by Raashid Hussain | Nov 22, 2024 | Latest
Another attempt by FBR to take action against un-registered rich people including non-filers and nil-filers, targeting high net-worth individuals.In the first phase, the FBR will issue notices to 5,000 non-filers, with an estimated tax liability of Rs7 billion.These...
by Raashid Hussain | Nov 12, 2024 | Latest
ISLAMABAD: Directorate General of Intelligence and Investigation-Inland Revenue (IR) has prevented revenue loss of over Rs 16 billion by busting gangs/fraudsters using foreign IPs/VPN/Proxy Servers and “VPN/USA based” computer servers for declaring fake carry forward...
by Raashid Hussain | Nov 12, 2024 | Sales Tax
ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 11.854 billion under the head of Worker’s Welfare Fund/Worker’s Profit Participatory Fund in 2023-24 as compared to Rs 10.105 billion, reflecting an increase of 17.3 percent. The FBR’s data revealed that...
by Raashid Hussain | Nov 12, 2024 | Other Taxation
LAHORE: A draft bill to amend the Punjab Agricultural Income Tax 2024 was presented in the Punjab Assembly on Monday. Parliamentary Affairs Minister Mujtaba Shuja-ur-Rehman introduced the bill. Speaker Malik Muhammad Ahmad Khan referred the bill to the relevant...
by Raashid Hussain | Nov 12, 2024 | Law
The Board of Revenue West Pakistan was constituted by Ordinances of 1955/1956 which were replaced by the West Pakistan Board of Revenue Act 1957. On dissolution of the Province of West Pakistan in 1970, it was designated as Board of Revenue Punjab. Source :...
