FBR officers found non-compliant to asset declaration
The Federal Board of Revenue (FBR) has raised concerns over a significant number of officers in BS-19 and BS-20 who have been found non-compliant with the mandatory filing of asset declarations.
The Federal Board of Revenue (FBR) has raised concerns over a significant number of officers in BS-19 and BS-20 who have been found non-compliant with the mandatory filing of asset declarations.
ISLAMABAD: Federal Finance Minister Shaukat Tarin on Wednesday asked federal and provincial authorities to work together to resolve pending taxation matters for finalizing tax harmonization at the earliest. The finance minister chaired the first meeting of the National Tax Council (NTC). Finance Minister, Government of Punjab Makhdoom Hashim Jawan Bakht, Finance Minister, Government of Khyber […]
ISLAMABAD: The President of Pakistan, Dr. Arif Alvi has said that the economy of the country is heading in the right direction. It reflects the confidence of the business community in the economic policies of the government. He said that steps are being taken to improve the business environment of the country by providing various […]
KARACHI: InfraZamin Pakistan Limited (InfraZamin) and ITMinds Limited (ITMinds), a wholly-owned subsidiary of Central Depository Company of Pakistan Limited (CDCPL), have signed an agreement enabling ITMinds to provide Back Office Accounting Services to InfraZamin. The agreement was signed by Ms. Maheen Rahman CEO-InfraZamin, and Iqleem-uz-Zaman Khan CEO-ITMinds in the presence of Badiuddin Akber Director-ITMinds and […]
Section 120 of the Income Tax Ordinance, 2001 explains the assessment on the taxpayer declaring the complete income tax return. 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 120 of Income Tax Ordinance, […]
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the following Karachi Interbank Offered Rates (KIBOR) on September 01, 2021. Tenor BID OFFER 1 – Week 6.92 7.42 2 – Week 6.95 7.45 1 – Month 7.01 7.51 3 – Month 7.12 7.37 6 – Month 7.29 7.54 9 – Month 7.39 7.89 1 – Year 7.49 7.99
KARACHI: The stock market ended flat on Wednesday in range-bound trading activities observed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,413 points as against the previous day’s closing of 47,420 points, showing a decline of 6 points. Analysts at Arif Habib Limited said that the first day of […]
KARACHI: The US dollar made gains for the third consecutive day against the Pak Rupee (PKR) on Wednesday. The local currency fell due to external payment demand. The rupee depreciated by 48 paisas against the dollar. The local currency ended Rs166.87 to the dollar from the previous day’s closing of Rs166.39 in the interbank foreign […]
KARACHI: Federal Board of Revenue (FBR) on Wednesday transferred 75 officers of BS-18 and BS-19 Pakistan Customs Service (PCS).
Section 119 of Income Tax Ordinance, 2001 has explained the procedure for obtaining an extension of time for furnishing returns and other documents. 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 119 […]