Best Lawyers & Attorneys Karachi Pakistan

Tag: Revenue

  • 12 Billion Rupees Tax matter decided by Supreme Court of Pakistan

    On 10th March 2020, the Honourable Supreme Court of Pakistan decided following Civil appeals with a joint order, in which more than Rs. 12 Billions Revenue was involved. These Civil Appeal were filed against the Order of High Court of Sindh, Karachi. Habib Bank and others Banks filed Constitution Petitions in High Court, same petitions…

  • FBR Whistleblower, Informer of FBR can receive Rupees 5 Millions cash reward

    The Federal Board of Revenue (FBR)’s whistleblower or informer can receive upto 20% of the tax evaded money, as much as Rs. 5 million in cash rewards for the detection of tax evasion. Recently FBR has framed the Inland Revenue Reward Rules 2021, whereby an informer/ whistleblower is entitled to a reward at the rate…

  • Property Valuation FBR State Bank of Pakistan

    The Finance Bill 2016 an amendment to Section 68 of Income Tax Ordinance, 2001 had been proposed under which commissioner Inland Revenue had been empowered to reject the collector value of provincial government and appoint valuation committee to ascertain fair market value to determine the income tax. The amendment seeks to determine fair market value…