The Punjab government reformed its tax system of properties in 2025, changing it from one based on rental value to one based on the rates confirmed by the District Collector (DC). This important reform is to improve transparency, make taxes easier to calculate, and make property valuations closer to the reality of the real market. […]
A Section 147 notices from the Federal Board of Revenue (FBR) can be quite stressful, but being prepared for what this entails and knowing what to do can certainly help ease the situation. Tax laws are something you need to know no matter whether you own or run a business, are a freelancer, or are […]
Taxpayers in Pakistan may find the situation of getting an Advance tax notice under Section 147 issued by the Federal Board of Revenue (FBR) overwhelming. Upon receiving such notices, many business owners and salaried people become nervous about legal entanglements or high costs. Nevertheless, being able to handle this notice properly can prevent you from […]