Fillling Return

FBR

The Critical Nature of Timely Statutory Return Filing

The Critical Nature of Timely Statutory Return Filing Timely statutory return filing is a critical obligation for businesses of all sizes and across all industries. It involves submitting financial reports, tax returns, and other mandatory documents to relevant government authorities within prescribed deadlines. Failure to comply with these requirements can result in significant penalties, reputational […]

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FBR

Understanding the Significance of Filing Your Return: A Guide to Section 114B Notice in Pakistan

Understanding the Significance of Filing Your Return: A Guide to Section 114B Notice in Pakistan Introduction: Filing income tax returns is a fundamental responsibility of every taxpayer in Pakistan. The Federal Board of Revenue (FBR) has introduced various measures to encourage compliance with tax laws and regulations. One such measure is Section 114B, which empowers

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FBR

 A Step-by-Step Guide to Filing Your Annual Corporate Return

   A Step-by-Step Guide to Filing Your Annual Corporate Return Introduction Filing your annual corporate return is an essential responsibility for businesses around the world. This annual report provides vital information about your company’s financial health and operations to the relevant government authorities. In this blog, we’ll walk you through the process of filing your

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The Pros and Cons of Different Tax Filing Methods: E-Filing vs. Paper Filing

The Pros and Cons of Different Tax Filing Methods: E-Filing vs. Paper Filing  Introduction: Tax season is upon us, and one of the crucial decisions you’ll need to make is how to file your tax return. The two primary methods are electronic filing (e-filing) and traditional paper filing. Each approach comes with its own set

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Income from Salary

Salary: SALARY AND ITS COMPONENTS ·         Income from Salary Model: Benefits received from Employer ·         No Deductions are allowed. Employment Relation “Employee” means any individual engaged in employment. “Employer” means any person who engages and remunerates an employee. “Employment” includes: • a directorship or any other office involved in the management of a company. •

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Tax Deductions Available for Pakistani Taxpayers

Tax Deductions Available for Pakistani Taxpayers

Tax Deductions Available for Pakistani Taxpayers Introduction Tax deductions are an essential aspect of any country’s tax system, including Pakistan. They provide taxpayers with opportunities to reduce their taxable income, ultimately resulting in lower tax liabilities. Understanding the available tax deductions can help individuals and businesses make the most of their financial planning while staying

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Income Tax Filing: A Step-by-Step Guide

Income Tax Filing: A Step-by-Step Guide Introduction Income tax filing can seem like a daunting task, but with the right guidance, it can be a manageable and even rewarding process. Whether you’re a first-time filer or a seasoned taxpayer, understanding the steps involved in income tax filing can help you navigate the complexities of the

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