FBR starts implementing new tax collection system
KARACHI: The Federal Board of Revenue (FBR) has started implementing new Hybird tax collection system to enhance speedy tax collection from July 1, 2016 throughout the country in place of…
Exemption allowed to growers of agricultural produce
KARACHI: The Federal Board of Revenue (FBR) has notified special exemption allowed to growers of agricultural produce. Representatives of flour mills and trade bodies have raised the issue of income…
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,…