Tag Archives: Inland Revenue
ISLAMABAD: Federal Board of Revenue (FBR) has directed all the offices of Inland Revenue and Pakistan Customs to ensure foolproof security measures and take assistance from local law enforcement.
KARACHI: The Benami law passed by National Assembly has empowered officials of Federal Board of Revenue (FBR) with vast powers in investigating benami transactions.
KARACHI: Federal Board of Revenue (FBR) has directed head of Inland Revenue offices to send clearance certificate along with cases forwarded to headquarters for grant of ex-Pakistan leave and other matters.
KARACHI: The government will seek parliamentary approval for legislation regarding benami transactions next month to prevent tax evasion, officials in Federal Board of Revenue (FBR) said.
KARACHI: The Federal Board of Revenue (FBR) will establish a direct link between data of Pakistan Customs and Inland Revenue (IR) for identifying potential taxpayers.
Finance Act 2016: Commissioner Inland Revenue barred from recovery in appeal cases, taxpayer requires to pay 25pc of due amount
KARACHI: A Commissioner Inland Revenue has been barred from issuing recovery notice to a taxpayer where an appeal has been filed before adjudication. However, this restriction is subject to 25 percent payment of due amount by the taxpayer.
KARACHI: The Federal Board of Revenue (FBR) may take assistance from a team of experts for valuation of property in those cases where commissioner Inland Revenue (IR) believes property value has been declared much lower than fair market value.
KARACHI: Inland Revenue officials have been empowered to recovery amount from a person, who fails to withhold under sales tax laws or fails to deposit the same.
KARACHI: Chief Commissioner of Inland Revenue has been authorized to sanction the reward amount to officials from BS-1 to BS-19 and persons, registered with Federal Board of Revenue (FBR) as informer.