KTBA Archives - Page 10 of 24

Tax Filing Nightmares: KTBA Reveals Critical Errors in 2023 Return Forms

August 1, 2023August 1, 2023Shahnawaz Akhter

Karachi, August 1, 2023: The Karachi Tax Bar Association (KTBA) on Tuesday brought to light critical errors and mistakes present in the income tax return forms for the tax year 2023.

KTBA Raises Concerns to FBR Regarding Challenges in Filing Sales Tax Returns

June 26, 2023June 26, 2023Shahnawaz Akhter

The Karachi Tax Bar Association (KTBA) on Monday reached out to the Federal Board of Revenue (FBR) to highlight the difficulties encountered by taxpayers while filing sales tax returns.

Tax Concession to Retailers Termed as Politically Motivated

June 18, 2023June 18, 2023Shahnawaz Akhter

Karachi, June 18, 2023 – The tax concession provided to retailers and jewelers through the Finance Bill, 2023 has come under scrutiny, with critics arguing that it is aimed at appeasing certain political groups in light of the upcoming general elections.

Tax Experts Express Concerns over Increase in Threshold for Money Whitening

June 17, 2023June 17, 2023Shahnawaz Akhter

Tax experts have raised questions regarding the proposed enhancement of the foreign currency threshold for the money whitening scheme outlined in the Finance Bill of 2023.

Karachi Tax Bar Association Proposes Sales Tax Relief for Non-Profit Organizations

June 5, 2023June 5, 2023Shahnawaz Akhter

The Karachi Tax Bar Association (KTBA) has presented a tax proposal aimed at providing relief to charitable and non-profit organizations engaged in charitable activities.

KTBA Proposes Amendments for Fairer Tax Recoveries via Frozen Bank Accounts

June 2, 2023June 2, 2023Shahnawaz Akhter

Karachi Tax Bar Association (KTBA) has proposed significant amendments to the existing laws concerning tax recoveries through the freezing of bank accounts.

KTBA Opposes Income Tax Deduction on Gross Salary

June 1, 2023June 1, 2023Faisal Shahnawaz

Karachi, June 1, 2023 – The Karachi Tax Bar Association (KTBA) has expressed its opposition to taxing salary income based on the gross amount.

Karachi Tax Bar Association Proposes Amendments to Ease Tax Challan Issuance

May 31, 2023January 16, 2024Faisal Shahnawaz

Karachi Tax Bar Association (KTBA) has proposed amendments to ease in tax challane issuance while raising concerns over the difficulties faced by taxpayers in obtaining copies of challans from withholding agents.

KTBA Suggests Abolishing Tax on Deemed Income

May 31, 2023May 31, 2023Faisal Shahnawaz

Karachi Tax Bar Association (KTBA) has made a compelling case for the government to abolish the tax on deemed income by proposing an amendment to the Finance Bill 2023.

KTBA informs FBR of dysfunctional ATIR following Chairman’s retirement

April 12, 2023April 12, 2023Faisal Shahnawaz

The Karachi Tax Bar Association (KTBA) has raised concerns regarding the current situation of the Appellate Tribunal Inland Revenue (ATIR) after the superannuation of its previous chairman, Muhammad Waseem Chaudhary.

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