NEWS/UPDATES

After the Implementation of Benami Transactions (Prohibition) Rules, 2019, The Federal Board of Revenue (FBR) has clarified that a Benami property means any property which is subject matter of Benami transaction and also includes proceeds from such property.

Benami transaction encompasses where a property is transferred to, or is held…

Read More

Pakistan Customs has surpassed its target by collecting Rs 444 billion in first eight months of the current financial year i.e., July-February 2018-19. Target for collection of customs duty for first eight months was Rs 436 billion, 21% higher than the target for the same period of the previous financial…

Read More

The Federal Board of Revenue has extended the date of filing of Income Tax Returns/Statements for the Tax Year 2018 till 31st March, 2019.

An order issued on Friday says that the date of filing of returns of total income/statement of final taxation which were due on 31st August 2018 and extended…

Read More