Taxation on Builders and Developers

by admin | Sep 13, 2021 | Income tax

A builder or developer has option to be taxed under normal tax regime. However, there is a special arrangement, where builder/ developer can opt for Final Tax Regime, whereby section 100 D and 11th schedule will be applicable. Under this option, following are...

Who is required to file Income Tax Return?

by admin | Sep 12, 2021 | Income tax

Due date for filing of Tax Return:  30 September 2021 (for individuals and AOP) Following persons are required to file the Income Tax Return (only broad information given below): Every Company Every person (other than company) whose taxable income exceeds the...

Taxation on Property Income

by admin | Sep 12, 2021 | Income tax

Income from Property is taxable under normal tax structure and deductions are allowed as expenses as per law and with certain terms including repairs and maintenance, insurance, ground rent, , legal charges, interest charges, admin and collection charges etc. Gross...

Point of Sale Integration

by admin | Sep 7, 2021 | FBR Rules

Are you Tier 1 Retailer, if so, avoid reduction in input tax, penalty and getting seal of Business premises? If you are Tier 1 Retailer, then you must install POS (Point of Sale Software) and integrate with FBR, in order for monitoring, tracking, reporting or...