News
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Income Tax department to be divided into eight entities
KARACHI (June 11 2003) : The Income Tax Department will be divided into eight functional departments, each having separate assignment.…
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Bank income from mutual fund debt to be taxed at corporate rate
KARACHI (June 11 2003) : The government has imposed tax on income received by banks from debt or fixed income…
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SBP advises banks to capitalise on reliefs in Budget
KARACHI (June 11 2003) : The Federal Government has accepted recommendations presented by the State Bank to provide tax relief…
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Sales tax department told to decide refund case in 30 days
ISLAMABAD (June 10 2003) : The Sales Tax Department, East, Karachi, has been asked to decide within 30 days the…
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Textile goods drawback extended up to June 2004
ISLAMABAD (June 10 2003) : Keeping intact extraordinarily high duty drawback on textile products as compared to the actual import…
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Machinery import: six industries exempted from paying sales tax
ISLAMABAD (June 10 2003) : To enhance value-added exports in agriculture and livestock sectors, the Central Board of Revenue (CBR)…
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Deloitte Consulting Plans To Double its India Team
Deloitte Consulting plans to double its employee strength in India to 2,000 within the next 18 months to grow its…
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ICAEW sees key role for CAs
The ICAEW in UK insists that chartered accountants are determined to play a central role in a debate about the…
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Report says WorldCom CEO masterminded the $11 bn fraud
The $11bn accounting fraud at WorldCom was implemented and directed by former WorldCom chief financial officer Scott Sullivan, a report…
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Direct tax ratio retained at 32 per cent
KARACHI, June 7: The next year's budget announced on Saturday, retains by and large, the same ratio of direct taxes…
