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
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 Extended Last Date for Filling of Income Tax Returns 2019 | FBR extended last date for filling of income tax returns 2019 up to 31st December 2019. It was previously extended up to 16th December by FBR. It’s fourth time that FBR has further extended the date. The reason for FBR’s extension
FBR Has currently extended the date for submission of annual income tax return for the tax year 2019. It’s last opportunity that FBR has given to taxpayers for submission of their tax returns within due date. Submit Your Tax Return Before the Last Date for Submission of Tax Return 16th December 2019 and avoid to
