The Federal Board of Revenue (FBR) in Pakistan recently introduced a set of changes that have streamlined the filing process for taxes, and particularly simplified and made it more equitable for those individuals who do not have a need to…
Islamabad, Pakistan – The government has included in its plans to abolish the non-filer category from the tax laws in order to increase revenue collection and reduce the burden on existing taxpayers. According to recent statements Finance Minister Muhammad Aurangzeb…
Here is the LAT Past Paper held on 04 August 2024. LAT stands for Law Admission Test. LAT is a compulsory test for admission to the 5-year LL.B. This is now a test for students who want to be law…
In Pakistan, professional Charges are typically not directly deducted from your personal income tax return. But in other cases, they may have an indirect effect on your taxable income. In this article, you will learn about professional charges in tax…
In the financial year 2024-25 Pakistani government introduced a new status of “Late Filer” for taxpayers. It is simple means that if any person submit his tax returns after due that his status will become late filer. Earlier, that was…
Taxation is super important for any economy, right? Pakistan is no different. We all have to do our part and follow the tax rules. But even the best of us can mess up sometimes. Lots of people in Pakistan make…
The recent omission of Rule 17-A from Punjab civil servant rules 1974 has sparked widespread concern among civil servants and their families. This rule, which once provided vital employment benefits to the families of deceased or medically retired government employees,…
Income Tax deduction on all the electricity bills is not directly refundable. Whether you are using the electricity under any company like LESCO, GEPCO, MEPCO or K-Electric the deduction of income tax return is still not directly refundable. The section…
If you are a salary person and earns taxable income in Pakistan then filing tax return is a legal obligation for you. To make is simple, if you earn 600,000 per year from your salary whether you are a government…
Government of Pakistan announced budget for 2024-25 financial year. The government revised tax rates for sale and purchase of property. In this financial year government massively increased the taxes on sale of property (section 236c) and purchase of property (section…