Tayyab Haris & Co- Tax Associate

FBR has issued notices all non filers. Notices are issued to above 7 Lacs persons who are non filers. Non filers are asked to file their tax returns as soon either their mobile sims will be blocked.

Mashriq today 06.12.2023

Filing of tax returns for 2023 started

Tayyab Haris & Co- Tax Associate updated their phone number.

There are news from some districts that revenue staff is charging for paying more taxes than rates mentioned in Finance Act 2022-23 on purchase of property u/s 236K which is totally wrong treatment for purchaser Plz note that tax u/s 236K on purchase of property is 2% for filers and 7% for non filers.

The Federal Board of Revenue has notified about draft of Income Tax Return for Tax Year 2022. Draft has been issued for further any suggestion thereon; It means we now should get ready for filing of tax return in time or may have to face any untoward situation on non filing of tax returns.

Welcome to all here....!

Read more: https://startuppakistan.com.pk/pay-taxes-or-we-will-come-and-get-you-finance-minister-warns-unregistered-taxpayers/

As a sequel to E-Kachehries held regularly to comply with the directions of the Prime Minister of Pakistan, Chairman Federal Board of Revenue (FBR)/Secretary Revenue Division, Dr. Muhammad Ashfaq Ahmed held yet another Weekly E-Kachehri at FBR (HQs) on Friday to listen to the complaints and concerns of taxpayers. This is the fourth week of holding E-Kachehri by the Chairman FBR after he decided to hold it on every Friday to expedite redressal of grievances of taxpayers. He listened to the complaints of the taxpayers and issued on-spot directions for immediate resolution of complaints. He also advised the taxpayers to visit their nearest RTO and Collectorate of Customs for redressal of any problem confronted by them.
The Chairman FBR appreciated the suggestions put forth by the taxpayers and assured them that their valued input would be duly considered for formulation of tax policies and initiatives for taxpayers’ facilitation. He reaffirmed that FBR was making all out efforts to facilitate the taxpayers. The Chairman FBR has already issued specific directions to all Field Formations for according top priority to the grievances and concerns of female taxpayers and those belonging to remote and marginalized areas of Pakistan. Needless to add that the weekly E-Kachehri being held by Chairman FBR on regular basis will not only contribute significantly to the timely redressal of the grievances of taxpayers but it will also keep a strong check on the performance of the Field Formations.
Chairman FBR has already instructed all field formations to resolve the outstanding issues of taxpayers and made it clear that any negligence in this regard will not be tolerated.

Federal Board of Revenue (FBR) has extended the deadline for digital payments by corporate sector stipulated in Section 21 (la) of Income Tax Ordinance-2001 up to 30th November, 2021. FBR has exercised this power conferred under Section 214A of the Income Tax Ordinance-2001 after receipt of various representations filed by the taxpayers.

Read More: https://startuppakistan.com.pk/fbr-sent-tax-notice-to-multans-richest-begger/

Still it's better to file your tax return.......

Tomorrow 15 October 2021 last day in filing of income tax return for 2021

Only 3 days....... File ur tax return

Jumma Mubarak to all...!

A delegation of elected leadership of small traders led by Mr. Kashif Chaudhry, Central President Markazi Tanzeem Tajiran, Pakistan had been in contact with FBR for the last few days. The confusions of small traders, especially with reference to Tax Laws (Third Amendment) Ordinance-2021 were addressed and today as on 26th September (Sunday), the final meeting took place at FBR HQs where both FBR and elected leadership of Markazi Tanzeem Tajiran, Pakistan led by Mr. Kashif Chaudhry accompanied by elected leaders from across Pakistan successfully concluded discussions where all misunderstandings and confusions pertaining to Tax Laws (Third Amendment) Ordinance-2021 were clarified. The decisions agreed were formally announced by Mr. Qaisar Iqbal, Member (IR Operations) FBR and the central leadership of traders in a joint press conference. Member (IR Operations) informed the media that all confusions and misunderstandings of small traders on the Tax Laws (Third Amendment) Ordinance were removed. He thanked the elected leadership of the traders’ community for their understanding and cooperation and also assured them that all issues regarding tax laws and any other confusion shall be clarified by mutual discussions, leaving no space for unfounded propaganda or misinformation spread by irresponsible elements on social media. Mr. Kashif Chaudhry, Central President of Markazi Tanzeem Tajiran, Pakistan on behalf of all representatives of small traders from all over the country who were also present in the press conference, announced to postpone the protest call scheduled for 27th September, 2021.

Member IR Operations categorically stated that POS did not pertain to small traders. While clarifying Section 114B of the Income Tax Ordiance-2001, Member IR Operations further informed that the general public is being misled by vested groups leading to believe that their electricity & gas connections will be disconnected and their mobile phones disabled. He clarified that only those persons who are not appearing on ATL will face this treatment.

While giving Clarification of Sub Section (1A) of Section 235 of the Income Tax, 2001, Member IR Operations stated that the change in rate of advance tax on electricity bill as introduced in the Tax Laws (Third Amendment) Ordinance-2021 will not affect small traders nor any other person who is income tax filer. He further explained that this provision had been introduced for bringing non tax paying “Professionals” in the tax net. He also added that this provision will not affect commercial consumers of electricity.

The delegation representing small traders from across Pakistan was led by Mr. Kashif Chaudhry, Central President Markazi Tanzeem Tajiran Pakistan who was accompanied by Khawaja Shahid Razzaq Sakka, Patron-in-Chief, Markazi Tanzeem Tajiran Pakistan and President, Anjuman Tajiran, Faisalabad, Khawaja Suleman Siddiqui, Chairman, Markazi Tanzeem Tajiran Pakistan, Mr. Sharjeel Mir, Central President Tanzeem Tajiran Punjab, and about two dozen office bearers of Markazi Tanzeem Tajiran from Khyber Pakhtunkhwa, Baluchistan, Sindh and across Punjab. All the trade leaders unanimously announced that they will keep playing their positive role and cooperate with FBR on vital issues related to tax compliance so that the national economy gets strengthened and our beloved country becomes economically self-reliant.