No extension in tax return deadline: FBR
The Federal Bureau of Revenue (FBR) has said the deadline for the submission of tax returns is not being extended.
Govt urged to give one-month extension for tax returns
The Rawalpindi-Islamabad Tax Bar Association has written a letter to Prime Minister (PM) Shehbaz Sharif, Finance Minister Muhammad Aurangzeb, and Federal Board of Revenue (FBR) Chairman, requesting an extension for filing tax returns until October 31.
FBR’s major announcement regarding tax deduction on Arshad Nadeem’s prize money
No tax will be imposed on the prize money awarded to Arshad Nadeem, says FBR spokesperson. Moreover, income tax or withholding tax does not apply to the rewards given to Olympian Arshad Nadeem, according to the spokesperson. There is no mention of tax on rewards earned in Olympic Games in
Budget 2024-25: Bureaucrats and military personnel gets major relief
The federal government has decided to give major relief to bureaucrats and military personnel in the new budget for the fiscal year 2024-25, even though it introduces new taxes for ordinary citizens. Bureaucrats and military officials, both serving and retired, will not have to pay income tax on the sale
What does Pakistan need to do to get a fresh bailout package from IMF?
Pakistan’s economic managers are currently grappling with three pressing issues to stabilize the economy and achieve growth. Engaging with the IMF To navigate these challenges, the economic managers are actively engaging with the International Monetary Fund (IMF). They aim to convert ongoing discussions into formal talks for a new bailout
