Monthly Archives: «February 2014»

201402.28

Extension in date of filing of Income Tax Returns under Prime Minister Amnesty Scheme

by admin in Income Tax

Federal Board of Revenue has extended date of filing of Income Tax returns under the Prime Minister Amnesty Scheme introduced vide under Clause (87) and (88) of Part IV of the Second Schedule of the Income Tax Ordinance, 2001. Now Income Tax returns under these clauses can be filed up till 30.04.2014.

201402.25

AMENDMENTS IN THE SECOND SCHEDULE OF PUNJAB SALES TAX ON SERVICES ACT, 2012.

by admin in Punjab Sales Tax

Punjab Revenue Authority vide its notification No. SO (TAX) 1-1/2013-14 dated 12.02.2014 has made the following amendments in the Second Schedule of the Punjab Sales Tax on Services Act, 2012 (Taxable Services): Services of Construction are liable to standard rate of sales tax (i.e. 16% of the value of services) instead of reduced rate of…