending appeal ISLAMABAD: The Supreme Court granted interim order that only 50 per cent of the deemed income tax be paid at the... Updated 23 Mar, 2023 09:30am
Print Submission of record: FBR issues names/categories of NPOs’ beneficial owners ISLAMABAD: The Federal Board of Revenue (FBR) has issued names/ categories of the beneficial owners of the... Updated 13 Mar, 2023 09:01am
Print Revenue from corporate sector drops 30pc due to massive closures LAHORE: Revenue generation from the corporate sector has dropped by 30 percent due to massive closures, particularly... Updated 12 Mar, 2023 09:59am
Print Real estate agents, others: FBR to impose penalties if suspicious transactions not reported to FMU ISLAMABAD: The Federal Board of Revenue (FBR) will impose sanctions including penalties on real estate agents,... Updated 08 Mar, 2023 08:39am
Opinion Disclosure of beneficial ownership by companies General: These notes represent our views and comments on the draft rules proposed to be inserted in the Income Tax... Updated 02 Mar, 2023 07:13am
Business & Finance Non-resident banking company: Profit on debt, capital gains from debt, debt instruments exempted from tax ISLAMABAD: The federal government has exempted profit on debt and capital gains from debt and debt instruments from... Published 01 Mar, 2023 06:21am
Print Sales tax, other issues: FBR invites textile exporters to a moot ISLAMABAD: The Federal Board of Revenue (FBR) has invited all textile exporters to a moot at FBR headquarters on... Updated 27 Feb, 2023 08:43am
Business & Finance Corporate firms accused of deducting contributions for unapproved gratuity funds LAHORE: Corporate firms are found deducting contributions made to unapproved gratuity funds while computing the... Published 26 Feb, 2023 03:27am
Business & Finance The Finance (Supplementary) Bill 2023: an analysis INCOME TAX: CAPITAL GAIN ON DISPOSAL OF SECURITIES OTHER THAN THROUGH STOCK EXCHANGE/NCCPL Capital gains arising on... Updated 18 Feb, 2023 04:04am
Opinion The Finance (Supplementary) Bill 2023: a comment General: The Finance Minister has laid Finance (Supplementary) Bill 2023 on the floor of the Parliament. (National... Published 17 Feb, 2023 06:00am