Federal Board of Revenue (FBR) exempted overseas Pakistanis from tax on ‘profit on bank deposits’. Exemption Certificate required to provide to the bank to take exemption form tax. The FBR issued an Income Tax Circular Number 6 of 2020 here stating that:(CLICK HERE FOR MORE DETAILS). MORE STORIES: Taxpayers still allowed to file
Schedule of examinations of exams (CAF, AFC, WST) of Institute of Chartered Accountants of Pakistan (ICAP). For Result of ICAP exams Click Here ! RELATED ! CA Pakistan Results
Construction company registration in Pakistan passes through the following steps. Click below links to access the details. 1- Company Registration With SECP 2- Business Registration with FBR 3- Company Registration with Pakistan Engineering Council Related Stories How to register a construction company in Pakistan Registration of construction company as builder and
Free use of foreign currency account outside Pakistan stopped by government. Click below for details: Foreign Currency Accounts Rules. CONDITIONS IMPOSED Important points under foreign currency rules 2020. History / background of foreign currency accounts laws in Pakistan. More: Taxation Of Gifts In Pakistan
Federal Board of Revenue (FBR) extended the last date for filing income tax return up to December 08, 2020. The FBR issued Circular No. 04 of 2020 to extend the date of filing of income tax returns for the tax year 2020. The individuals and association of persons who required to file their income tax
In Recent Budget, section 236I of the Income Tax Ordinance, 2001 changed with an amendment in law. Under this changed law, active tax filers in FBR exempted from tax on educational fees. 5% Advance income tax exempted to add in amount of fees. To Read More (CLICK HERE). RELATED STORIES –How To Become Active
Withholding tax rates on sales made by manufacturers to retailers, wholesalers and distributors revised by FBR. Rates revised through amendment in Finance Act 2020. Revised Sections Under Income Tax Ordinance, 2001 a)- Section 236 G b)- Section 236 H c)- Section 236 HA TO READ MORE (CLICK HERE) RELATED STORIES -Changes in rates of
FBR announced deadline for retail stores to register with point of sale (POS) System to avoid heavy fines and this system will assist to end periodic assessments by the Federal Board of Revenue. It will also help retailers to prepare monthly sales tax returns without much hassle. When You downloads POS Invoicing System, it will
Salient Features of Scheme for Builders and Developers Under Section 100D of Income Tax Ordinance 2001 • Fixed tax regime for builders and developers. • Tax liability computed on the basis of square feet/yard, payable in quarterly installments • New projects as well as existing incomplete project opt for the scheme upto 31.12.2020 • Projects
