ISLAMABAD: Federal Board of Revenue (FBR) has assigned officers of Inland Revenue Service (IRS) for the duties to make operational the directorate of immovable properties.
(more…)Author: Mrs. Anjum Shahnawaz
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IMF ready to support Pakistan: Christine Lagarde
KARACHI: International Monetary Fund (IMF) is ready to support Pakistan in a difficult economic situation, Christine Lagarde, Managing Director of IMF said on Sunday after meeting with Pakistan’s Prime Minister Imran Khan.
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Income Tax Ordinance 2001: Computation of profits, gains from exploration, production of petroleum
KARACHI: The income tax law has explained separately for computation of profits and gains from exploration and production of petroleum in Pakistan.
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Customs Valuation under Customs Act, 1969 – Urdu version
KARACHI: In a move aimed at enhancing accessibility and understanding of customs laws among taxpayers, Pakistan Customs has issued an Urdu version of customs valuation under the Customs Act, 1969.
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MCC Gwadar to hold auction of confiscated goods on February 14
Karachi – The Model Customs Collectorate (MCC) Gwadar has announced a public auction of various confiscated goods, including lubricant oil and motor vehicle tires, to be held at Custom Station, Panjgur on February 14, 2019.
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Banks disburse Rs527 billion agriculture credit during first half: SBP
KARACHI: Banks have disbursed Rs527 billion as agriculture credit during first half of current fiscal year, which is 22 percent higher than the disbursement made during the same period of the last fiscal year.
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Weekly Review: Equity market to eye future investment prospects
KARACHI – The Pakistani equity market is poised to evaluate the potential for foreign investments as Prime Minister Imran Khan prepares for a visit to the UAE on February 10, followed by the anticipated visit of the Saudi Crown Prince to Pakistan on February 16, 2019.
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Provincial sales tax registered persons liable to pay advance income tax
KARACHI – The Federal Board of Revenue (FBR) has announced that sales tax registered individuals with the provinces are now required to pay adjustable advance income tax, as per the recently updated Income Tax Ordinance, 2001.
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Govt. domestic debt increases by 13.6pc to Rs17,536 billion
KARACHI – Pakistan’s domestic debt has witnessed a substantial increase of 13.6 percent, reaching Rs17,536 billion by the end of December 2018, compared to Rs15,437 billion in the same month the previous year, according to data released by the State Bank of Pakistan (SBP) on Friday.
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Income Tax Ordinance 2001: payment of advance tax on quarterly basis
KARACHI: Taxpayers are liable to pay advance tax against their estimated annual income on quarterly basis under Income Tax Ordinance, 2001.
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