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News Others April 4, 2014

July-March fiscal year 2014: FBR raises WHT demand of over Rs 32 billion

Date: April 04, 2014

The Federal Board of Revenue (FBR) has raised withholding tax demand of over Rs 32 billion
during July-March 2013-14, which would result in substantial recovery of billions of rupees
through effective monitoring and audit of withholding agents. Sources told Business Recorder
here on Thursday that the Directorate General of Withholding Taxes had made huge tax demand
of Rs 32 billion against the withholding agents during the period under review.

Direct Taxes Income Taxes March 29, 2014

Amendment in second schedule of Income Tax Ordinance, 2001

SRO Number:           17(I)/2014
SRO Date:                January 13,2014
SRO Relates to:       Income tax
SRO Title:                Amendment in second schedule of Income Tax Ordinance, 2001
Brief Description:     New clauses were added as per sub section (2) of section (53) after clause (88), namely (89) and (90)

 

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