01-Dec-2021: Circular No. 10 of 2021-22 – Operations (Income Tax) – Extension in deadline stipulated under section 21(la) of the Income Tax Ordinance, 2001

09-Nov-2021: E-Filing of Appeals in Sales Tax and Federal Excise Regimes

01-Nov-2021: Circular No. 09 of 2021-22 – Operations (Income Tax) – Extension in Deadline Stipulated under Section 21(la) of the Income Tax Ordinance, 2001

25-Oct-2021: Practical Issues with Respect to Requirements of “Digital Mode of Payment” for Companies

14-Oct-2021: Collection of Duty & Taxes on 15th October 2021

06-Oct-2021: Computational Errors and Technical Issues in Filing of Income Tax Return for the Tax Year 2021

05-Oct-2021: Sales Tax General Order 3 of 2022 – Tier-1 Retailers – Integration with FBR’s POS System

28-Sep-2021: Correction of Computational Errors and Removal of Pre-Fixed Attributes and Formulae in Return of Income Notified for Tax Year 2021

18-Sep-2021: S.R.O. 1225(I)2021 – Change in rate of Sales Tax on petroleum products

17-Sep-2021: S.R.O. 1222(I)/2021 & 1223(I)/2021 – Enhancement of extra rate of tax and exclusion from purview of further tax to Steel and Edible Oil sectors

30-August-2021: Circular No. 5 of 2022 – Foreign Remittances – Exemption

27-Aug-2021: S.R.O. 1073(I)/2021 – Manual Income Tax Return Forms for Individual and AOPS for Tax Year 2021

16-August-2021: Circular No. 4 of 2022 – Finance Act 2021 – Amendment in Section 122 of the Income Tax Ordinance, 2001

09-Aug-2021: Small and Medium Enterprises – Non-Availability of Registration Feature and Simplified Return Forms

03-Aug-2021: Sales Tax General Order No. 01 of 2022: Tier-1 Retailers – Integration with FBR’s POS System

28-Jul-2021: Anomalous Understanding of Section 154A of Income Tax Ordinance 2001 by Banks with reference to Withholding Tax Collection of 1% Income Tax on Export Proceeds From I.T. and I.T. Enabled Services

28-Jul-2021: S.R.O. 952(I)/2021 – Exemption of whole of Sales Tax on import of thirty million adult 3xply knit face masks as donation by M/s Hanes Brands, USA to Government of Punjab

05-Jul-2021: Circular No. 3 of 2022 – Taxation of Cooperative Housing Societies Registered under Cooperative Housing Societies Act, 1925

01-Jul-2021: Circular No. 02 of 2021 – Finance Act, 2021 – Explanation of important amendments made in the Sales Tax Act, 1990 & Federal Excise Act, 2005

01-Jul-2021: Circular No. 02 of 2021 – Finance Act, 2021 – Explanation of important amendments made in the Income Tax Ordinance, 2001

01-Jul-2021: Circular No. 01 of 2022 – Operations (Inland Taxes)

29-Jun-2021: SRO835(I)2021-Insertion_rule_231FA_Procedure_E-Audit

26-Jun-2021: S.R.O. 807(I)2021 – Change in Sales Tax Rates on Petroleum Products

24-Jun-2021: S.R.O. 801(I)/2021 – Capital losses on disposal of securities

14-Jun-2021: S.R.O. 750(I)/2021 – Change in rate of Sales Tax on Petroleum Products

08-Jun-2021: Processing of FASTER – Deferred Refunds – Instruction Regarding

08-Jun-2021:S.R.O. 726(I)/2021 – Change in rates of Sales Tax on Petroleum Products

08-Jun-2021: S.R.O. 725(I)/2021 – Reduction in rate of Sales Tax on Takeaway from Restaurants

04-Jun-2021: Abuse of Section 122(5) “Definite Information” of Income Tax Ordinance 2001

25-May-2021: S.R.O. 589(I)/2021 – Amendment in Second Schedule of Income Tax Ordinance, 2001

24-May-2021: STGO No. 06 of 2021: SOP for enrollment with FBR System of AJK/GB Registered Persons

25-May-2021: S.R.O. 590(I)/2021 – Exempt the import of Oxygen gas, Cylinder, Cryogenic Tanks for Oxygen Gas from the whole of Sales Tax

21-May-2021: Abuse of Section 122(5) “Definite Information” of Income Tax Ordinance 2001

23-Apr-2021: Implementation of NPIs-NCOC’s Decisions dated April 23, 2021

15-Apr-2021: FBR Notification: Creation of Anti Benami Zones

14-Apr-2021: Claim of Input Tax on Services (Provincial Laws) under the Sales Tax Act, 1990

01-Apr-2021: S.R.O. 405(I)/2021 – Multilateral Convention to implement Tax Treaty related measures to prevent Base Erosion and Profit Shifting

07-Apr-2021: S.R.O. 465(I)/2020 – Amendment in SRO 1301(I)/2018, dated 29-10-2018

07-Apr-2021: S.R.O. 453(I)/2021 – Exemption from income tax under clause (75) of Part-1 of the Second Schedule to Income Tax Ordinance, 2001

About Us

On 12th July, 1956, the stalwarts like Mr. Ismail D. Lambat, Mr. H. Shaban, Mirza Adam Khan G, Mr. Ismail Bhimani, Mr. Shaukat Ali Syed, Mr. Ghufran Ahmed, Mr. Masud Ahmed Abbasi, Mr. Mubin Haq Siddiqui, Mr. Y.S. Shaikh and Mr. Silar Shah, founded Income Tax Practitioners’ Association with the object to provide a platform to the tax consultants...

Objectives

Our objectives is to study problems of Accountancy, Audit, and Commercial and Laws affecting Taxation and to keep a close watch on the practical working of the income Tax and other taxation laws. We also look after, safeguard and protect the rights and privileges of the members of the Association.

By Laws

The introduction of By Law of the Association is to keep a close watch on the practical working of the income Tax and other taxation laws.To establish promote and maintain high standards of honesty, efficiency and integrity among the members of the Association in the conduct of profession so as to enhance the status, dignity, prestige and honour of the profession.

Recent Events


	Pre-Budget Webinar 2021
	Professional discussion on issues in respect of DNFBP (Designated Non Finance Business Professions) under FBR
	64th Annual General Meeting & Annual Election 2021
	Professional Discussion on FBR’s Jurisdiction on Designated Non-Financial Businesses & Professionals (DNFBPS)