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agricultural income tax | Parliamentary panel proposal for different tax 'codes' for agricultural income slabs

In Assessment Year 2020-21, the finance ministry informed the panel that 2.1 crore reported agriculture income in their returns, of whom 59,707 said their income exceeded Rs 10 lakh

Assessment-year , Agricultural-income-tax , Armers , Arliamentary-panel , Inance-ministry ,

Tax Reforms and the Battle for Pakistan's Future in the 2024 Elections - Institute of Development Studies

Tax Reforms and the Battle for Pakistan's Future in the 2024 Elections - Institute of Development Studies
ids.ac.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ids.ac.uk Daily Mail and Mail on Sunday newspapers.

Pakistan , India , Chennai , Tamil-nadu , Bilawal , Punjab , Nawaz-sharif , Imran-khan , Benazir-bhutto , International-monetary-fund , Investment-facilitation-council , Pakistan-people-party

Daunting fiscal challenges - Opinion - Business Recorder

Since the assumption of power in April 2022, the coalition government of Pakistan Democratic Movement (PDM) has been...

Balochistan , Pakistan , Lahore , Punjab , United-states , Islamic-republic-of-pakistan , Ikram-haq , Muslim-league-nawaz , Abdul-rauf-shakoori , Muhammad-ishaq-dar , Ikram-ijaz , Pakistan-institute-of-development-economics

Industry body hails Assam's budgetary provisions for its tea sector

The Tea Association of India hailed budgetary provisions and announcements made in the Assam budget 2023-24 and said it was strong on capital expenditure, focus on long-term sustainability and will provide a fillip for the tea industry in all sphere.

India , Mukhya-mantri-awaas-yojana , Assam-tea-industries-special-incentives-scheme , Tea-association-of-india , Tea-association , Assam-tea , Agricultural-income-tax , Wage-compensation-scheme , Pregnant-women , Tea-garden-areas , Industry , Ody

Tea Community To be Recognized as STs, Adivasis Will Have Sub-Category Under OBCs

Tea Community To be Recognized as STs, Adivasis Will Have Sub-Category Under OBCs
vervetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vervetimes.com Daily Mail and Mail on Sunday newspapers.

India , Ajanta , Maharashtra , Dipanjal-deka , Bidyananda-barakotoky , Mukhya-mantri-awaas-yojana , Himanta-biswa-sarma , Eastern-tea-association , Tea-association-of-india-assam-chapter , Assam-tea-corporation-limited , Assam-tea-industries-special-incentives-scheme , Mahaprabhu-jagannath-community-hall

Government wagers on improved management of twin deficits for sustainable economy

Government wagers on improved management of twin deficits for sustainable economy
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

Lahore , Punjab , Pakistan , Broad-base , World-bank , Lahore-chamber , Establishment-division , Pak-rupee , Broad-base-low-rate , General-sales-tax , Capital-gains-tax

Online applications for amnesty scheme

Traders can submit online applications for the amnesty scheme announced in the 2021 Budget to settle various tax arrears before the Goods and Services Tax (GST) came into effect.Under the scheme, opti

Kerala , India , Services-tax , Kerala-value-added-tax , Central-sales-tax , Agricultural-income-tax , General-sales-tax , Luxury-tax , கேரள , இந்தியா , சேவைகள்-வரி

Averting fiscal disaster - Daily Times

Daily Times
May 9, 2021
The coalition government of the Pakistan Tehreek-e-Insaf (PTI) is facing fiscal disaster as evident from Summary of Consolidated Federal and Provincial Fiscal Operations, 2020-21, released on May 6, 2021 by the Ministry of Finance, for the first nine months of the current fiscal year. It shows that 37 percent of defence spending is now funded by borrowing. This is a very serious matter but remains unnoticed. It has national security repercussions if remedial measures are not taken.
The total debt and liabilities reached 94 percent of GDP. The impact of mindless borrowing and reckless spending resulted in fiscal deficit of Rs 1.652 trillion in first nine months of the current fiscal year that is 3.6 percent of GDP. Nobody in official quarters has yet highlighted it what to speak of devising a strategy how to deal with debt servicing surged to 62 percent of total revenues (tax and non-tax) of the federal government. It should be kept in mind that Pakistan is enjoying waiver of foreign debt servicing under G20 to which it owed US$ 25.4 billion as on August 31, 2020. Had debt servicing on it was not suspended, the situation would have been totally disastrous. It should also be kept in view that our external debt servicing will remain over US$ 10 billion in the next two years.

Balochistan , Pakistan , Islamabad , Islamic-republic-of-pakistan , Punjab-assembly , National-finance-commission , Pakistan-tehreeke-insaf , Consolidated-federal , Provincial-fiscal-operations , Federal-board , Federal-government

Challenges on the fiscal front | Political Economy

In the wake of the 18th Amendment, fiscal management needs fresh thinking
The Pakistan Tehreek-i-Insaf government is facing grim challenges on the fiscal front as the Summary of Consolidated Federal and Provincial Fiscal Operations, 2020-21, released by the Ministry of Finance on February 3, 2021 for the first six months of the current fiscal year shows. It indicates that a part of defence spending is now funded by borrowing.
This is more than a fiscal fiasco — a serious cause of concern threatening economic viability and national security of the country. The negative impact of mindless and costly borrowing, both external and internal, resulted in a 15 percent increase in debt-servicing, with fiscal deficit reaching Rs 1.4 trillion.

Balochistan , Pakistan , Ministry-of-finance-on , Punjab-assembly , Pakistan-peoples-party , National-finance-commission , Revenue-authority , Pakistan-tehreeki-insaf , Consolidated-federal , Provincial-fiscal-operations , Federal-board