FBR notifies procedure for income tax audit
KARACHI: The Federal Board of Revenue (FBR) has notified procedures for selection of case for income tax audit vide SRO 131(I)/2016. Board has the authority to exclude any person or…
KTBA seeks audit exemption for return filers on payment of higher tax
KARACHI: Karachi Tax Bar Association (KTBA) has approached Federal Board of Revenue (FBR) seeking immunity from audit for existing taxpayers subject to payment of higher tax as compared with previous…
Rules drafted for selection and conduct of income tax audit
KARACHI: The Federal Board of Revenue has (FBR) has notified draft procedures for selection of conduct of income tax audit. According to the proposed amendments in the Income Tax Rules,…