Finance
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Sales Tax registration: assessment order not needed from new traders
ISLAMABAD (September 24 2003): The Central Board of Revenue (CBR) would not demand Income Tax Assessment Order for the last…
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Short payment not to be basis for audit under USAS
ISLAMABAD (September 24 2003): The Central Board of Revenue (CBR) has decided that short-payment of tax would not form the…
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PTCL posts Rs 23 billion profit
KARACHI (September 25 2003): Pakistan Telecommunication Ltd, (PTCL) said on Wednesday that its profit rose 16.5 percent, to Rs 23.08…
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Facility for large taxpaying units for filing cases against Revenue Board
ISLAMABAD (September 24 2003): The large taxpaying units of Karachi and those operating under Sales Tax House, Karachi, can file…
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Revenue Board clarifies returns filing issues
ISLAMABAD (September 24 2003): Clarifying issues relating to filing of income tax returns, the Central Board of Revenue (CBR) has…
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Tax returns date need not be extended: Revenue Board
ISLAMABAD (September 23 2003): As no trade association, chamber and bar association has demanded extension in the date of income…
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Poultry plants given sales tax exemption
ISLAMABAD (September 23 2003): Giving a major relief to the poultry/livestock industry, the Central Board of Revenue (CBR) has given…
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Subletting of awards to local software companies made mandatory
KARACHI (September 22 2003): The Government of Pakistan has made it mandatory for all public sector institutions in awarding contracts…
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FTO criticises delay in deciding duty drawback claims
ISLAMABAD (September 22 2003): The inordinate delay in deciding duty drawback has been criticised by the Federal Tax Ombudsman Justice…
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Relaxation on income tax returns announced
ISLAMABAD (September 19 2003): The income tax returns filed by taxpayers (Individuals/AOPs) without proper declaration of accounting method or containing…
