Latest Updates

26-Jan-2021: S.R.O. 99(I)/2021 – Import of Wheat

21-Jan-2021: Ordinance No. II of 2021: Promulgation of Ordinance for Extension of Construction Package through Income Tax (Amendment) Ordinance, 2021

26-Jan-2021: S.R.O. 96(I)/2021 – Amendments in Sales Tax Rules, 2006

Professional Discussion on FBR’s Jurisdiction on Designated Non-Financial Businesses & Professionals (DNFBPS)

01-Jan-2021: Circular No. 08 of 2020: Extension in Date of Furnishing of Taxpayer’s Profile under section 114A of the Income Tax Ordinance, 2001

29-Dec-2020: Press Coverage: Taxpayer’s Profile – Section 114A of the Income Tax Ordinance, 2001 – Prescribed Form is Still Awaited

24-Dec-2020: Collection of Duty and Taxes on December 31, 2020

22-Dec-2020: Circular_No.07_2020_Clarification_regarding_Tax_Rate_under_section_151_IT.pdf

16-Dec-2020: S.R.O. 1341(I)/2020 – Draft Amendments in Income Tax Rules, 2002 regarding Taxpayer Profile

15-Dec-2020: SRB Tribunal, Winter Vacation & Court Timings

10-Dec-2020: S.R.O. 1318(I)/2020 – Amendment in Jurisdiction

09-Dec-2020: Clarification Circular No. 06 of 2020: Deduction – Profit on Debt on Non Resident Recipients

09-Dec-2020: S.R.O. 1316(I)/2020 – Simplified Income Tax Return for manufacturers having turnover less than Rs. 500 millions

09-Dec-2020: S.R.O. 1315(I)/2020 – Amendment in Chapter XII for rules 76 to 760 of the Income Tax Rules, 2002

09-Dec-2020: S.R.O. 1314(I)/2020 – New insertion Chapter XVIB in the Income Tax Rules, 2002 regarding Refund Rules

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)

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.

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