Mar 27
Taxation
KTBA highlights irritants in declaring debit, credit notes on SRB portal
Karachi Tax Bar Association (KTBA) has highlighted irritants in declaring debit and credit notes on the portal of Sindh Revenue Board (SRB).
Mar 17
National, Taxation
KTBA organizes seminar on Zakat calculation
Karachi Tax Bar Association (KTBA) is organizing a seminar on Zakat calculation on Friday, March 17, 2023.
Mar 16
Taxation, Trade & Industry
KTBA elects office bearers, EC members for 2023
Karachi Tax Bar Association (KTBA) on Thursday elected office bearers and members of the executive committee for the term 2023.
Jan 3
Taxation, Top stories
FBR directives to shopping malls for collecting advance tax on electricity unlawful: KTBA
Karachi Tax Bar Association (KTBA) on Tuesday termed the action of the tax authorities asking shopping malls to collect advance tax on electricity as unlawful.
Dec 30
Taxation, Top stories
KTBA flays notices to taxpayers already audited
Karachi Tax Bar Association (KTBA) has flayed the issuance of audit notices by tax offices to taxpayers, who already selected once for audit in past four years.
Dec 27
Taxation
KTBA protests advance tax estimates by tax offices, issuance of recovery notices
KARACHI: Tax practitioners have protested making estimates of advance tax by the tax offices and issuing recovery notices to taxpayers in this regard.
Dec 8
Taxation
Further tax collection on pharmaceutical products unlawful: KTBA
Karachi Tax Bar Association (KTBA) on Thursday termed the collection of further tax on sales of pharmaceutical products to unregistered persons as unlawful. In a letter sent to Asim Ahmad, Chairman of Federal Board of Revenue (FBR), the tax bar informed that substances registered as drugs under the Drugs Act, 1976 were earlier exempt from […]
Nov 29
Taxation
KTBA demands date extension for filing return, statement Tax Year 2022
Karachi Tax Bar Association (KTBA) on Tuesday demanded an extension to file annual return and statement of income for tax year 2022. The tax bar in a letter sent to the chairman of Federal Board of Revenue (FBR) on November 29, 2022 informed that neither taxpayers nor the consultants would able to complete return filing […]
Nov 17
Taxation, Top stories
Sales tax return lacuna traps taxpayers: FBR offices issue show cause notices
KARACHI: Taxpayers have not been provided to declare exempt purchases in sales tax return form at IRIS, which resulted in issuance of huge number of show cause notices regarding apportionment of input tax in relation to taxable and exempt sales in the return. Karachi Tax Bar Association (KTBA) on Thursday highlighted this important issue by […]
Oct 29
Taxation
Calculating property valuation uphill task in completing tax return: Rehan Jafri
Calculating valuation of immovable property for deemed income under Section 7E of the Income Tax Ordinance, 2001 is remained an uphill task in completing income tax return for tax year 2022. Syed Rehan Hasan Jafri, President, Karachi Tax Bar Association (KTBA) expressed these views while talking to PkRevenue.com. He said that only couple of days […]