Persons not required filing income tax return, wealth statement
The Income Tax Ordinance, 2001, under Section 115, specifies classes of persons exempted from filing annual income tax returns and wealth statements for the tax year 2019.
The Income Tax Ordinance, 2001, under Section 115, specifies classes of persons exempted from filing annual income tax returns and wealth statements for the tax year 2019.
ISLAMABAD: Federal Board of Revenue (FBR) has issued 60,000 notices to commercial and industrial electricity consumers for mandatory registration and filing of income tax returns. Syed Shabbar Zaidi in a tweet on Wednesday said that over 60,000 notices to non-registered / non-compliant persons were being jointly sent by FBR and Faisalabad Electric Supply Company (FESCO) […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved amendments to Exchange Traded Funds Regulations and other regulations at its policy board meeting which met in Islamabad under the chairmanship of Professor Khalid Mirza, said a statement on Wednesday. The Policy Board welcomed the new Chairman, SECP, Aamir Khan and accredited his joining […]
PESHAWAR: Prime Minister Imran Khan on Wednesday inaugurated 24X7 crossing terminal at historic Torkham border which will help bolster bilateral trade Pakistan and Afghanistan. The prime minister cut the ribbon to formally inaugurate the Integrated Transit Trade Management System at Torkham border, completed at a cost costing Rs16 billion that would ease immigration facilities besides […]
KARACHI: The stock market fell by 353 points on Wednesday on easing oil prices in international market. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,555 points as against 31,909 points showing a decline of 353 points. Analysts at Arif Habib Limited said that after the restoration of crude production at Aramco […]
KARACHI: The Pak Rupee gained eight paisas against dollar on Wednesday owing to inflows of export receipts and workers remittances, dealers said. The rupee ended Rs156.25 to the dollar from previous day’s closing of Rs156.33 in interbank foreign exchange market. The currency dealers said that the market witnessed pressure earlier in the day however dollar […]
ISLAMABAD: The ministry of finance on Wednesday issued 10-year Cash Management & Treasury Single Account Policy with aim to bring every penny into government’s nominated agency. The policy has been issued with the objective of timely availability of cash to meet obligations, economizing on cash within the government so as to save interest costs and […]
KARACHI: The inflow of foreign direct investment (FDI) has declined 58.4 percent in the first two months of current fiscal year, according to data released by State Bank of Pakistan (SBP) on Wednesday. The total inflows under FDI reduced to $156.7 million during July – August 2019 as compared with $377 million in the same […]
KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Wednesday informed investors of Pakistan Stock Exchange (PSX) that tax rate on capital gain will be 100 percent higher for those not appearing in Active Taxpayers List (ATL). In a letter communicated to Pakistan Stock Exchange (PSX), the NCCPL said that through Finance Supplementary (Second Amendment) […]