Pakistan's Finance Minister: China key to Pakistan's digital growth ShowBiz 22:41, 23-Jan-2025 Private enterprises promote rural revitalization in China's Zhejiang Video 19:11, 11-Dec-2024 MORE FROM CGTN Xizang family's photo lights up Spring Festival Gala Video 17:1...
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May 28, 2024·byGalaxy World·0 Notification Extension Date Filing Income Tax Returns 2023 Government of Pakistan, Revenue Division Federal Board of Revenue Inland Revenue issued a Notification on 30-09-2023 in connection with the Extension Date for Filing Income Tax Returns 2023. According to the...
A family is generally regarded as a single tax reporting unit with a single tax identity number (Nomor Pokok Wajib Pajak/ NPWP) in the name of the head of the family (typically the husband). His wife and his dependant children's income must be reported on the same tax return in his ...
The deadline for submitting the FCT return and making the payment is within 10 days of the payment date for both contract types. Tax rates using the direct method There are different tax rates for different categories. Which category a transaction falls into will depend on the nature/scope of...
The issue of withholding tax on banking transactions for non-filers in the budget for next fiscal year (2017-18) need to be reconsidered, the State Bank of Pakistan (SBP) asked the government again in a statement last week. Think better of withholding tax on banking transactions The January...
Despite being the world’s fourth largest cotton producer, Pakistan relies on import of cotton to meet local demand, which is estimated at 15 to 16 million tons per year. Cotton production is expected to be around 11.1 million bales of 170kg each during the 2017-18 crop yea...
Offences & penalties Time frame In cases involving overpayment of tax for a YA, within 5 years from the end of that YA. In cases where there is no tax liability for a YA, within 6 months from the date the return is furnished. Within 5 years after the end of the year the exemption,...
Capital Structure, Firm Size, Profitability, and Tax Avoidance: Investigating the Oil and Gas Industry of Pakistandoi:10.47205/jdss.2024(5-I)39Dhariwal, Ahtesham ul HaqGondal, Naveed MushtaqAnees, AttiyaJournal of Development & Social Sciences (JDSS)...
According to sources, the FBR neglected to install POS systems on the premises of these professional service providers to track their incomes at least in posh areas of the major urban cities. Doctors make a lot of money from private practice and surgeries, but there is no mechanism in place ...