Tag: withholding tax
TAX NEWS
FBR Issues Tax Recovery Notices to Salaried Individuals
The Federal Board of Revenue (FBR) has reportedly begun issuing tax recovery notices to salaried individuals, alleging discrepancies in claimed income tax deductions. This...
TAX NEWS
FTO Directs FBR to Scrutinize Less Tax Deduction Certificates by Telecom Companies
In a recent directive, the Federal Tax Ombudsman (FTO) has instructed the Federal Board of Revenue (FBR) to closely examine the issuance of less...
TAX NEWS
CDNS Reduces Profit Rates on Short Term Savings Certificates: December 2024 Update
The Central Directorate of National Savings (CDNS) has announced revised profit rates for Short Term Savings Certificates (STSCs), effective December 2024. These adjustments reflect...