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Tag: Pakistan Tax Bar Association

Pakistan Tax Bar

Tax Return becomes invalid on depriving refund adjustment: PTBA

August 25, 2022August 26, 2022Hamza Shahnawaz

KARACHI: Pakistan Tax Bar Association (PTBA) has declared that deletion of column to deny refund adjustment made the income tax return invalid. In a letter sent to Asim Ahmed, Chairman, Federal Board of Revenue (FBR) on Thursday, the PTBA apprised about the burning issue due to which the legal fraternity, taxpayers and other stake holders […]

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Pakistan Tax Bar

Glitches mar filing of national sales tax return

February 15, 2022February 15, 2022Faisal Shahnawaz

LAHORE: The Federal Board of Revenue (FBR) has failed to rectify errors in national sales tax form as large number of taxpayers unable discharge their liabilities. Pakistan Tax Bar Association (PTBA) in a letter to the chairman of Federal Board of Revenue (FBR) highlighted the issues in the national sales tax return and demanded to […]

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Pakistan Tax Bar

PTBA demands date extension for filing sales tax return

February 1, 2022February 1, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: Pakistan Tax Bar Association (PTBA) on Tuesday demanded the tax authorities to extend the last date for filing sales tax return for the month of December 2021 because taxpayers have failed to make compliance due to technical issues on the IRIS portal. The PTBA in a letter to the chairman of Federal Board of […]

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Pakistan Tax Bar

PTBA criticizes third-party audit of taxpayers

January 28, 2022January 28, 2022Mrs. Anjum Shahnawaz

Pakistan Tax Bar Association (PTBA) has expressed concerns over decisions of the authorities to conduct audit of taxpayers through external auditors. In a statement, the apex tax bar of the country, expressed concerns over the decision taken by the Federal Board of Revenue (FBR) regarding the assignment of cases of Income Tax, Sales Tax and […]

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Pakistan Tax Bar

PTBA highlights taxation problem of NPOs, Trust

December 4, 2021December 4, 2021Faisal Shahnawaz

KARACHI: Pakistan Tax Bar Association (PTBA) has highlighted problems faced by Non-Profit Organizations (NPOs) and Trust in changing their status as envisaged under Income Tax Ordinance, 2001. The PTBA said on Saturday it has sent a letter to the chairman of the Federal Board of Revenue (FBR) in this regard. The tax bar pointed out […]

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FBR Building

FBR defers digital payment provision for one month

November 1, 2021November 1, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: The Federal Board of Revenue (FBR) has deferred the implementation of a digital mode of payment for one month. The digital mode of payment has been made mandatory for the corporate sector, which was to be implemented from November 01, 2021. The FBR issued Circular No. 09 of 2021-22 on Monday to allow an […]

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Pakistan Tax Bar

PTBA declares implementing digital payment not practical

October 30, 2021October 30, 2021Mrs. Anjum Shahnawaz

Pakistan Tax Bar Association (PTBA) has demanded the Federal Board of Revenue (FBR) extend the implementation of digital mode of payment for corporate entities the system is not practical to use at present for many business entities. The digital mode of payment has been made mandatory from November 01, 2021. The FBR has already made […]

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Pakistan Tax Bar

Extend date for return filing till Dec 31, PTBA asks FBR

September 27, 2021December 28, 2023Hamza Shahnawaz

Pakistan Tax Bar Association (PTBA) has urged the tax authorities to extend date for filing annual tax returns and updating business bank accounts till December 31, 2021 from September 30, 2021.

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Pakistan Tax Bar

FBR urged to extend date for filing sales tax return

May 5, 2021May 5, 2021Mrs. Anjum Shahnawaz

LAHORE: The apex tax bar of the country on Wednesday demanded the chairman of Federal Board of Revenue (FBR) to extend the date for filing monthly sales tax return due to extended Eid holidays and prevailing restrictions due to coronavirus pandemic. Pakistan Tax Bar Association (PTBA) in a letter to FBR chairman Asim Ahmed highlighted […]

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Pakistan Tax Bar

PTBA demands date extension for taxpayers profile update

March 19, 2021March 20, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: Pakistan Tax Bar Association (PTBA) on Friday urged the Federal Board of Revenue (FBR) to extend the last date for updating taxpayers’ profile for further 90 days. The PTBA in a letter to FBR Chairman Muhammad Javed Ghani informed that the last date for updating taxpayers’ profile under section 214 of Income Tax Ordinance, […]

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