PRA empowered to arrest tax defaulters, imprison for six months

LAHORE: Punjab Revenue Authority (PRA) has been empowered to arrest defaulters and imprison for six months for making recovery of outstanding tax. The Punjab Finance Bill, 2020 has proposed to empower PRA in certain provisions of Punjab Sales Tax Act, 2012 for making recovery of outstanding tax. According to interpretation of Punjab Finance Bill, 2020 […]

by Mrs. Anjum Shahnawaz

Punjab enlists records to be maintained by taxpayers

LAHORE: The service providers falling under the jurisdiction of Punjab Revenue Authority (PRA) are required to maintain records enlisted through provincial Finance Bill, 2020. According to interpretation of Punjab Finance Bill 2020 by PwC A. F. Ferguson Chartered Accountants, the list of records, as provided under section 31, required to be maintained by a registered […]

by Mrs. Anjum Shahnawaz

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 […]

by Mrs. Anjum Shahnawaz