ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new electronic income tax return form for individuals. The ...

Income Tax Returns, or ITRs, are annual statements that individuals and businesses must file with the Income Tax Department ...

The Federal Board of Revenue (FBR) has issued draft of the electronic income tax return form for individuals and companies.

Freelancing can be notoriously difficult, but a new tax break might make things easier— that is, if you’re already wildly ...

President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, ...

Despite cheers from industry groups, it could take time for the effects of the new tax law to reach the housing market. “The ...

Avoid income tax notices by understanding frequent errors: not reporting all income, incorrect ITR forms, TDS mismatches, unreported foreign assets, false deductions, high-value transaction oversight, ...

ITAT Mumbai held that depreciation of amalgamating company cannot be disallowed merely for non-filing of Form No. 62 which is only directory. Thus, non-compliance of the same would not disentitle the ...

Range reports high earners must pay quarterly estimated taxes if they owe over $1,000, with specific guidelines to avoid ...

A new child tax credit is coming, bringing changes that will alter how much assistance families receive and which families ...

Under the new rules agricultural owners must register them with the Sindh Revenue Board (SRB) using Form AIT-01. Moreover, ...

A provision in the One Big Beautiful Bill Act, recently signed into law by President Trump, will create the country’s first ...