Property rental income taxed
ISLAMABAD: The federal government has imposed income tax on income derived from rental property on both individuals and association of persons. According to the proposals made in finance Bill 2016,…
Railways Division allocated Rs 41,000 m for 43 dev projects
ISLAMABAD: The Federal Government has allocated Rs 41,000 million for executing 43 development projects of Railways Division in the Public Sector Development Programme (PSDP) for the fiscal year 2016-17 which…
Water projects get Rs 31,716.370
ISLAMABAD: Rs 31,716.370 million have been allocated by the federal government for various ongoing water schemes and new projects under Public Sector Development Programme (PSDP) for next fiscal year 2016-17…
SHC declares taxing services is provincial domain, declares Federal Excise Act ultra vires after 18 th amendment
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Malik Gaddi declared the Federal Excise Act as ultra vire of the Constitution…
IHC orders government to appointment Chairman, Members Appellate Tribunals afresh
KARACHI: Justice Athar Minallah of Islamabad High Court allowing four identical constitution petitions ordered the Federal Government to forthwith take appropriate measures and initiate the process for making fresh appointments…
Double duty demand against ship case adjourned until March 03
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Irfan Saadat Khan and Justice Zafar Ahmed Rajput on Thursday adjourned hearing of a constitution petition filed by…
SHC full bench adjourns hearing issue of making federation respondent in all cases
KARACHI:-A full bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi, Justice Muhammad Junaid Ghaffar and Muhammad Iqbal Kalhoro adjourned hearing of a question arising out of…
Duty/tax relaxation on sale of duty-free imported vehicles increased
KARACHI: The Federal Government has increased the limit of deduction allowed in the value of vehicles to arrive at the taxable amount in case of vehicles imported duty-free by a…