As per apnaqanoon,Employment income exemptions Medical allowance/expenses: Reimbursement of expenses on medical treatment or hospitalization or both received by an employee is exempt from tax. Medical allowance of up to 10% of basic salary is exempt if the facility of reimbursement of medical expenses is not available to the employee
As per apnaqanoon,Pakistan levies tax on its residents on their worldwide income. A non-resident individual is taxed only on Pakistan-source income, including income received or deemed to be received in Pakistan or deemed to accrue or arise in Pakistan
As per apnaqanoon,Pakistan’s Federal Board of Revenue has published the Finance (Supplementary) Act 2023, which received the assent of the President (was enacted) on 23 February 2023. The main measures of the Act include the following, which generally apply with immediate effect: The general sales tax rate is increased from 17% to 18%;
As per apnaqanoon,Salaried person would need to complete the Declaration form 114(I) in order to successfully submit their Income Tax Return. According to fbr law/qanoon persons who are deriving income only from salary and other sources, where salary is more than 50% of Income can avail this form.
As per apnaqanoon,Section 144: Non-resident aircraft owner or charterer (3) The non-resident person shall be liable to pay the tax notified under sub-section (2) within the time specified in the notice and According to law/qanoon,the provisions of this Ordinance shall apply to such tax as if it were tax due under an assessment order.
As per apnaqanoon,Section 114 (2) of IT Ordinance, 2001clearly states that IT return shall be accompanied with a wealth statement as required u/s 116 and under section 116(2), every resident taxpayer [being an individual] filing a return of income for any tax year whose last declared .
As per apnaqanoon,Salaried person would need to complete the Declaration form 114(I) in order to successfully submit their Income Tax Return. According to fbr law/qanoon persons who are deriving income only from salary and other sources, where salary is more than 50% of Income can avail this form.
As per apnaqanoon,An individual needs to ensure that the following information is available before starting e-enrollment. CNIC/NICOP/Passport number. Cell phone number in use. Active e-mail address. Nationality. Residential address. Accounting period. According to law/qanoon,In case of business income. business name. business address. Principal business activity.
As per apnaqanoon,An individual needs to ensure that the following information is available before starting e-enrollment. CNIC/NICOP/Passport number. Cell phone number in use. Active e-mail address. Nationality. Residential address. Accounting period. According to law/qanoon,In case of business income. business name. business address.
As per apnaqanoon,E-Enrollment with FBR provides you with a National Tax Number (NTN) or Registration Number and password. According to fbr law/qanoon In case of individuals, 13 digits Computerized National Identity Card (CNIC) will be used as NTN or Registration Number.