April 16, 2024

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Pakistan Revenue

Tag: punjab budget 2020-2021

Key amendments to tax laws introduced through Finance Bill 2021
Jun 14
Budget 2021-2022, Taxation

Key amendments to tax laws introduced through Finance Bill 2021

KARACHI: Finance Minister Shaukat Tarin while presenting budget 2021/2022 has announced certain relief measures and major policy changes in the taxation regime through Finance Bill, 2021. In its commentary on budget 2021/2022, PwC A.F. Ferguson & Co. Chartered Accountants, the Finance Bill 2021 represents the first budget presented by the current Finance Minister and effectively […]

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Punjab announces tax payment relaxation to property, motor vehicle
Jun 16
Budget 2020-2021

Punjab announces tax payment relaxation to property, motor vehicle

LAHORE: The Punjab government has announce special relaxation on payment of tax for immovable properties and motor vehicle for financial year 2020/2021. According to Punjab Finance Bill, 2020 following special relaxations have been offered for tax payment of immovable properties and motor vehicles: Special relaxations for financial year 2020-21. (1) Notwithstanding anything contained in sections […]

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Punjab presents Rs2,240 billion budget 2020/2021; Rs56.5 billion for tax relief package
Jun 15
Budget 2020-2021

Punjab presents Rs2,240 billion budget 2020/2021; Rs56.5 billion for tax relief package

LAHORE: Punjab Finance Minister Makhdoom Hashim Javan Bakht on Monday presented provincial budget for fiscal year 2020/2021. The total outlay of the budget is Rs2,240.7 billion. The provincial government allocated Rs337 billion for development program during next fiscal year. The allocation is 32 percent is higher than the annual development plan of the outgoing fiscal […]

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