Tag Archives: income tax
ISLAMABAD: Federal Board of Revenue (FBR) has allowed reduced rate of income tax for a Chinese company for the construction of Lahore Orange Line Metro Train Project.
ISLAMABAD: Federal Board of Revenue (FBR) has selected the following list of cases selected for audit through computer ballot for Tax Period Jul-2014 to Jun-2015 Income Tax corporate and non-corporate taxpayers.
KARACHI: The government has announced relief and revenue measures in income tax in order to broaden the tax base and giving incentives to certain class of taxpayers.
KARACHI: Duty exemption and concession given on consignment clearance registered growth of 16.50 percent increase despite claims of the federal government of phasing out the discriminatory regime.
KARACHI: Gujranwala Chamber of Commerce and Industry has proposed to increase the income tax slab limit from 4,00,000 to 6,00,000 rupees and software for filing income tax return must be error free to relieve filers while filing returns online.
KARACHI: The government has decided to implement final phase to withdraw exemptions and concessions in upcoming budget 2016/2017.
KARACHI: The Federal Board of Revenue (FBR) has been urged to adjust the sales tax refunds with income tax liabilities to alleviate the unnecessary cash flow problems faced by the registered persons.
Salaried persons contribute Rs79.46bn or 23.1pc higher as income tax; FBR officials see more potential
KARACHI: Salaried persons have paid Rs79.46 billion as income tax during 2014/2015 toward national exchequer, which is 23.1 percent higher than Rs64.552 billion in the preceding fiscal year, as per statistics issued by the FBR this week.
KARACHI: A dedicated logo for Inland Revenue Wing will be introduced for the identity of the department, which collects about 90 percent of the revenue collected by Federal Board of Revenue (FBR).
KARACHI: The Federal Board of Revenue (FBR) has laid down procedure for valuation of vehicles for income determination that are purchased from unexplained, concealed or undeclared income.