2024-07-24 18:43:20
(24 News) FBR has announced the income tax rate of 25 thousand 989 markets of 42 cities.
FBR has released a list of income tax rates containing 688 pages. According to SRO, the minimum monthly income tax will be Rs 100 from small shopkeepers, the maximum monthly income tax will be Rs 20,000 from small shopkeepers. It will be calculated on the basis of fair market value, the fair market value will be determined by FBR itself.
Retailers scheme has also been implemented in Abbottabad, Attock, Bahawalnagar, Bahawalpur, Chakwal, Dera Ismail Khan, Faisalabad, Ghotki, Gujarat, Gwadar will also register traders.
Hafizabad, Haripur, Hyderabad, Islamabad, Jhang, Jhelum, Karachi are also included in the list, the scheme has also been implemented in Qasor, Khushab, Lahore, Larkana, Lasbela, Lodhran, Mandi Bahauddin.
Registration is also ongoing in Mansehra, Mardan, Mirpurkhas, Multan, Nankana, Narowal, Peshawar, retailers in Sahiwal, Sargodha, Sheikhupura, Sialkot will also be bound to register, Rawalpindi, Quetta and Rahimyar Khan will also be bound to register. Apart from this, trader-friendly scheme has also been implemented in Sukkur and Toba Tek Singh, according to the notification, the tax will be determined based on the area, size of the shop, temporary kiosks have been exempted from monthly advance tax, SR. It has been implemented from July 1.
2024-07-24 18:43:20