BlueRibbons Management Consulting -BRMC

The blueribbons Management Consulting is Now Yousaf Siddiqui & Co

FBR has extended the date of Sales tax/FED Return for the month of September, 2019
for Payment upto 22.10.2019 &
filing upto 25.10.2019

FBR has issued notices to all police stations to acquire information about rented residential and commercial properties located in Karachi.

The notices have been sent to SHOs under Section 176 of the Income Tax Ordinance, 2001 to provide the information of rented houses and commercial premises.

The FBR asked the SHOs to provide information of rented agreements including address of premises, rental agreement and type of properties such as commercial or residential.

The notices have been sent by BTB Wing of RTO-II Karachi stating that in terms of Section 176 of the Income Tax Ordinance, 2001, the SHOs are required to furnish such information as may be required by the commissioner Inland Revenue or an authorized person relevant to any tax leviable under the Ordinance.

It further said that as per Section 3 of the Sindh Information of Temporary Residents Act, 2015, the property dealer, landlord and tenant, shall, within 48 hours from the time of delivery of possession of the rented property premises to the tenant, provide information about the tenant to the policy through the fastest means of communication.

The RTO-II asked police to provide required information by June 17, 2019. The tax office also warned of imposing penalty for non-compliance.

TAX YEAR 2013 AUDIT CASES
***********FBR TO HOLD COMPUTER BALLOTING TODAY**********
The Federal Board of Revenue (FBR) will hold a computer balloting on Thursday (September 25) for selection of audit cases up to 12 percent of total returns filed by taxpayers for the Tax Year 2013 (Income Tax)/Tax Period July 1, 2012 to June 30, 2013 (Sales Tax/FED).
The result of the ballot shall be uploaded on FBR's website www.fbr.gov.pk.
Last Year, the Board had selected a total of 41,727 cases for audit without applying any parameter through random computer balloting. The FBR had also issued National Tax Numbers (NTNs) of 41,727 cases selected for audit (Tax Year 2012) through random selection. Five percent of the total return filers were selected for audit on random basis without any specific parameters. The computer ballot selected 5% or 41,727 out of the total 834,563 tax returns filed
for income tax, sales tax and federal excise duty

Federal Board of Revenue, Government of Pakistan Information about Income Tax, Sales Tax, Federal Excise and Customs. It also provided information about all electronic system of FBR, for example e-filing, Taxpayer Registration, NTN Sales Tax Verification

today dated September 20, 2014 blueribbons Management Consulting presented a seminar on Income Tax & Sales Tax E-filling with the collaboration of ICMA Pakistan, which was successfully presented by Mr Sohaib Ahmad Partner in BRMC. this was highly appreciated by students, associate and fellow members of ICMA Pakistan. Thanks a lot to those who support us.................