US
Major business processes of PRA including registration, return filing and tax payments, all are fully automated
Move will encourage investment in long-term debt securities
IMF’s bailout programme, delayed licence fee payments by telecom operators among others provide relief
Deadline to file income tax returns for individuals and companies has been extended to December 31, 2019
Increase in income tax liabilities dampens raise of 5-10% in salaries
Increase in rates and new slabs means tough time ahead of middle class
Petitioner challenges notice issued to collect tax retrospectively
Proposes simplified tax regime to bring the sector under tax net
Minister of State for Revenue Hammad Azhar announced the decision of exempting salaried persons
Last date for filing income tax returns till November 30, 2018