S.R.O. 3251-C-IV/2019: 26-Jan-2021: 1095-C-IV/2020 (Modification) modification of Board's Notification No.0779-C-IV/2020 dated 11.05.2020 in respect of Amjad Iqbal Cheema, 25-Jan-2021 Tax collection creaking along Pakistan Today Monday, 01-02-2021, Read more FBR serves notices on 1.4m for not filing returns Pak Observer Monday, 1-02-2021, Read more Dr Baig lauds FBR for surpassing tax target for Jan â21 The News Monday, 1-02-2021, Read more LATEST TAX & CORPORATE NEWS (NATIONAL & INTERNATIONAL) 9 Current News In its notification dated July 30, 2019, the revenue watchdog has exempted tax on annual property rent income (gross) valued at Rs0.2 million and under. Search can be performed on any of these Notification No, Notification Type, Name, Provisional Senionirity List of Auditors(BS-14) Upgraded and Redesignated as Senior Auditor(BS-16), (Retirement of Mr. Syed Tahir Hussain, Second Secretary (BS-17), (Restoration of Performance Allowance of Mr. Mehmood Aslam Butt, Chief (Legal-HR). Restoration of Performance Allowance of Mr. Zaheer Abbas (PCS/BS-18). Relevant teams of FBR shall be responsible to evaluate the documents / information submitted by the firm / vendor. Through aforementioned SRO, FBR has proposed draft amendments to The Income Tax Rules 2002. The draft is open for comments by any person affected by the proposed amendments within 7days of the issuance of the subject notification. The FBR said that persons responsible for paying salary are required to collect tax from employees under Section 149 of Income Tax Ordinance, 2001 at the time salary is actually paid. The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail.. The FBR has received around 3 million income tax returns for tax year 2018 and around 2.75 million for tax year 2019, which would increase due to ⦠In its statement, the FBR said: âThe Income/Statements of final taxation for individuals and Associations of Person for the Tax Year 2019 which were due on 30th September 2019 and extended up to 30th November 2019 is hereby further ⦠ISLAMABAD: The Federal Board of Revenue (FBR) extends the deadline of Income Tax returns till 16th December 2019, The notification issued on Saturday. Every person responsible for paying Salary to an employee shall deduct tax from the amount paid: 1. Search SRONumber Title Issue Date Related To Downloads . Income Tax; Search SRO. The notification No SRO 1160 (1)/2019 shall be applicable for the Tax Year 2019. The FBR on Tuesday issued a circular aimed at explaining important amendments to the Income Tax Ordinance 2001, which were made in the budget for 2019-20. Retirement of Mr. Waheed Ashraf, Appraising Officer (BS-16). NOTIFICATION (Income Tax) S.R.O. 15/2019 to extend the last date for filing income tax returns from October 31, 2019 to November 30, 2019. The rate of tax on the gross amount of rent is as under: âThe holding period for taxation of the capital gain of open plots has been increased to eight years and for constructed properties, to four years,â the notification read. âIn exercise of the powers conferred under Section 214A of the Income Tax Ordinance 2001, the Federal Board of Revenue is pleased to extend the date of filing of Income Tax Returns/Statements for the Tax Year 2019 as under. NOTIFICATION PROCEDURE FOR DEPOSIT OF TAX AGAINST FOREIGN ASSETS UNDER ASSETS DECLARATION ORDINANCE 2019 In partial modification of our notification no. This also included adjustments in income tax ⦠Income Tax Calculator Tax Calculator Pakistan 2019 - 2020. The tax card is updated up to March 09, 2019. A country where less than 1% were paying income tax, it will take FBR time to go after different sectors. FBR exceeds the tax target for the period from July to January of current year; S.R.O101(I)/2021 - Constitution of Alternate Dispute Resolution Committee (ADRCs) S.R.O103(I)/2021 - Imports and Exports at Border Customs Stations; S.R.O79(I)/2021 - Exemption of Cryogenic Tanks (for oxygen gas) COMMENTARY . IJP Selection Mr. Luqman Nasir (IRS/BS-18), Resignation tendered by Mr. Muhammad Yaseen, Inspector (BS-16), MCC, Hyderabad. The initial due date for filing of returns on total income /statement of final taxation, was August 31, 2018 and was extended up to December 15, 2018. According to the official notification, the income tax return last date 2019 is 31st October 2019. NOTIFICATION (Income Tax) S.R.O.117(I)/2019.-In exercise of the powers conferred by sub-section (4) of section 68 of the Income Tax Ordinance, 2001 (XLIX of 2001) and in supersession of its Notification No. The Federal Revenue Board (FRB) issued S.R.O. FBR Foundation ; Virtual One Stop Shop (VOSS) Field Office Websites; State Bank of Pakistan; Securities and Exchange Commission of Pakistan ; Trade Development Authority of Pakistan ; Gwadar Development Authority You can speak to our tax consultants in Karachi and Tax lawyers in Islamabad/Rawalpindi and provide the necessary data i.e. October 31, 2019 (MLN): The Federal Board of Revenue has extended the date of filing Income Tax Returns / Statements for the Tax Year 2019 as under: The date of filing of Total Income / Statements of final taxation for Individuals and Associations of Persons for the Tax Year 2019 which were due on September 30, 2019 and extended up to October 31, 2019 has been extended up to November 30, 2019. 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