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News Flash
Workshop on Responsibilities of a Taxpayer
under Federal & Provincial Sales Tax Laws

April 08, 2015
Movenpick Hotel, Karachi

April 21, 2015
Hospitality Inn, Lahore
Click here for more details


Writ Petition No. 19821/2013 (M/s Soneri Bank LTD. Vs. Federation of Pakistan ETC.)
Honorable Lahore High Court Judgment said that information required u/s 165A by the bank to FBR is not unconstitutional. So, banks are bound to provide information of Non-NTN Holders and Non-Filers to FBR on monthly basis.
Click here to view


چیئر مین ا یف بی آر نے مس کنڈ کٹ پر گر یڈ 18کے ا فسر کو بر طر ف کر د یا ۔
Daily Express
Wednesday, 01-04-2015, Read more


Meeting discusses proposals relating to next budget
The Nation
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Excise seizes documents of 117 vehicles including Punjab assembly Car
Customs Today
Wednesday, 01-04-2015, Read more


Sanitary ware traders to protest against Income Tax Department
Customs Today
Wednesday, 01-04-2015, Read more


FBR decides to probe Ayyan Ali’s travelling history
Customs Today
Wednesday, 01-04-2015, Read more


FBR intelligence forms teams to control illegal flow of electronic devices
Customs Today
Wednesday, 01-04-2015, Read more


Customs PCA sends letter to M/s Warid Telecom to pay evaded duty/taxes amounting Rs 70 million
Customs Today
Wednesday, 01-04-2015, Read more


Petty conditions for de-notification of performance allowance cost millions to FBR officials
Customs Today
Wednesday, 01-04-2015, Read more


Brazil ready to raise taxes as austerity drive falls short
Business Recorder- World
Wednesday, 01-04-2015, Read more


FBR to recover over Rs 18 million tax from supermodel
Business Recorder
Wednesday, 01-04-2015, Read more


July-March period: provisional tax collection stands at Rs 1.76 trillion
Business Recorder
Wednesday, 01-04-2015, Read more


'Directorate of Customs Valuation trying to facilitate commercial importers'
Business Recorder
Wednesday, 01-04-2015, Read more


UNODC, Customs hold seminar on e-learning
Business Recorder
Wednesday, 01-04-2015, Read more


GST on HSD reduced by 5 percent
Business Recorder
Wednesday, 01-04-2015, Read more


LATEST TAX & CORPORATE NEWS (NATIONAL & INTERNATIONAL)
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Old news April 08 to March 31, 2015
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Income Tax Updates - Notifications
Home >> Income Tax >> Updates >> Notifications
Year :   Display Count :   Sorting By:   
SRO # Date Title  
248(I)/201527-Mar-2015Amendment in Second Schedule of Income Tax Ordinance, 2001View
235(I)/201518-Mar-2015Amendment in Second Schedule of Income Tax Ordinance, 2001.View
176(I)/201527-Feb-2015Amendment in Income Tax Rules, 2002. Validity of Active Taxpayers List published for financial year 2013-14 has been extended upto 20th March, 2015. Active Taxpayers List for Financial year 2014-15 to be published by 21st march, 2015.View
161(I)/201523-Feb-2015Amendments in Income Tax Rules, 2002 for the computation of Capital Gain Tax under 8th Schedule to the Income Tax Ordinance, 2001 in respect of Foreign Institutional Investors etc. Brief Description: By way of an amendment through Finance Act, 2014, exemption to Foreign Institutional Investors(FIIs), from the application of Eighth Schedule to the Income Tax Ordinance, 2001, was withdrawn. Therefore, now these FIIs are subject to withholding tax provisions through a mechanism prescribed in Eighth Schedule to the Income Tax Ordinance, 2001, for computation and collection of capital gains tax (CGT) through National Clearing Company of Pakistan Limited(NCCPL). With the above changes, certain amendments in Income Tax Rules, 2002 were also required, so that proper mechanism for computation, determination and collection of CGT may be prescribed for Foreign Institutional Investors. Through the present SRO the said amendments have been made in the rules, for the above mentioned purpose.View
136(I)/201513-Feb-2015SRO 136(I)/2015 issued increasing withholding tax rates for Non- Filers in respect of imports and services under sections 148 and 153 (1)(b) respectivelyView
115(I)/201509-Feb-2015Federal Board of Revenue is pleased to confer upon the officers of the Directorate General (Intelligence and Investigation), Inland Revenue .....View
30(I)/201514-Jan-20152% tax to be collected from Non-Filers at the time of registering or attesting transfer of immovable propertyView

 

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