Tag: required

Salaried Individuals Income Above Rs400,000 are Required to File Income Tax Returns for 2020

Salaried individuals are not exempted from filing returns if they have discharged their obligations during the past two years, sources said on Tuesday. The sources said salaried individuals driving income above Rs400,000 are...

Banks, Exchange Companies No More Required to Give Details of Remittances Sent Abroad for Education

Federal Board of Revenue (FBR) shall not ask banks and exchange companies to provide details of persons sending remittances abroad related to education. Through Finance Act, 2020, the Section 236R of Income Tax...

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