Income Tax Articles

income tax

Fbr Circular 07 2026 Section 7F 236C Exemption

FBR Circular 07 (2026) allows builders and developers under Section 7F to apply for exemption from Section 236C …

Apr 04, 2026 Read →

income tax

Capital Gain Tax Reduction 9A Second Schedule ITO-2001

Government employees and Armed Forces personnel can claim 50% to 75% reduction in Capital Gains Tax on first …

Mar 03, 2026 Read →

income tax

Section 236C Exemption Advance Tax Immovable property

Armed Forces personnel, Shaheed families and government employees can claim exemption from Section 236C advance tax on first …

Mar 01, 2026 Read →

income tax

purchase of assets through banking channel or digital means

Section 75A ITO 2001 requires property above Rs. 5 million and other assets above Rs. 1 million to …

Feb 27, 2026 Read →

income tax

Benefits of Being Tax Filer in Pakistan

Discover the real financial benefits of being a tax filer in Pakistan. Filers pay 4.5% vs 11.5% on …

Feb 23, 2026 Read →

income tax

Joint Bank Account Profit on Debt Tax Pakistan

Under Section 151 ITO 2001, filers pay 20% and non-filers pay 40% tax on bank profit. For joint …

Feb 21, 2026 Read →

income tax

Advance Tax on Foreign Card Payments Section 236Y

Under Section 236Y ITO 2001, banks deduct advance tax on international payments made through Pakistani credit, debit and …

Feb 21, 2026 Read →

income tax

Refund Application Process Section 170

Section 170 of Pakistan's Income Tax Ordinance 2001 allows taxpayers to claim refunds of excess income tax. Learn …

Feb 21, 2026 Read →

income tax

is business individual required to file income tax return

Section 114(1A) of Pakistan's Income Tax Ordinance 2001 requires business individuals — shopkeepers, freelancers, consultants, doctors, traders — …

Feb 21, 2026 Read →

income tax

taxability of gifts from relatives section 39

Under Section 39(3) of Pakistan's Income Tax Ordinance 2001, gifts, loans and advances from specified relatives (parents, spouse, …

Feb 21, 2026 Read →

income tax

When Advance Tax on Sale or Transfer of Immovable Property Becomes Minimum Tax

Under Section 236C(2) of Pakistan's Income Tax Ordinance 2001, if you buy and sell immovable property within the …

Feb 21, 2026 Read →

income tax

Advance tax on sale to cigarettes products

: Under Clause 24(A) Part II Second Schedule of Pakistan's Income Tax Ordinance 2001, cigarette manufacturers must collect …

Feb 21, 2026 Read →