KARACHI: Leakage of poisonous gas from unknown place on Sunday killed at least four people and faint many others. Sources said that the location of gas leakage was still unknown. At first instance it was assumed that a shipped docked at the Karachi Port was main reason for gas leakage. However, port authorities rejected such […]
KARACHI: Federal Board of Revenue (FBR) has said that income tax from salary is an important source of revenue the world over. The real potential is much higher than the present collection, according to an official document. Monitoring of withholding tax on salaries is a regular feature. Nevertheless, there is scope for further improvement in […]
KARACHI: The field offices of Federal Board of Revenue (FBR) have been advised to focus on aggressive monitoring on corporate executives / directors with income above certain levels. “Their [executives/directors] tax accounts are usually kept separate and not shared with even ordinary management,” according to an official document related to withholding taxes said. “Enforcement should […]