SHC Bars FBR from Coercive Action in Capital Gains Tax Case
The Sindh High Court (SHC) has restrained the Federal Board of Revenue (FBR) from taking any coercive measures against a company regarding the payment of capital gains tax on the…
FBR Cracks Down on Wedding Halls for Failing to Collect Taxes from Customers
The Regional Tax Office 1 (RTO-1) Karachi, under the Federal Board of Revenue (FBR), has launched action against four wedding halls for failing to comply with Section 236CB of the…
Punjab to Enforce Heavy Penalty on Non-Banking Property Transactions
The Punjab government has mandated the recovery of a 5% penalty on immovable property purchases made through non-banking transactions under the Income Tax Ordinance 2001. The directive pertains to the…
LHC Issues Notice to FBR Over Disputed Tax Penalty on Late Filers
The Federal Board of Revenue (FBR) cannot legally impose penalties on taxpayers classified under the newly introduced “Late Filers” category, according to tax experts. This category, created through the Finance…
