Tag: income tax

Income Tax Return Filing Hits New Record High

The filing of income tax returns has risen to a new record high of 2.76 million as people adhere to the List of registered taxpayers (ATL) in order to avoid 100 percent...

Income Tax for shopkeepers Will be Fixed at Rs20,000 Per Year

For shopkeepers working in a covered area, the federal Revenue Board (FBR) is likely to set Rs20,000 as income tax for each year up to 150 squared feet. A person having shop...

The Government has Reduced Advance Income Tax on Import of Mobile Phones

The FBR suggested the rate of withholding income tax on imports of mobile phones to Rs 730 before the promulgation of Tax Acts (Second Amendment) ordinance for 2019 for mobile phones with...
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