Income Tax dept to launch e-campaign for Advance Tax for FY 2023-24

Mar 10, 2024

The Income Tax Department will launch an e-campaign for the Advance Tax e-campaign for FY 2023-24. Through the e-campaign, persons/entities carrying out significant financial...

Traders in Pakistan refuse to pay 'advance tax'

Sep 13, 2024

The trader community in Pakistan voiced strong opposition towards the Federal Board of Revenue (FBR) team visiting a Lahore market to collect advance tax...

Income Tax dept operationalizes Board for Advance Rulings in Delhi, Mumbai

Aug 19, 2023

Earlier in September 2021, the Central Board of Direct Taxes (CBDT) constituted three Boards for Advance Rulings.

Pakistan: FBR imposes PKR 60,000 monthly advance Tax on Karachi traders

Aug 18, 2024

The Federal Board of Revenue (FBR) has issued a notification to traders in Karachi, demanding them to pay an advance tax of Pakistani currency...

Direct tax collections rise 14.6% to Rs 5.21 lakh crore so far in FY27; advance tax growth at 15.3%

Jun 18, 2026

India's net direct tax collections grew 14.64 per cent year-on-year to Rs 5.21 lakh crore as of June 17 in the current financial year...

Commuters frazzled as Pakistan's petrol pumps run dry

Jul 06, 2024

The petroleum dealers were protesting against the government's decision to impose a 0.5 per cent advance turnover tax which, they say, would result in...