In Pakistan’s tax system, a notice under Section 120 of the Income Tax Ordinance, 2001, signifies an important step in the assessment process. Here’s what you need to know: Purpose: […]
The FBR issues various types of tax notices to taxpayers in Pakistan, each serving a specific purpose. Here’s a breakdown of some common ones: Information Requests: Notice under Section 176: Requests […]
A notice under Section 121 of the Income Tax Ordinance, 2001, issued by the FBR in Pakistan, signifies a potential change to your tax assessment for a specific year. It’s […]
Purpose of Section 147: To collect advance tax from individuals and companies during the financial year, instead of waiting for the final assessment after the year ends. This helps ensure timely collection […]
Facing a tax notice can be daunting, but understanding the process and responding strategically can significantly improve your chances of a favorable outcome. This article equips you with key steps […]
Receiving a notice from the Federal Board of Revenue (FBR) can be a stressful experience. But before panicking, it’s crucial to understand why the FBR might issue such notices and […]
Taxation is a necessary part of any society, but it can also be a source of frustration for taxpayers. When taxpayers believe that they have been treated unfairly by the […]
Taxpayers in Pakistan are required to comply with legal obligations related to taxation. The Federal Board of Revenue communicates with taxpayers through tax notices, which play a vital role in […]
Gifts are a common way of expressing love and affection among Pakistanis. However, many people are unaware of the tax implications of gift income. In this article, we will discuss […]
The FBR has set up criteria for the selection of audit cases, and while certain notices might be received by taxpayers from time to time, there are certain key mistakes […]
