Govt issues ordinance to exempt FIIs from capital gains tax on Government Securities

Jun 05, 2026

The Centre has promulgated the Income-tax (Amendment) Ordinance, 2026, granting tax exemption to Foreign Institutional Investors (FIIs) on capital gains and interest income arising...

Pakistan telecom operators agree to block SIMs of tax evaders

May 12, 2024

The understanding was reached after the Federal Board of Revenue (FBR) held crucial meetings with the Pakistan Telecommunication Authority (PTA) and telecom operators to...

Centre waives tax on FIIs' government bond income to attract long-term foreign capital

Jun 05, 2026

The Centre on Friday promulgated the Income-tax (Amendment) Ordinance, 2026, exempting Foreign Institutional Investors (FIIs) from paying tax on interest income and capital gains...

Centre introduces Taxation and Other Laws (Amendment) Bill in Lok Sabha, proposes fresh tax exemptions, investment-friendly reforms

Aug 04, 2026

The Central government on Tuesday introduced the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha, proposing a series of tax changes...

Taxpayers aged between 18 to 35 years filed 2,09,06,829 ITRs till Jan 31: Centre

Feb 07, 2023

As per Income-tax Act, 1961, tax is calculated and collected based on total income returned in Income tax Returns (ITR).

Income tax employees call for boycott of Income Tax Day celebrations

Jul 23, 2025

Income tax employees across the country will boycott the official Income Tax Day celebrations on July 24, as part of an escalating protest against...