Tax Consultancy Services -TCS

14/09/2020

16/11/2018

Guidance ifgarding 214D is provided for taxpayers facility. For more deatail contact 0334-6681385

16/11/2018

If you have selected for audit due to late filling for tax year 2015,16,17 may avail 214E of ITO till 31-12-2018. If you are salaried individual and haven't business income, or FTR income just apply to commissioner Inland Revenue for closure of audit. If you have paid tax, just further pay 25%of tax paid . If no tax paid then 2% of turnover pay as tax. If no income declared nil income then pay penalty of RS. 20000. After payment apply to commissioner Inland Revenue for closure of audit. For more deatail contact 03346681385

27/07/2018

Salaried individual return filing last date 31 August 2018 For Business individual 30 September 2018. For free consultancy contact 0333-4702856

21/08/2017

FBR has opened the portal for the submission of your tax return for the tax year 2017.
You must consult your Tax Consultant well in time for the submission of your Return before Last date of filing to remain filer and avoid extra tax amount.
Feel free to contact .

28/07/2017

FBR issued Draft of Income Tax Return for AOP for Tax year 2017 via SRO No. 708(I)/2017 dated July 27, 2017

08/07/2017

FBR ISSUES TAX CARD FOR SALARY INCOME DURING 2017/2018

July 8, 2017.
Federal Board of Revenue (FBR) on Friday updated the tax rate slabs for salary income to be applicable during 2017/2018.
The tax is payable by persons making taxable income and to be deducted by employees at the time of salary is paid.

1. Where the taxable income does not exceed Rs, 400,000 0%.

2. Where the taxable income exceeds Rs, 400,000 but does not exceed Rs, 500,000 2% of the amount exceeding Rs, 400,000.

3. Where the taxable income exceeds Rs, 500,000 but does not exceed Rs, 750,000 Rs,2,000+5% of the amount exceeding Rs, 500,000.

4. Where the taxable income exceeds Rs, 750,000 but does not exceed Rs, 1,400,000 Rs, 14,500+10% of the amount exceeding Rs, 750,000.

5. Where the taxable income exceeds Rs, 1,400,000 but does not exceed Rs, 1,500,000. Rs, 79,500+12.5% of the amount exceeding Rs, 1,400,000.

6. Where the taxable income exceeds Rs, 1,500,000 but does not exceed Rs, 1,800,000 Rs, 92,000+15% of the amount exceeding Rs, 1,500,000.

7. Where the taxable income exceeds Rs, 1,800,000 but does not exceed Rs, 2,500,000 Rs, 137,000+17.5% of the amount exceeding Rs, 1,800,000.

8. Where the taxable income exceeds Rs, 2,500,000 but does not exceed Rs, 3,00,000 Rs, 259,500+20% of the amount exceeding Rs, 2,500,000.

9. Where the taxable income exceeds Rs, 3,000,000 but does not exceed Rs, 3,500,000 Rs, 359,500+22.5% of the amount exceeding Rs, 3,000,000.

10. Where the taxable income exceeds Rs, 3,500,000 but does not exceed Rs, 4,000,000 Rs, 472,000+25% of the amount exceeding Rs, 3,500,000.

11. Where the taxable income exceeds Rs, 4,000,000 but does not exceed Rs, 7,000,000 Rs,597,000+27.5%of the amount exceeding Rs, 4,000,000.

12. Where the taxable income exceeds Rs,7,000,000 Rs,1,422,000+30% of the amount exceeding Rs, 7,000,000.

05/07/2017

ایف بی آرکو ، نظرثانی شدہ ہدف میں خسارہ کا سامنا.

ملتان،فیڈرل بورڈ آف ریونیو نے مالی سال2016-17 میں 3400ارب روپے کے ریونیو کی وصولی کی جو نظرثانی شدہ ہدف 3521 ارب روپے سے 121 ارب روپے کم ہے۔

عبوری اعدادو شمار کے مطابق ایف بی آر ٹیکس ہدف کے حصول میں ناکام رہا۔

تاہم حتمی اعدادو شمار آنے پرمجموعی ریونیو میں 40 سے 50 ارب روپے اضافے کا امکان ہے۔

مزید برآں ایف بی آر نے ملازمین کی ہفتہ کے روز کی چھٹی بحال کر دی ہے۔بجٹ ٹیکسوں اور ریونیو اہداف کو یقینی بنانے کے لیے مئی2017 کے وسط میں ہفتہ کے روز کی چھٹی 30 جون تک ختم کر دی گئی۔

یکم جولائی (ہفتہ) ریجنل ٹیکس دفتر ملتان، ماڈل کسٹم کلکٹریٹ، کسٹم انٹیلی جنس اینڈ انویسٹی گیشن، ان لینڈ ریونیو انٹیلی جنس اینڈ انویسٹی گیشن کے دفاتر بند رہے۔

Shamsher Ahmad

05/07/2017

TARIQ PASHA APPOINTED AS NEW FBR CHAIRMAN.

July 3, 2017
The government has appointed Grade-22 Inland Revenue Service officer Tariq Mehmood Pasha, presently posted as Secretary Economic Affairs Division, as Chairman FBR and Secretary Revenue Division.

A notification, in this regard, has been issued by Deputy Secretary Establishment Division Mohammad Hamza Shafqaat on Monday evening, 3rd of July 2017.

New FBR Chairman will assume the charge of his new office tomorrow (Tuesday).

He has the reputation of a disciplined and honest officer.

Federal Finance Minister Ishaq Dar, Ex-chairman FBR Dr. Mohammad Irshad, Ex-FBR Chairman Nisar Mohammad Khan, Chairman National Assembly Finance Committee Qaiser Sheikh, Chairman Senate Finance Committee Saleem Mandiwala, Member Operation Inland Revenue Rehamat Ullah Khan Wazir and Member Human Resource Management Rozi Khan Burki have congratulated him on becoming the chairman.

They hoped the new chairman will achieve the goals set for 2017-18.

The FBR sources told Customs Today that, after assuming the charge as Chairman FBR and Secretary Revenue Division, he will chair a meeting of the Board at the FBR House.

In the Board’s meeting all the members of the Board will brief the new chairman about their sections.

It is also expected that he will address a gathering of the FBR officers.

Shamsher Ahmad

07/05/2017

Tax on educational fee .And credit on that fee as advance tax.

13/03/2017

Here I am trying to provide Free Tax consultancy to visitors to my best of academic knowledge and practical experience...