Disclosure of information by public servant in tax matters

Sep 28

Taxation

Disclosure of information by public servant in tax matters

Section 216 of Income Tax Ordinance, 2001 has explained that public servants cannot disclose information in tax matters. 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 216 of Income Tax Ordinance, 2001: 216. Disclosure […]

by Faisal Shahnawaz

FBR extends IR working hours for tax collection

Sep 28

Taxation

FBR extends IR working hours for tax collection

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday directed offices of Inland Revenue (IR) to observe extended working hours to facilitate taxpayers in payment of duty and taxes. In an official memorandum, the FBR directed all the IR offices including Large Taxpayers Office (LTOs), Medium Tax Office (MTO), Corporate Tax Offices (CTOs) and Regional […]

by Hamza Shahnawaz

FPCCI demands tax return filing date extension

Sep 28

Trade & Industry

FPCCI demands tax return filing date extension

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday demanded the tax authorities of extending the return filing date at least for two months. In a statement, FPCCI President Mian Nasser Hyatt Maggo, demanded the Federal Board of Revenue (FBR) to extend the deadline for tax filing by two months to facilitate […]

by Hamza Shahnawaz

PM requested for return filing date extension

Sep 28

Taxation

PM requested for return filing date extension

KARACHI: Karachi Tax Bar Association (KTBA) on Tuesday apprised Prime Minister Imran Khan about difficulties in the filing income tax returns and requested for date extension up to December 31, 2021. KTBA President Muhammad Zeeshan Merchant in a letter sent to the prime minister highlighted the technical errors on the IRIS portal of the Federal […]

by Faisal Shahnawaz

Sep 28

Taxation

Furnishing of returns and documents

Section 215 of Income Tax Ordinance, 2001 has explained furnishing of returns and documents. 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 215 of the Income Tax Ordinance, 2001: 215. Furnishing of returns, documents etc. —(1) Where, by virtue […]

by Hamza Shahnawaz

How to get return filing date extension as per law?

Sep 28

Taxation

How to get return filing date extension as per law?

The last date for filing an income tax return is talk of the town. The Federal Board of Revenue (FBR) has made it clear that it will not extend the date for filing income tax returns for the tax year 2021 beyond September 30, 2021. Although stakeholders are persuading the FBR to extend the date […]

by Faisal Shahnawaz

Extend date for return filing till Dec 31, PTBA asks FBR

Sep 27

Taxation

Extend date for return filing till Dec 31, PTBA asks FBR

Pakistan Tax Bar Association (PTBA) has urged the tax authorities to extend date for filing annual tax returns and updating business bank accounts till December 31, 2021 from September 30, 2021.

by Hamza Shahnawaz

FBR notifies transfers of senior BS-19-20 IRS officers

Sep 27

Taxation

FBR notifies transfers of senior BS-19-20 IRS officers

ISLAMABAD: The Federal Board of Revenue (FBR) on Monday notified transfers and postings of senior officers of Inland Revenue Service (IRS) in BS-19 and BS-20 with immediate effect until further orders. The FBR announced transfers and postings of following IRS officers: 01. Ms. Hina Akram (Inland Revenue Service/BS-20) has been transferred and posted as Director, […]

by Hamza Shahnawaz

FBR transfers IRS officers of BS-17-18-19

Sep 27

Taxation

FBR transfers IRS officers of BS-17-18-19

ISLAMABAD: Federal Board of Revenue (FBR) on Monday announced transfers and postings of officers of Inland Revenue Service (IRS) in BS-17-18-19 with immediate effect and further orders. The FBR notified transfers and postings of the following IRS offices: 01. Dr. Muhammad Babar Chohan (Inland Revenue Service/BS-19) has been transferred and posted as Additional Director, Directorate […]

by Faisal Shahnawaz

FBR’s powers to select taxpayers for audit, call for record

Sep 27

Taxation

FBR’s powers to select taxpayers for audit, call for record

Section 214 of Income Tax Ordinance, 2001 has explained that all income tax authorities are required to observe and follow the orders, instructions and directions issued by the Federal Board of Revenue (FBR). The FBR is has also been empowered to select taxpayers for audit and call for the record.

by Faisal Shahnawaz