Fourteenth Schedule of Income Tax Ordinance, 2001 has described the rules for computation of income tax on profit and gains for Small and Medium Enterprises (SMEs). 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 Fourteenth Schedule of Income Tax […]

Thirteenth Schedule of Income Tax Ordinance, 2001 has explained the tax credit for charitable donations. 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 Thirteenth Schedule of Income Tax Ordinance, 2001: S. No. Name (1) (2)   1.   any […]

Twelfth Schedule of Income Tax Ordinance, 2001 has explained the category of taxpayers for income tax on imports. 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 Twelfth Schedule of Income Tax Ordinance, 2001: PCT CODE DESCRIPTION   (1) (2) […]

ISLAMABAD, Monday – The Federal Board of Revenue (FBR) has released comprehensive guidelines, outlined in the Eleventh Schedule of the Income Tax Ordinance, 2001, for the computation of income tax specifically tailored for builders and developers.

Rules for persons not appearing in ATL have been unveiled by the Federal Board of Revenue (FBR) through updated version of the Income Tax Ordinance, 2001, incorporating amendments through the Finance Act, 2021.

Part I, Ninth Schedule of Income Tax Ordinance, 2001 has explained the rules for taxation computation on profits and gains of trader.