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Archive for: March 2014

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)   SRO Download

News Others March 29, 2014

FBR Verifying Exemption Certificates

Date: March 29, 2014 The Federal Board of Revenue is verifying authenticity of thousands of exemption certificates used for clearance of imported consignments without payment of withholding tax during July 1, 2013 – January 2014. The FBR issued instructions to field formations here on Friday. The FBR has launched verification of exemption certificates on national […]

Indirect Taxes Sales Tax March 28, 2014

Input tax allowed against provincial laws

SRO Number:       212(I)/2014 SRO Date:            March 26, 2014 SRO Relates to:   Sales Tax SRO Title:             Input tax adjustment allowed against provincial laws Brief Description:  The claim of input related to Provincial Sales Tax on Services is allowed from July 01, 2013 Download SRO