Tag: FBR

FBR) decided take action for providing false information in their tax

FBR) decided take action for providing false information in their tax

The Federal Board of Revenue (FBR) has decided to take action against individuals identified for providing false information in their tax returns, a news source reported. The authorities have ascertained that some realtors, in order to avoid taxes,had submitted their returns under the ‘agricultural landlord’ category, instead of as builders. This practice, reportedly, has caused […]

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Securities and Exchange Commission of Pakistan

SECP allows foreign investors higher shareholding in PSX

The Securities and Exchange Commission of Pakistan (SECP), the apex regulator, has given the go-ahead for increasing the shareholding of foreign portfolio investors in the Pakistan Stock Exchange (PSX). Foreign individual and institutional investors may now buy, hold or trade PSX stocks up to a maximum 20% of outstanding shares estimated at around 800 million. […]

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Government decided to use National Database to detect tax evaders

Government decided to use National Database to detect tax evaders

The government has decided to use the data pool of the National Database and Registration Authority (NADRA) to detect tax evaders. “The data of persons registered with NADRA will be available next month. Evaders, we are coming after you. You will have to pay tax,” said Finance Minister Asad Umar, while addressing leaders at the Islamabad […]

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property agents asked to submit professional tax

property agents asked to submit professional tax

The Excise and Taxation (E&T) Department has notified over 300 property agents in the city to submit their professional taxes – a news source reported  by Pak Villas. The department has tasked Excise and Taxation Officer (ETO) Muhammad Sameer with recovering the dues within three months’ timeframe. Notices to this effect were issued recently to the […]

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Buyers of expensive properties to be investigated

Buyers of expensive properties to be investigated

The Federal Board of Revenue (FBR) has identified at least 2,000 transactions pertaining to upscale properties in the city – a news source reported. A meeting to this effect took place at the board’s Regional Tax Office (RTO) on Saturday. Officials of the Broadening of Tax Base (BTB) wing briefed FBR Chairman Jahanzeb Khan on […]

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295 housing societies have been declared illegal

295 housing societies have been declared illegal

With the completion of a forensic audit in Khyber-Pakhtunkhwa, 295 housing societies have been declared illegal. The audit report revealed that there were only 36 societies registered as cooperative and 43 as private housing societies. On the public complaints, NAB has launched investigations against 17 societies so far and arrested eight accused persons. Only eight […]

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LDA has published this list of all warned sponsors and dealers to stop advertising and dealing

LDA has published this list in all major newspapers page 1  , Page 2 and warned the sponsors and dealers of illegal housing projects to stop advertising and dealing such projects immediately, otherwise, LDA reserves the right to initiate legal action against them. We are listing the housing schemes as per their status, and location. Some […]

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Government has raised the annual licensing fees of shops

Government has raised the annual licensing fees of shops

The government has raised the annual licensing fees of shops located across the federal capital, a news source by Pak Villas. Notifications of the increase have been issued to the shopkeepers concerned. The notices state that the licensing and permission to conduct businesses falls under the Punjab local government, according to the Punjab Local Government […]

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