The Federal Board of Revenue (FBR) has announced that filing an incomplete income tax return could lead to severe penalties, including a fine and up to one year of imprisonment.
(more…)Author: Shahnawaz Akhter
-
PBC Questions Massive Salary Increase for Govt Employees
In a critical response to the newly announced budget for the fiscal year 2024-25, the Pakistan Business Council (PBC) has raised significant concerns over the substantial salary increments granted to government employees.
(more…) -
Pakistan Budget 2024-25 At A Glance
Islamabad: The Federal Government of Pakistan unveiled its budget for the fiscal year 2024-25 on Wednesday, June 12, 2024, totaling an ambitious Rs 18.877 trillion.
(more…) -
Finance Bill 2024 Redefines Sales Tax Fraud
The federal government, on Wednesday, unveiled the budget for 2024-25, presenting a comprehensive redefinition of sales tax fraud through the Finance Bill, 2024.
(more…) -
KCCI Rejects 2024-25 Budget, Terms It Anti-Industry
The Karachi Chamber of Commerce and Industry (KCCI) on Wednesday voiced strong opposition to the federal budget for the fiscal year 2024-25, presented by the government.
(more…) -
New Tax Slabs for Business Individuals: Finance Bill 2024
Islamabad, June 12, 2024 – The government on Wednesday presented the budget for the fiscal year 2024-25, which includes revised tax slabs for business individuals and Associations of Persons (AOPs).
(more…) -
New Salary Tax Slabs Unveiled through Finance Bill 2024
Islamabad, June 12, 2024 – The Finance Bill, 2024 has unveiled new salary income tax slabs for the fiscal year 2024-25, signaling significant changes in the taxation structure for salaried individuals.
(more…) -
FBR Unveils Heavy Penalties for CMOs for Denying SIM Blocking
Islamabad, June 12, 2024 – The Federal Board of Revenue (FBR) has announced stringent penalties on Cellular Mobile Operators (CMOs) for refusing to block SIM cards of non-filers, as part of the newly introduced amendments in the Finance Bill, 2024.
(more…) -
FBR Introduces New CGT Rates on Sale of Securities in FY25
PkRevenue.com – The Federal Board of Revenue (FBR) has announced revised capital gains tax (CGT) rates on the sale of securities, set to take effect from July 1, 2024.
(more…) -
Pakistan Slaps Heavy Tax on Transactions of Immovable Properties
Islamabad, June 12, 2024 – Pakistan government, through the Finance Bill 2024, has introduced significant income tax changes on transactions involving immovable properties.
(more…)