CCIR given special role for taxpayer grievance redressal

ISLAMABAD: Chief Commissioners of Inland Revenue (CCIR) have been assigned special role for redressal of taxpayers’ grievances and attached the task as key performance indicator. In an official note sent to all... Read more »

Valuation procedure for undeclared motor vehicles

ISLAMABAD: The procedure for valuation of motor vehicles, which have been identified as undeclared or concealed assets, has been laid down in Income Tax Rules, 2001. The Federal Board of Revenue (FBR)... Read more »

FBR explains fair market value of property, assets

ISLAMABAD: Federal Board of Revenue (FBR) explained fair market value, which is the price which the property or asset would ordinarily fetch on sale or supply in the open market at that... Read more »