How to file returns and other documents?
How to file returns and other documents has been resolved by the Federal Board of Revenue (FBR) to facilitate taxpayers of Pakistan.
How to file returns and other documents has been resolved by the Federal Board of Revenue (FBR) to facilitate taxpayers of Pakistan.
Section 117 of the Income Tax Ordinance, 2001 stated that any person discontinuing a business shall give the commissioner a notice in writing to that effect within 15 days of the discontinuance. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance […]
Section 116A of the Income Tax Ordinance, 2001 explains that a resident taxpayer having a foreign income is required to file a wealth statement. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following is the text of Section […]
Section 116 of Income Tax Ordinance, 2001 explained the requirement of filing wealth statement by any person being an individual.
The Federal Board of Revenue (FBR) has clarified the provisions of Section 115 of the Income Tax Ordinance, 2001, shedding light on specific categories of individuals who are exempted from the requirement of filing a return of income under the tax law.
KARACHI: The stock market gained 54 points on Tuesday in a range bound trading observed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,420 points from the previous day’s closing of 47,366 points. Analysts at Topline Securities said that a range-bound session was observed at the exchange today with […]
KARACHI: Fayyaz Ilyas, chairman, Association of Builders and Developers of Pakistan (ABAD), has demanded stern action against the cartel of cement manufacturers. He said that cement and steel are basic raw material for the construction industry In a statement issued on Tuesday, he said that continuous increase in prices of cement and steel bars will […]
ISLAMABAD: The federal government on Tuesday announced a reduction in prices of all petroleum products for next fortnight. A statement issued by the Finance Division the new reduced prices will take effect from September 01, 2021. According to the notification the price of petrol has been reduced by Rs1.50 to Rs118.30 per liter from Rs119.80. […]
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued following Karachi Interbank Offered Rates (KIBOR) on August 31, 2021. Tenor BID OFFER 1 – Week 6.90 7.40 2 – Week 6.95 7.45 1 – Month 7.00 7.50 3 – Month 7.12 7.37 6 – Month 7.29 7.54 9 – Month 7.39 7.89 1 – Year […]
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday notified transfers and postings of senior officers of Pakistan Customs Service (PCS) in BS-20 and BS-21. The transfers have been made with immediate effect and until further orders. 01. Ms. Suraiya Ahmed Butt (Pakistan Customs Service/BS-21) has been transferred and posted as Director General, Directorate General of Training […]