CNIC should be made mandatory for purchase of moveable, immovable properties

KARACHI: Federal Board of Revenue (FBR) has been proposed to make computerized national identity card (CNIC) mandatory for purchase of movable and immovable properties for bringing potential taxpayers into the tax net. A presentation made on behalf of Pakistan Tax Bar Association (PTBA) for submission of proposals for budget 2020/2021, it is highlighted that Pakistan […]

by Mrs. Anjum Shahnawaz

SBP issues fake call alert; advises not to share account information

Jun 7

Money & Banking

SBP issues fake call alert; advises not to share account information

KARACHI: The State Bank of Pakistan (SBP) on Sunday issued alert warning general public that unscrupulous elements are making phone calls to collect account holders information. “It has come to the knowledge of SBP that unscrupulous elements are making phone calls to individuals, impersonating as officials of SBP or other agencies, seeking personal information regarding […]

by Mrs. Anjum Shahnawaz

PTBA recommends restoring Rs1.2 million threshold for salaried persons

Jun 7

Budget 2020-2021

PTBA recommends restoring Rs1.2 million threshold for salaried persons

KARACHI: Pakistan Tax Bar Association (PTBA) has recommended to restore basic threshold of Rs1,200,000 for salaried persons in the budget 2020/2021. According to a presentation of Zeeshan Merchant, advocate high court, given on behalf of the PTBA, urged the government to restore the basic threshold of Rs1.2 million that was available for tax year 2019 […]

by Mrs. Anjum Shahnawaz

COVID-19 claims four more taxmen as IR offices open on Saturdays

Jun 7

Taxation

COVID-19 claims four more taxmen as IR offices open on Saturdays

KARACHI: Four more officials of Inland Revenue have died of COVID-19 as field offices of Federal Board of Revenue (FBR) were remained opened on Saturday. The offices of Federal Board of Revenue (FBR) were remained opened on Saturday as four more officials of Inland Revenue died of coronavirus, sources said. The officers were posted at […]

by Mrs. Anjum Shahnawaz