05-Jul-2022: Sales Tax General Order No. 01 of 2023 – Tier-1 Retailers – Integration with FBR’s POS System
04-Jul-2022: Jurisdiction Order: Office of the Chief Commissioner Inland Revenue, Corporate Tax Office, Karachi
30-Jun-2022: S.R.O. 978(I)/2022 – Income Tax Return Forms for Salaried Persons, AOPs, Business Individual and Companies for Tax Year 2022
27-Jun-2022: Sales Tax General Order No. 19 of 2022 – Implementation of Track & Trace System under S.R.O 250(I)/2019 dated 26.02.2019 – Cement Bags
24-Jun-2022: Collection of Duty & Taxes on 29th & 30th June, 2022
04-June-2022: Sales Tax General Order No. 18 of 2022 – Tier-I Retailers – Integration with FBR’s POS System
02-Jun-2022: S.R.O. 729(I)/2022 – Exemption of Sales Tax on Import of Oxygen Cylinder for Medical Purpose
31-May-2022: AEOI Implementation Manual
31-May-2022: Circular No. 01 of 2021-22 – Extension in Deadline Stipulated under section 165B of the Income Tax Ordinance, 2001 read with Rule 78L Chapter XIIA of the Income Tax Rules, 2002
19-May-2022: S.R.O. 597(I)/2022 – Amendment in Rule 74 – Service Documents Electronically
06-May-2022: Sales Tax General Order No. 16 of 2022 – Tier-1 Retailers – Integration with FBR’s POS System
06-May-2022: Saturday as a working day
26-Apr-2022: Sales Tax General Order No. 15 of 2022 – Implementation of Track & Trace System under SRO 250(I)/2019, dated 26.02.2019- Fertilizer Bags
29-Apr-2022: S.R.O. 563(I)/2022 – Amendment in Sales Tax Rules ,2006 (Refund to Agriculture Tractor Manufacturers)
26-Apr-2022: Circular No. 08 of 2022 – Operations (Sales Tax) – Explanation of Important Amendment to Rule 150ZF to Sales Tax Rules, 2006 through SRO. 541(I)/2022 Dated 22.04.2022
25-Apr-2022: Adjustment of Tax Refunds with Tax Liability Notices under Section 221 of the Income Tax Ordinance, 2001
7-Apr-2022: Sales Tax General Order No. 12 of 2022 (Operations) – Input Tax Adjustment to Manufacturers of Oil & Ghee and Steel Melters and Re-Rollers
7-Apr-2022: Sales Tax General Order No. 13 of 2022 (Operations) – Purchases and Supplies Made by Importers, Wholesalers, Dealers and Distributors in Sales Tax Return
07-Apr-2022: Circular No. 13 of 2022 (Income Tax) – Explanation of Important Amendments Introduced in the Income Tax Ordinance, 2001, via the Income Tax (Amendments) Ordinance, 2022
7-Apr-2022: Sales Tax General Order No. 12 of 2022 (Operations) – Input Tax Adjustment to Manufacturers of Oil & Ghee and Steel Melters and Re-Rollers
05-Apr-2022: S.R.O. 489(I)/2022 – Fixation of Value of Steel Products for Sales Tax Purpose
05-Apr-2022: Sales Tax General Order No. 11 of 2022 – Tier-1 Retailers – Integration with FBR’s POS System
08-Mar-2022: S.R.O. 407(I)/2022 – Change in STR-7 Form
31-Jan-2022: S.R.O. 169(I)2022 – Amendment in Sales Tax Rules, 2006
08-Jan-2022: S.R.O. 39(I)2022 – Supersession of S.R.O. 690(I)2019 dated 29th June 2019
16-Dec-2021: S.R.O. 1604(I)/2021 – Change in Rate of Sales Tax on Petroleum Products
News and Views : from April 1, 2021 to June 30, 2021
03-Dec-2021: Sales Tax General Order 6 of 2022 – Tier-1 Retailers – Integration with FBR’s POS System
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

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.

Committee Members 2022

Syed Rehan Hasan Jafri

President

Syed Zafar Ahmed

Vice President

Arshad Ali Siddiqui

General Secretary

Imran Ahmed Khan

Joint Secretary

Irfan Ghafoor

Librarian

KTBA's letters to FBR

25-Jan-2022: Notification No. SRB 3-4/34/2021 Dated December 20, 2021 and Separation of Judiciary

17-Jan-2022: Single Sales Return, Its legality and issues

09-Nov-2021: E-FILING OF APPEALS IN SALES TAX AND FEDERAL EXCISE REGIMES

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

Video Gallery

14-Jan-2022: Webinar on Single Sales Tax Return – IRIS

22-Sep-2021: Professional Discussion on Issues Related to Filing of Return of Income for Tax Year 2021

18-Jun-2021:Post Budget Webinar 2021

28-Apr-2021: Pre-Budget Webinar 2021