FPCCI says tax return filing drops by 23 percent

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday stressed the need of tax reforms in consultation with stakeholders as number of return filing dropped by 23 percent. FPCCI... Read more »

Tax Year 2020: return may be filed on payment of penalty

ISLAMABAD: A return of income and a wealth statement can be filed now after payment of fine and penalty as prescribed in the statute. The deadline to file income tax return for... Read more »

Annual tax return filing by due date falls 29 percent

ISLAMABAD: Filing of annual income tax returns fell by 29 percent for tax year 2020 by due date as compared with number of return filed by due date for tax year 2019.... Read more »

Date for filing income tax returns may be extended

ISLAMABAD: The government may announce an extension in last date for filing return of income and wealth statement for tax year 2020, sources said. Today i.e. Tuesday December 08, 2020 is the... Read more »

Tax Return Filing: banks to observe extended working hours to facilitate taxpayers

KARACHI: State Bank of Pakistan (SBP) on Monday directed banks to observe extended banking hours on December 08, 2020 for facilitating taxpayers in payment of duty and taxes. It is worth mentioning... Read more »

Tax Return Filing: KCCI urges Prime Minister to facilitate taxpayers

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) – the largest chamber in the country – has requested the prime minister to grant extension in the last date for filing return of... Read more »

Tax Return Filing: FPCCI approaches advisor to Prime Minister for date extension

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has approached advisor to Prime Minister on finance for the grant of extension in date for income tax returns for tax year... Read more »

FBR disappoints return filing date extension seekers with new instructions

ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued new instructions to its tax offices for extension in filing income tax returns in special cases. The new instructions have disappointed tax consultants,... Read more »

Persons not required to file return of income

ISLAMABAD: There are different type of persons who are not required to file annual income tax returns under Income Tax Ordinance, 2001. The section 115 of Income Tax Ordinance, 2001 explained the... Read more »

Taxpayers entitled to get date extension for filing tax return, wealth statement

ISLAMABAD: Taxpayers, who are unable to file income tax return and wealth statement by due date, are entitled to get date extension under tax laws by submitting application with genuine reasons. The... Read more »