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FBR to freeze bank accounts without warning

FBR logoISLAMABAD: Federal Board of Revenue on Monday revoked the clause that made it mandatory for taxmen to warn defaulters 24 hours before. ....

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FBR will no longer warn taxpayers before freezing their accounts

Business community says move will prove to be a setback for ease of doing business in Pakistan ....

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KTBA for fixing technical issues in online returns filing

KTBA for fixing technical issues in online returns filing
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 High Court , Muhammad Ashfaq Ahmed , Karachi Tax Bar Association , Federal Board , Muhammad Zeeshan Merchant , Income Tax Ordinance ,

KTBA identifies 12 issues in FBR's web portal for fast resolution

KTBA identifies 12 issues in FBR's web portal for fast resolution
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

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Tax bar concerned over delay in FBR forms

Tax bar concerned over delay in FBR forms
Business
December 29, 2020
KARACHI: Karachi Tax Bar Association (KTBA) on Monday expressed concerns on the delay in issuance of form for updating taxpayersâ profile, as only three days remain to comply with the mandatory requirement.
The Federal Board of Revenue (FBR) added section 114A to Income Tax Ordinance, 2001 through Finance Act, 2020, which made it mandatory for taxpayers to update their profile by providing information including bank accounts, utility connections, business addresses, type of businesses etc.
It has been made mandatory to update profile by December 31, 2020. Further, as per the ordinance on failure to update profile, the taxpayers are required to pay a penalty of Rs2,500 for each day of default from the due date, subject to a minimum penalty of Rs10,000. ....

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