Firms Can Claim Tax on Destroyed Goods
Businesses can claim input tax adjustments on destroyed goods, ensuring compliance with the Sales Tax Act, 1990, and protecting their financial interests. Legal Position on Input Tax Adjustment The sales […]
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Understanding Withholding Tax on Online Marketplaces and Advertising
Learn how withholding tax applies to online businesses & digital ads. Understand prescribed persons, tax deductions, and compliance strategies effectively.
Who Can Speak for You? Taxpayer Representation Explained
Learn about taxpayer representation rules, authorized representatives, restrictions, and professional conduct under the Income Tax Ordinance.
FBR to Charge Extra Sales Tax for Non-ATL Electricity Consumers
FBR updates tax rules for non-ATL utility consumers, applying extra sales tax on electricity & gas bills above Pak Rs. 15,000 to boost tax compliance.
How to Calculate Tax on House Rent Allowance (HRA)?
Understanding how to calculate salary tax is crucial, especially when factoring in additional allowances such as house rent and a company-maintained car. Many individuals find it confusing when multiple components […]
Salary Taxation & Allowances – What Employees Need to Know
Learn how salary is taxed in Pakistan, including rules on bonuses, allowances, deductions, and exemptions. Understand key taxation laws and calculations.
Public Servants are Bound to Keep Taxpayers Data Confidential
The disclosure of information by a public servant is a crucial aspect of governance, ensuring the confidentiality of sensitive data while allowing limited and necessary disclosures under specific conditions. Section […]
Good News for the Property Sector – Tax Relief and Updates on Late Filer Taxation
Discover major tax relief for the property sector, updates on late filer rules, and proposed reforms to simplify taxation and boost real estate activity.
FBR’s Power to Call for Records – A Detailed Analysis
Learn how the FBR can review tax decisions, correct errors, and ensure fairness while providing safeguards for taxpayers. Find out more about the review process.
Seeking Relief from Time Limits for Tax Appeals
Section 214A of the Income Tax Ordinance provides an important provision that allows the Federal Board of Revenue (FBR) to exercise discretion and condone the time limits specified for the […]