Useful information for businessmen
It is hereby clarified that the data published in the news item of “Daily Express” on 5th December, 2012 associated with the Finance Minister Dr. Abdul Hafeez Shaikh in fact pertains to another taxpayer having the same name bearing NTN No. 0752459-5 belonging to District Sukkur and has no relevance with the data disclosed in…
A delegation from Pakistan’s most premier training institution, the National School of Public Policy (NSPP), Lahore, visited FBR today. 58 senior bureaucrats undergoing the 97th National Management Course were amongst the delegates, led by very senior retired civil servant, Mr Ismail Qureshi Rector NMU, and Dean National Management College (NSPP) Mr. Naeem Aslam. The visiting…
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Federal Board of Revenue has conducted computer ballot for selection of cases for audit pertaining to tax year 2011. The selection has been made on the basis of various risk parameters developed after consultation with all stakeholders. Mr. Zulfiqar Khan, President Pakistan Tax Bar Association pressed the button for selection of cases. Representatives of All…
On the morning of 18th October, 2012 at around 9:00 am, Mr. Zarghem Dil, Superintendent Customs (Preventive), Model Customs Collectorate, Islamabad while on his way to office was shot by two unknown assailants. The two assailants opened fire on his car as he was leaving his house. The bullet pierced through his left arm. He…
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In exercise of the powers conferred under section 214A of the Income Tax Ordinance, 2001, Federal Board of Revenue is pleased to extend the date of filing of Income Tax Returns/Statements for the Tax year 2012 upto 10th October, 2012. (Muhammad Zaheer Qureshi) Secretary (Income Tax Policy)
FBR has directed all Inland Revenue Offices to remain open till 08:00 PM on Saturday 29th September and till 10:00 PM on Sunday 30th September, 2012 to facilitate the taxpayers in filing their Income Tax returns. As requested by the Federal Board of Revenue, the State Bank of Pakistan has issued necessary instructions to authorized…
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The first Quarterly Conference of Intelligence & Investigation (Inland Revenue) was held here today on 17.09.2012 at FBR (HQs), Islamabad. The Chairman FBR, Mr. Ali Arshad Hakeem, while addressing the Conference stressed upon the participants to enhance tax compliance and curb revenue leakages and general non-compliance through concrete and timely information on all sorts of…
Federal Board of Revenue clarifies with reference to a news item published in a section of press on 14-09-2012 that the employees of the Board are allowed performance allowance equal to their running basic pay by the Federal Government. 2.This allowance is admissible irrespective of grades and status of employees. The payment of said allowance…
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The Additional Secretary Revenue Division, Shahid Rahim Sheikh has clarified here today that during meetings with the Federation and the various Chambers, the issue of under invoicing especially with regard to imports from China are repeatedly raised. While the undesirable fact of under invoicing cannot be denied and Pakistan Customs has in the past and…
Federal Board of Revenue has extended the date of filing of the Income Tax returns/Statements for the Tax year 2012 as under: Date of filing of Returns of Total Income through e-portal in case of salaried persons (or a Statement required under sub-section (4) of section 115 of the Income Tax Ordinance, 2001) due on…
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