[ad_1] Listen to article KARACHI: President of the Karachi Chamber of Commerce & Industry (KCCI) Jawed Bilwani and Chairman of the Businessmen Group Zubair Motiwala, while strongly criticising the newly enacted Sections 37A and 37B of the Sales Tax Act — which grant sweeping arrest powers to FBR officials — urged the government to immediately repeal these … Read more
[ad_1] ABBOTTABAD: The Abbottabad Bench of the Peshawar High Court (PHC) has granted an interim relief to a group of property owners in connection with a petition challenging the Abbottabad Cantonment Board (ACB) to levy and collect property tax, restraining the Board from sealing the petitioners’ properties and collecting property tax. A constitutional writ petition … Read more
[ad_1] Listen to article The recent Indo-Pak crisis has been temporarily defused by a still fragile ceasefire. Yet, this crisis has major policy implications not only for the subcontinent, but for the world’s two major global superpowers, the US and China, which are locked in increasingly intensive great power competition. The impact of the unfolding great power … Read more
[ad_1] Listen to article The Islamabad High Court (IHC) has ordered the federal government to dissolve the Capital Development Authority (CDA). In a written verdict, Justice Mohsin Akhtar Kayani ruled that the CDA has no legal authority to impose taxes. The court stated that if any individual or institution has been charged by the CDA under the … Read more
[ad_1] ISLAMABAD: The Pakistan Peoples Party has refused to vote in favour of new “draconian” powers for taxman to arrest people in tax fraud cases, resulting in a new round of negotiations between the two key partners of the alliance just hours before the approval of the budget from the National Assembly. On behalf of … Read more
[ad_1] Listen to article ISLAMABAD: A National Assembly panel on Saturday approved special powers for tax authorities to arrest individuals involved in tax fraud, while it deferred the approval of another fiscal law that would have suddenly deprived government entities of their cash surpluses. Meanwhile, teachers and researchers will now be subject to full income tax, as … Read more
[ad_1] ISLAMABAD: Some members of a constitutional bench (CB) of the Supreme Court raised a number of questions with regard to the SC’s powers to ensure “complete justice”. They also asked how non allocations of reserved seats to the PTI could be called a violation of fundamental rights. PTI leader Kanwal Shauzab’s counsel Salman Akram … Read more
[ad_1] The National Assembly Standing Committee on Finance on Thursday directed the Federal Board of Revenue (FBR) to incorporate safeguards before closing bank accounts of unregistered businesses, amid widespread tax evasion and underreporting by businesspeople. The committee, which met here with its chairman Syed Naveed Qamar in the chair, reviewed the FBR's proposed measures to … Read more