If you get a notice, make sure to file your I-T return or face scrutiny

[ad_1] MUMBAI: If a taxpayer does not file an Income-tax (I-T) return in response to a notice under section 142(1), the case will be picked up for scrutiny. This notice, seeking information, is issued when a taxpayer has not filed the tax return or is issued to seek additional preliminary information regarding a particular detail … Read more

Finance Minister stresses need to enhance Tax-to-GDP ratio

[ad_1] Federal Minister for Finance and Revenue, Muhammad Aurangzeb has highlighted the importance of devising strategies to enhance Tax-to-GDP ratio and broaden the tax base to maximize revenue collection. The Minister made these remarks during a visit to the Federal Board of Revenue (FBR) Headquarters in Islamabad today. The Minister called for making all-out efforts … Read more