Chairman Federal Board of Revenue (FBR), shabbar zaidi regained today from his office according to media reports. But chairman FBR Shabbar Zaidi denied the rumors of his resign. He categorically denied the rumors of his resign and told to media in briefing that he is on leave due to his medical health and did not
The low tax rate for traders has been introduced which has brought a good news for traders, up to Rs 100 Million Turnover the government has reduces the minimum tax rate from 1.5% to 0.5%. The Federal Board of Revenue (FBR) introduced special features to highlight the changes to the Income Tax Ordinance 2001 of
Registered Manufacturers Disallowed Sales Tax InPut Tax Adjustment On Sale to Unregistered Buyers About Second Amendment in section 73 of sales tax act 1990. (Registered Manufactures inadmissibility of sales tax input on sale to unregistered buyers above the limits given in amendment). The threshold available in the amended ordinance, provides limitations up to which supplies
FBR further Extended Date for Submission of Annual Income Tax Return 2019 Up To 16th December 2019, Vide circular no 16/2019 dated 29th November 2019. Last date for submission of annual income tax return has been further extended by FBR which was already extended up to 30th November 2019 previously by FBR. The extension in
