Federal Government vide SRO ____(I)/2014 dated 02.05.2014 has made an amendment in Part IV of the Second Schedule of the Income Tax Ordinance, 2001 by inserting a new clause (56B). By virtue of newly added clause provisions of section 148 (Advance tax on imports) shall not be applicable in respect of import of 200,000 metric tons…
Due date, through Circular No. 01 of 2014 dated 28th February, 2014 for the filing of Income Tax returns under amnesty scheme has been extended from 28th February, 2014 to 30th April, 2014.
Due date, through Circular No. 01 of 2014 dated 28th February, 2014 for the filing of Income Tax returns under amnesty scheme has been extended from 28th February, 2014 to 30th April, 2014.
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.
NOTIFICATION (Income Tax) The following amendments/additions have been made by FBR through SRO.17 (I)/2014 dated 07-01-2014: In Part IV of the Second Schedule to the Income Tax Ordinance, 2001, two new clauses (89) and (90) have been added. Clause (89) By virtue of insertion of clause (89) the following category of persons shall not be…
NOTIFICATION (Income Tax) The following amendments/additions have been made by FBR through SRO. 1065(I)/2013 dated 20-12-2013:- In Part IV of the Second Schedule to the Income Tax Ordinance, 2001, four new clauses (85), (86), (87) and (88) have been added. Clause 85: By virtue of insertion of clause (84) through SRO. 1040, the tax payers…
Federal Government has issued SRO 1040(I)/2013 dated 05.03.2013 wherein a new clause (83)has been added in Part IV of Second Schedule of the Income Tax Ordinance, 2001. All taxpayers have been granted immunity from provision of audit for the tax year 2013 subject to the condition that they pay atleast 25% excess tax on their…
NOTIFICATION (Income Tax) SRO. 1035(I)/2013 Newly inserted section 165A by the Finance Act, 2013 makes it mandatory for the bank to furnish the following information:- (a) a list containing information regarding deposits amounting to one million rupees or more during the preceding month; (b) information regarding payments made in respect of credit card exceeding or…
The Federal Board of Revenue has issued Circular No.15 of 2013 (Income Tax) dated 10-12-2013 for the purposes of Proviso to clause (84) of SRO. 1040/2013 dated 05-12-2013 and to specify the Performa to claim exemption/immunity from audit u/s 177 and 214C of the Income Tax Ordinance, 2001. Part I of the Circular specifies the…
NOTIFICATION (Income Tax) The following amendments/additions have been made by FBR through SRO. 1065(I)/2013 dated 20-12-2013:- In Part IV of the Second Schedule to the Income Tax Ordinance, 2001, four new clauses (85), (86), (87) and (88) have been added. Clause 85: By virtue of insertion of clause (84) through SRO. 1040, the tax payers…
