FBR not to impose penalty, default surcharge for late filing tax returns, payment by December 05
KARACHI: The Federal Board of Revenue (FBR) has announced it will not impose penalty and default surcharge on filing of income tax return and payment for tax year 2014 by…
Pakistan Tax Bar urges FBR to extend income tax return filing date
KARACHI: Pakistan Tax Bar Association (PTBA) has requested the Federal Board of Revenue (FBR) to extend the last date for filing income tax returns up to December 31 in order…
Karachi RTOs to set up counters to receive extension for filing return applications
KARACHI: A delegation of Karachi Tax Bar Association (KTBA) has met with the Chief Commissioners of RTOs and the issues related to filing the applications for extension of time were…
Karachi Tax Bar seeks one month extension for filing income tax return
KARACHI: Tariq Bajwa, Chairman, Federal Board of Revenue (FBR) has been urged to extend the date up to December 31, 2014 for filing of income tax returns as submitting forms…
Nominations for 17th Senior Management Course of BS-19 IRS officers
KARACHI: The Federal Board of Revenue (FBR) has asked the officers (BS-19) of Inland Revenue Services to confirm their nominations for the 17th Senior Management Course. In a notification issued…
Declaration of Assets: FBR chairman approves restoration of performance allowance of 46 IRS officers
KARACHI: Tariq Bajwa, Chiarman, Federal Board of Revenue (FBR) and Secretary Revenue Division has approved the restoration of performance allowance (equivalent to 100 percent of basic pay) of about 46…
General public invited to give suggestions amid falling in world rank for ease in paying taxes
KARACHI: The Federal Board of Revenue (FBR) has invited suggestions from general public to bring changes in taxation system after amid falling in ease of paying taxes gauged by World…
FBR nominates IRS officer (BS-18) for 19th MCMC at NIMs
KARACHI: The Federal Board of Revenue has nominated Inland Revenue Service (IRS) Officers of BS-18 for 19th Mid Career Management Course (MCMC) at NIMs Karachi, Lahore, Peshawar, Quetta and Islamabad.…
No columns for foreign currency in wealth statement: KTBA pinpoints irritants
KARACHI: Karachi Tax Bar Association (KTBA) has pointed out serious irritants in the income tax return and wealth statement forms as it informed Tariq Bajwa, Chairman, Federal Board of Revenue…
KCCI urges FBR to extend last date for filing income tax returns to December 31
KARACHI: Iftikhar Ahmed Vohra, President, Karachi Chamber of Commerce and Industry (KCCI), has urged the Federal Board of Revenue (FBR) to extend the last date of filing income tax return…
FPCCI urges FBR to abolish different tax rates on rental income
KARACHI: Zakaria Usman, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and ECO CCI on Monday said the government can earn more revenue from income tax on rentals…
E-intermediaries unable to use sub-user accounts under IRIS: KTBA informs FBR
KARACHI: The Federal Board of Revenue (FBR) has been informed that e-intermediaries are not able to use sub-user accounts under the new software for filing income tax return for tax…
Karachi Chamber urges FBR to simplify income tax return
KARACHI: Abdullah Zaki, president, Karachi Chamber of Commerce and Industry (KCCI) has urged the Federal Board of Revenue (FBR) to simplify the income tax return. In a statement issued Monday,…
Probation period of IRS officers terminated
KARACHI: The probationary period of Inland Revenue Service (IRS) officers of BS-17 has been terminated after qualifying FPOE from the immediate effect, a notification issued by the Federal Board of…
FBR to extend return filing last date for further one month to October 31
KARACHI: The Federal Board of Revenue (FBR) is going to give further one month extension in filing of income tax return up to October 31, 2014. Sources in Federal Board…
Government constitutes tax reform commission to get business community support
ISLAMABAD: In order to get support of business community during difficult political scenario, the government accepted the demand of trade bodies and formed a tax reform commission to resolve tax…