FBR’s Tax Recovery Notices to Salaried Individuals Under Scrutiny
FBR’s tax recovery notices to salaried individuals raise legal concerns. Experts urge accountability for employers, not employees. Learn more here.
How FBR Recovers Tax If you Ignore Tax Notices?
The failure to pay taxes has serious repercussions, triggering a robust recovery process enforced by Inland Revenue (IR) officers. Under the Sales Tax Act, 1990, the IR possesses extensive powers […]
FBR Targets Taxpayers Filing Nil Returns
The Federal Board of Revenue (FBR) has implemented a new law targeting individuals who file nil tax returns, aiming to curtail the misuse of the tax system and ensure compliance. […]
Understand the Penalties for Not Filing Your Income Tax Return
Failure to file a tax return or provide the necessary wealth statements within the due date can lead to significant fines under tax laws. Here’s a detailed explanation of the […]
FBR’s New Audit Tool Targets Businesses Using Fake Sales Invoices
The Federal Board of Revenue (FBR) has unveiled a groundbreaking initiative aimed at curbing tax fraud and enhancing transparency in business transactions. In a recent press conference, the FBR Chairman […]
How Much Cash You Can Deposit and Withdraw Without Trouble?
The recent press conference by the FBR chairman sheds light on significant developments in Pakistan’s tax system aimed at identifying and addressing non-filers. A strict system of checks has been […]
Non-Filers Earning Bank Profits are on FBR Radar
The Federal Board of Revenue (FBR) of Pakistan has implemented a focused action plan to address non-compliance among individuals earning substantial profits from bank deposits. This plan, which targets those […]
Don’t Buy Property on Cash: A Guide for Pakistani Property Buyers
Section 75A of the Income Tax Ordinance has brought significant changes to the property buying process in Pakistan. As a Pakistani property buyer, it is essential to understand the implications […]
Is Advance Tax Applicable on Behbood Saving Certificates?
In recent developments, the Federal Board of Revenue (FBR) has started issuing notices regarding advance tax payments to individuals, businesses, and associations of persons (AOPs). This includes notices for advance […]
Can a Dead Person Be Asked to File an Income Tax Return?
In Pakistan, there can be situations where the Federal Board of Revenue (FBR) asks for an income tax return to be filed, even for a person who has passed away. […]