The Federal Board of Revenue (FBR) has announced an upward revision in the valuation of immovable properties in Islamabad for the determination of income tax on sale and purchase transactions.
(more…)Author: Mrs. Anjum Shahnawaz
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Headline inflation increases by 7.2% in January 2019
ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) has increased by 7.2 percent Year-on-Year (YoY) in January 2019, Pakistan Bureau of Statistics (PBS) said on Friday.
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FBR enhances valuation of immovable properties in Lahore city
The Federal Board of Revenue (FBR) has implemented a 20% upward revision in the valuation of immovable properties in various areas of Lahore.
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FBR increases valuation by 20pc for Karachi immovable properties
The Federal Board of Revenue (FBR) has revised the valuation of immovable properties in Karachi, announcing an increase of around 20 percent.
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FBR revises valuation of immovable properties
The Federal Board of Revenue (FBR) has announced revised valuations for immovable properties in major cities, including Karachi, Lahore, and Islamabad.
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FBR extends date for availing audit scheme up to February 28
The Federal Board of Revenue (FBR) has granted a one-month extension for availing the audit scheme, pushing the deadline to February 28, 2019.
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Foreign investors’ Pakistan business confidence index decline by 26 percent
KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) on Friday released results of its Business Confidence Index (BCI) Survey – Wave 17, which shows that the overall Business Confidence in Pakistan stands at negative 12 percent, a 26 percent decline from the 14 percent positive recorded in the Wave 16 results announced in May last year.
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Rupee eases in early trade
The Pakistani Rupee witnessed a marginal decline of two paisas against the US Dollar in early trade on Friday, settling at Rs138.25 in the interbank foreign exchange market.
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Income Tax Ordinance 2001: collection of tax from company in liquidation
The Federal Board of Revenue (FBR) has issued updates to the Income Tax Ordinance, 2001, emphasizing the joint responsibility of directors for the payment of taxes owed by a company, even if the said company is in a state of liquidation.
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