Self assessment scheme to facilitate taxpayers: Tarin

Aug 20

Finance, Taxation, Trade & Industry

Self assessment scheme to facilitate taxpayers: Tarin

KARACHI: Finance Minister Shaukat Tarin on Friday said that the Universal Self Assessment Scheme (USAS) has been reintroduced. This scheme will facilitate taxpayers in declaring income and assets.

by Faisal Shahnawaz

Automated scrutiny of tax returns to end universal self assessment scheme

Jun 20

Budget 2020-2021, Taxation

Automated scrutiny of tax returns to end universal self assessment scheme

ISLAMABAD: The introduction of automated scrutiny of all income tax returns may end the Universal Self Assessment Scheme (USAS) in the country. The Finance Bill, 2020 introduced a major policy change under which the FBR to conduct scrutiny of all income tax returns. In contrast the existing USAS all the returns filed by taxpayers are […]

by Mrs. Anjum Shahnawaz