Daily Archives: November 9, 2017

PTBA seeks return filing date extension up to Dec 20

KARACHI: Pakistan Tax Bar Association (PTBA) on Thursday urged the finance minister to extend the last date for filing income tax return up to December 20, 2017 in order to maximize the number of filers through outreach program launched by Federal Board of Revenue (FBR) and to facilitate the existing taxpayers.

Overseas Pakistanis send $6.44bn in first four months

KARACHI: Overseas Pakistani workers remitted $6444.46 million in the first four months (July to October) of FY18, compared with US $6301.39 million received during the same period in the preceding year, State Bank of Pakistan (SBP) said on Thursday.

Al Karam Towel Industries granted zero-rated purchase of diesel, coal

ISLAMABAD: Federal Board of Revenue (FBR) has allowed zero-rated supply of diesel oil and coal to M/s Al Karam Towel Industries for one year in order to meet energy requirement at lower cost.

FBR directs power, gas utilities to stop zero-rated supply to a textile unit

ISLAMABAD: Federal Board of Revenue (FBR) has directed power and gas utilities to stop supplying zero-rated to a textile unit with immediate effect.

KTBA demands return filing date extension up to December 31 for salary, business individuals

KARACHI: Karachi Tax Bar Association (KTBA) has demanded the finance ministry of extended the last date for filing annual income tax returns up to December 31 as many taxpayers may not able to file their returns by November 15 due to slowdown in official return filing portal.