Tag Archives: Income Tax Rules 2002

Commissioner empowered to issue trial tax number without CNIC

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ISLAMABAD: Federal Board of Revenue (FBR) has authorized a Commissioner Inland Revenue to issue a trial registration number (TRN) without mentioning Computerized National Identity Card (CNIC) on it while registering an identified taxpayer.

FBR issues rules for computation of capital gain tax

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ISLAMABAD: Federal Board of Revenue (FBR) has issued a notification for the calculation of capital gain tax on the transaction of commodities in Pakistan Mercantile Exchange (PMEX).

FBR notifies rules for determination of bonus shares value issued by companies not quoted on stock exchange

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ISLAMABAD: Federal Board of Revenue (FBR) has issued rules for determination of value of bonus shares issued by a company not quoted on the stock exchange to the shareholders of the company.

FBR issues draft rules for tax computation of bonus shares issued by companies not quoted on stock exchange

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ISLAMABAD: Federal Board of Revenue (FBR) has issued draft rules for computation of income tax on bonus shares issued by companies not quoted on the stock exchange.

FBR issues rules for implementing property valuation tables

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ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued draft rules for implementing laws related to immovable property valuation, which were made part of statute on July 31, 2016.

Building plan may be cancelled on tax default; FBR issues draft rules for builders, developers

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ISLAMABAD: Federal Board of Revenue (FBR) has issued draft rules for computation of tax liabilities on builders and developers under fix tax regime announced in the budget 2016/2017. Under the proposed amendments chief commissioner Inland Revenue may request the building control authority for suspension or cancellation of building plan in case of payment default.

FBR issues draft amendments to income tax rules

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KARACHI: Federal Board of Revenue (FBR) on Thursday issued draft amendments to Income Tax Rules, 2002 for making changes in apportionment of expenses.

FBR issues draft rules for PE, non-PE income tax registration

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KARACHI: The Federal Board of Revenue (FBR) has issued draft amendment for document requirement for income tax registration of a non-resident having permanent establishment (PE) and a non-resident company not having permanent establishment in Pakistan.

All prerequisites, allowances to be calculated under salary for income tax

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KARACHI: The Federal Board of Revenue (FBR) has said that for the purpose of income tax under the head of salary income the value of all prerequisites, allowances and benefits provided by the employer to the employee will be included in such income.

Minimum document requirement for taxpayers to maintain record; salary persons asked to keep certificate

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KARACHI: Every taxpayers deriving income chargeable under the head income from salary are required to maintain salary certificate indicating the amount of salary and tax deducted there from, according to updated Income Tax Rules, 2002 released by the Federal Board of Revenue (FBR) on Friday.