Time of payment made under tax law
Section 158 of Income Tax Ordinance, 2001 sheds light on the critical aspect of the time of tax deduction, providing time of payment of tax liability.
Section 158 of Income Tax Ordinance, 2001 sheds light on the critical aspect of the time of tax deduction, providing time of payment of tax liability.
Section 156A of the Income Tax Ordinance, 2001 delineates the mechanism for the deduction of income tax from petrol pump operators by Oil Marketing Companies (OMCs).
KARACHI: The liquid foreign exchange of Pakistan has come down by $125 million to $27.103 billion by the week ended September 03, 2021, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $27.228 billion by the week ended August 27, 2021, the SBP added. The official reserves […]
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the following Karachi Interbank Offered Rates (KIBOR) on September 09, 2021. Tenor BID OFFER 1 – Week 6.91 7.41 2 – Week 6.96 7.46 1 – Month 7.01 7.51 3 – Month 7.14 7.39 6 – Month 7.31 7.56 9 – Month 7.41 7.91 1 – Year 7.50 8.00
Section 156 of Income Tax Ordinance, 2001 describes the income tax on prize bonds and lottery winnings. 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 156 of Income Tax Ordinance, 2001: 156. Prizes and […]
Section 155 of Income Tax Ordinance, 2001 explains income tax on rental immoveable property. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021.
ISLAMABAD: Dr. Muhammad Ashfaq Ahmed, Chairman, Federal Board of Revenue (FBR) on Thursday said that track and trace system will be rolled out from November 01, 2021. According to a statement, FBR Chairman Dr. Muhammad Ashfaq Ahmed appreciated the performance of Inland Revenue Enforcement Network (IREN) staff. The chairman said that from November 1, 2021, […]
KARACHI: The stock market gained 228 points on Thursday after a downward adjustment witnessed yesterday. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,625 points as against previous day’s closing of 46,397 points. Analysts at Arif Habib Limited said that the market moved up today after downward adjustment witnessed yesterday in the […]
Section 154A of Income Tax Ordinance, 2001 tells about the tax payment on exports of IT services. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021.
KARACHI: The US dollar made a gain of 41 paisas against the Pak Rupee (PKR) on Thursday. The rupee weakened despite the announcement of the government to make trade in Pak Rupee with neighboring country Afghanistan. The rupee ended at Rs167.66 to the dollar from the previous day’s closing of Rs167.25 in the interbank foreign […]