Section 129 of the Income Tax Ordinance, 2001 tells about the powers of the Commissioner (Appeals) in making decisions. 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 129 of Income Tax Ordinance, 2001: […]

Section 128 of the Income Tax Ordinance, 2001 explains the procedure for the commissioner (Appeals) to start proceedings. 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 128 of Income Tax Ordinance, 2001: 128. […]

Section 127 of the Income Tax Ordinance, 2001 explains that how to make an appeal before commissioner Inland Revenue (IR). 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 127 of Income Tax Ordinance, […]

Section 126 of the Income Tax Ordinance, 2001 explains that the tax officer should issue the conclusive assessment order. 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 126 of Income Tax Ordinance, 2001: […]

In a recent development, the Federal Board of Revenue (FBR) has clarified the provisions of Section 125 of the Income Tax Ordinance, 2001, shedding light on the authority granted to the tax office in issuing assessment orders related to disputed property.

Section 124A of the Income Tax Ordinance, 2001 explains the powers of tax authorities to modify orders. 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 124A of Income Tax Ordinance, 2001: 124A. Powers of tax authorities to modify orders, […]

Section 124 of the Income Tax Ordinance, 2001 explains assessment giving effect to an order. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021.