Sep 13

Duty free mobile phone not allowed under personal baggage

KARACHI: Federal Board of Revenue (FBR) has said that not a single mobile phone is allowed duty free brought into Pakistan under personal baggage. Recently Baggage Rules have been amended vide Finance Act, 2019 whereby facility for bringing duty/taxes free mobile set has been withdrawn from July 01. 2019. Hence duty and taxes will be […]

by Mrs. Anjum Shahnawaz

Return filing facilitation: FBR issues procedure to reset, change password on IRIS portal

KARACHI: Federal Board of Revenue (FBR) has issued procedure to reset and change password on IRIS portal in order to facilitate taxpayers in filing their income tax returns for tax year 2020. The FBR issued the procedure to facilitate taxpayers as many persons failed to access their accounts on IRIS after a lapse of time […]

by Mrs. Anjum Shahnawaz

Salary codes explained for tax returns

ISLAMABAD: Federal Board of Revenue (FBR) has explained codes to be used for entering the tax deducted at source under the head of salary. An employer deducts income tax from salary of taxable income of an employee under section 149 of Income Tax Ordinance, 2001. Many salaried persons are confused at the time of filing […]

by Mrs. Anjum Shahnawaz