What is wealth statement? Wealth statement is divided in two parts Statement of net assets Reconciliation of net assets Statement of net assets It is a list of all assets and liabilities [personal as well as business] as at the…
What is Income Tax Return? Income tax return is a summarized form issued by FBR every year. The form is used to fill all the information relating to Income earned during any tax year Expenses incurred to earn that income…
Registration for Income Tax and Sales tax for Association of Person (AoP) and Company is now processed through FBR IRIS facilitation desk. It means one cannot initiate the process directly from e-portal. How to apply new registration for Individual Taxpayer
You must have heard non-filer or filer most commonly used now days, especially if you are in a Bank, Motor vehicle or property registration authority office. Lets talk something about this hot issue.
SRB through its notification no SRB 3-4/10/2016 dated June 28th, 2016 exempt the Services provided or rendered by a contractor of building (including water supply, gas supply and sanitary works), or of electrical and mechanical works (including air conditioning), or…
SRB through its notification no SRB 3-4/10/2016 dated June 28th, 2016, notified that exemption threshold of Rs. 3.6 million is enhanced from Rs 4 million Above exemption threshold is applicable to following services
How to Change Particulars in Income Tax and Sales Tax Challans FBR’s e-portal for preparation of challan experienced a hidden change early at the beginning of this tax year 2016, previously at the time of CPR preparation, the system by…
FBR on January 5th, 2017 carried out balloting of cases for audit. You may search if your case is selected for audit from following files. Download here FED Audit Corporate cases Income Tax Audit Corporate cases Sales Tax Audit Corporate…
Active Taxpayers List (ATL) is published by FBR on its website in compliance of Rule 81B of the Income Tax Rules, 2002, the list is updated every Sunday 24:00 hours.