ISLAMABAD: Nasira Anjum, a customer of Imtiaz Provision Store, has been awarded with the bumper prize of Rs 1 million in fifth computerized draw conducted by the Federal Board of Revenue (FBR) on Monday. The computerized balloting was conducted on the basis of invoices issued by Point of Sales (POS) of Tier-1 Retailers. READ MORE: […]
ISLAMABAD: The Federal Board of Revenue (FBR) on Saturday announced the winners of the first draw of prize scheme on invoices obtained from Point of Sales (POS). According to the FBR, the bumper prize of Rs one million has been won by Tanveer Ahmed. The second prize of two each Rs0.5 million has been won […]
The Federal Board of Revenue (FBR) has outlined the income tax rates applicable to prize bonds and lottery winnings under the recently updated Income Tax Ordinance, 2001, for the fiscal year 2021/2022.
KARACHI: Federal Board of Revenue (FBR) has been advised to amend the income tax law related to withholding tax deduction on prize winnings. Pakistan Business Council (PBC) in its budget proposals for 2020/2021 submitted to the FBR said that under Section 156 of the Income Tax Ordinance, 2001 requires a company to deduct 20 percent […]