ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issueddraft formsfor filing income tax returns tax year 2020. The FBR issued SRO 745(I)/2020 and invited comments from stakeholders on thedraft return formswithin seven days from the date of issuance of the draft forms. The FBR issued t...
In case the vehicle owners of above 1000 cc engine capacities fail to file their tax returns within the due date, a penalty equal to0.1%of the payable tax amount will be charged. The maximum penalty in this regard will be 50% of the payable tax amount. The government wants to bring mor...