WebJan 17, 2024 · Interest income. Interest income of individuals is subject to final tax of 15% where the total income earned in a tax year does not exceeds PKR 5 million. Where the interest income exceeds PKR 5 million, it would be subject to tax at normal slab rates applicable for individual. Income tax withholding in the instant case is fixed at 15%. WebIncome Tax Annual Return: Closure of audit (214 E) Sales Tax With Held: Tax on Immovable Property: CVT on Motor Vehicle: CVT on Foreign Assets (Movable) CVT on Foreign Assets …
Women Account for Just 4.3% of Active Taxpayers in Pakistan
WebJan 17, 2024 · Taxable period. The tax year is 1 July through 30 June. However, tax authorities are empowered to approve a special year-end. Tax returns. All companies are required to file an income tax return each year by 31 December for the preceding financial year (1 July through 30 June) by accounting for business income on an accrual basis. WebJan 17, 2024 · A resident person owning immovable property in Pakistan will be taxed on deemed income for tax year 2024 and onwards. Such deemed income shall be computed as 5% of the Fair Market Value of the immovable property. The rate of tax on such income is prescribed as 20%. This translates into an effective tax at 1% of Fair Market Value of … buy pipe online
Tax Financial News. Tax Calculator. iris FBR. NTN Verification.
WebForm 1040, 1040-SR, or 1040-NR, line 3a, Qualified dividends -- 06-APR-2024. Face masks and other personal protective equipment to prevent the spread of COVID-19 are tax deductible. New Exclusion of up to $10,200 of Unemployment Compensation -- 24-MAR-2024. Health Insurance Special Enrollment Period Through May 15, 2024 -- 08-MAR-2024. WebSep 15, 2024 · The FBR has already clarified that no extension will be made in the last date for filing of income tax returns beyond September 30. This year, the Iris portal was made operational on July 1 in ... WebDec 4, 2024 · In-Active Note: In case you have not yet filed Income Tax Return-2024, please file now. In case you have filed Income Tax Return after due date, please pay surcharge for inclusion of name in ATL. Surcharge rate (IND: Rs. 1,000, AOP: Rs.10,000, COY: Rs.20,000) ALT 1430176742913. buy pipe fittings