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

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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.

Our Committee Members