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Tag: Income Tax Ordinance 2001

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FBR Unveils Tax Guidelines for Salary Income in 2024-25

August 26, 2024August 26, 2024Shahnawaz Akhter

Karachi, August 26, 2024 – The Federal Board of Revenue (FBR) has issued a detailed explanation regarding the taxable salary income for the tax year 2024-25, according to the Income Tax Ordinance, 2001, updated until June 30, 2024.

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Computation of Taxable Income in Pakistan for TY 2024-25

August 25, 2024August 25, 2024Shahnawaz Akhter

Karachi, August 25, 2024 – The Federal Board of Revenue (FBR) has provided a detailed explanation regarding the computation of taxable income in Pakistan for the tax year 2024-25.

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FBR Explains Section 7F for Tax on Builders and Developers

August 24, 2024August 24, 2024Shahnawaz Akhter

Karachi, August 24, 2024 – Federal Board of Revenue (FBR) has explained Section 7F of Income Tax Ordinance, 2001 regarding tax on builders and developers.

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FBR Unveils Deemed Income Tax Rates for TY 2024-25

August 23, 2024August 23, 2024Shahnawaz Akhter

Karachi, August 23, 2024 – The Federal Board of Revenue (FBR) has announced the deemed income tax rates for the tax year 2024-25, a move that is expected to impact various resident taxpayers across Pakistan. The new rates, which have been outlined in the Income Tax Ordinance, 2001, updated as of June 30, 2024, come […]

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FBR Sets Income Tax Rates for Foreign Shipping Operators

August 22, 2024August 22, 2024Shahnawaz Akhter

Karachi, August 22, 2024 – The Federal Board of Revenue (FBR) has officially set the income tax rates applicable to shipping and air transport services operated by non-resident entities.

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FBR White

FBR Clarifies Tax on Non-Resident Payments for TY 2024-25

August 21, 2024August 21, 2024Shahnawaz Akhter

Karachi, August 20, 2024 – The Federal Board of Revenue (FBR) has recently outlined the income tax rates applicable to payments made to non-residents during the tax year 2024-25.

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FBR Updates Tax on Dividend Income for Tax Year 2024-25

August 20, 2024August 20, 2024Shahnawaz Akhter

KARACHI, August 20, 2024 – The Federal Board of Revenue (FBR) has announced updated tax rates on dividend income for the tax year 2024-25, as per the amendments made to the Income Tax Ordinance, 2001, updated on June 30, 2024.

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FBR Issues 2024-25 Taxable Income Calculation Guide

August 17, 2024August 18, 2024Shahnawaz Akhter

Karachi, August 17, 2024 – The Federal Board of Revenue (FBR) has officially released the guidelines for computing taxable income for the Tax Year (TY) 2024-25, outlining the specific methodologies and provisions to be followed by taxpayers.

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PBC Proposals

Balochistan High Court Declares Section 7E as Unconstitutional

June 1, 2024June 1, 2024Mrs. Anjum Shahnawaz

PkRevenue.com – In a significant ruling, the Balochistan High Court has declared Section 7E of the Income Tax Ordinance 2001, which imposed a tax on immovable properties based on deemed income, as ultra vires to the Constitution.

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Tax Budget

Key Changes to Income Tax Ordinance through New Laws 2024

May 7, 2024May 7, 2024Shahnawaz Akhter

The Income Tax Ordinance, 2001 has undergone significant revisions through the enactment of new Tax Laws (Amendment) Act, 2024.

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