A notice under Section 121 of the Income Tax Ordinance, 2001, issued by the FBR in Pakistan, signifies a potential change to your tax assessment for a specific year. It’s […]
Purpose of Section 147: To collect advance tax from individuals and companies during the financial year, instead of waiting for the final assessment after the year ends. This helps ensure timely collection […]
Understanding Pre-Commencement Expenditure Deductions Starting a business is an exciting journey, but it’s not without its initial hurdles. One crucial aspect to consider is the financial burden of pre-launch expenses. […]
The documents required for tax filing in Pakistan depend on your filing method (online or paper) and whether you’re an individual or another type of taxpayer. Here’s a breakdown: Online […]
Property taxes are an integral part of Pakistan’s taxation system. They are levied on immovable property, such as land, buildings, and other structures, and are a vital source of revenue […]
Navigating the Maze: A Comprehensive Guide to the Second Schedule Exemptions and Tax Concessions in Pakistan The Second Schedule of the Income Tax Ordinance, 2001, plays a crucial role in […]
Tax season in Pakistan can be daunting for individuals, especially those who are filing their income tax returns for the first time. Along with understanding tax laws and regulations, individuals […]
The internet has become an essential part of business in Pakistan. Businesses use the internet to communicate with customers, suppliers, and employees, to conduct research, and to market their products […]
Value Added Tax (VAT), also known as sales tax in Pakistan, plays a crucial role in the country’s tax system. This guide delves into the intricacies of VAT, explaining its […]
