Letter to FBR chairman: PTBA explains timeline for filing return under tax law

ISLAMABAD: Pakistan Tax Bar Association (PTBA) on Saturday demanded the tax authorities to extend the last date for filing income tax return for at least three months as provided under the law.... Read more »

FBR urged to allow time extension making audit notice compliance

KARACHI: Pakistan Tax Bar Association (PTBA) has urged the tax authorities to allow time extension to taxpayers for making compliance in audit notices of tax year 2014. In a letter sent to... Read more »

Tax officials’ power to select income tax return for audit should be withdrawn

KARACHI: Tax practitioners have recommended that the selection of income tax returns for audit should be rest only with the Federal Board of Revenue (FBR) and powers of commissioner in this regard... Read more »

Online verification of tax withheld should be available

KARACHI: Tax practitioners have urged the Federal Board of Revenue (FBR) to ensure verification of tax withheld on the IRIS portal in order to facilitate taxpayers in making adjustment or claiming refunds.... Read more »

CNIC should be made mandatory for purchase of moveable, immovable properties

KARACHI: Federal Board of Revenue (FBR) has been proposed to make computerized national identity card (CNIC) mandatory for purchase of movable and immovable properties for bringing potential taxpayers into the tax net.... Read more »

PTBA recommends restoring Rs1.2 million threshold for salaried persons

KARACHI: Pakistan Tax Bar Association (PTBA) has recommended to restore basic threshold of Rs1,200,000 for salaried persons in the budget 2020/2021. According to a presentation of Zeeshan Merchant, advocate high court, given... Read more »

PTBA demands probe into fake FBR’s date extension letters

LAHORE: Pakistan Tax Bar Association (PTBA) has approached law enforcement agencies to probe circulation of fake/forged circulars related to date extension in income tax return filing. Read more »

PTBA suggests return filing date extension up to December 31

LAHORE: Pakistan Tax Bar Association (PTBA) has advised the Federal Board of Revenue (FBR) to further extend the last date for filing income tax returns up to December 31, 2019. Read more »

PTBA asks FBR to allow amnesty declaration filing on already paid tax

LAHORE: Pakistan Tax Bar Association (PTBA) has said that those persons who had made payment for availing tax amnesty scheme but failed to file their returns should be given an opportunity for... Read more »

PTBA estimates one million income tax returns shortfall in case no date extension

LAHORE: The apex tax bar of the country on Tuesday said that the shortfall in income tax return filing may exceed above one million in case no further extension in date is... Read more »