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TAX NEWS

Good News for Full-Time Teachers: FBR Slashes Tax on Paper Checking Fees

In a significant move for government-employed teachers in Pakistan, the Federal Board of Revenue (FBR) has introduced a new directive that promises substantial tax...
TAX NEWS

Section 75A of Pakistan’s Income Tax Ordinance: Why Cash Isn’t King for Big Purchases Anymore

Imagine buying a shiny piece of gold worth over a million Rupees with cash, thinking you’ve scored a great deal—only to find out later...
INCOME TAX

Maximizing Tax Deductions: Using the FBR Calculator to Lower Your Liability

Tax season presents an excellent opportunity to legally reduce your tax liability by leveraging available tax credits under Pakistan’s Income Tax Ordinance, 2001. The...
INCOME TAX

Profit on Debt under Pakistan’s Income Tax Ordinance– Calculator

Profit on debt refers to any interest, yield, or return earned on financial instruments, loans, bonds, or deposits. In Pakistan, the Income Tax Ordinance,...
INCOME TAX

Comprehensive Guide to Section 7B: Taxation of Profit on Debt under Pakistan’s Income Tax

The Federal Board of Revenue (FBR) in Pakistan has introduced significant changes to the Income Tax Ordinance, 2001, particularly with the incorporation of Section...

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