Tax

Pakistani businessman reviewing capital asset invoice marked as disallowed due to non-deduction of tax under Section 152/153, with visible tax files and ledger.

Business Tax Finance Income Tax Tax

Section 22 – Depreciation Disallowance for Non-Compliant Capital Purchases (2025 Update)

Jul 1, 2025 Tanweer Habib1 Comment

📘 Introduction The Finance Bill 2025 introduces a critical compliance-focused amendment to Section 22 of

Realistic office scene showing cash transaction being disallowed and digital NTN-based sale being accepted under Section 21 of Pakistan’s Income Tax Ordinance.

Business Tax Finance Income Tax News Tax Tax Exemption

Section 21 Amendments – Disallowance of Expenses for Non-Compliant Purchases and Non-Banking Sales (2025 Update)

Jul 1, 2025 Tanweer HabibComment

The Finance Bill 2025 introduces significant changes to Section 21 of the Income Tax Ordinance,

Visual concept of pension taxation under Section 12(2A) in Pakistan showing senior citizen exemption and final tax on pensions above 10 million.

Income Tax Pakistan Tax

Section 12(2A): Taxation of Pension Income in Pakistan – 2025 Amendment

isual representation of Pakistan's tax on digital transactions under Section 6A with e-commerce and payment elements.

Business Business Tax Income Tax Pakistan Partnership Tax

Section 6A – Tax on Digital Transactions through E-Commerce Platforms (2025 Amendment)

Default surcharge under Section 205 of the Income Tax Ordinance 2001 in Pakistan

Business Tax FBR Federal Board Of Revenue Income Tax Tax

Section 205 – Default Surcharge under the Income Tax Ordinance, 2001

Pakistani taxpayer submitting withheld tax via IRIS portal under Section 160 of the Income Tax Ordinance, 2001.

Business Tax Income Tax Tax

Section 160 – Timely Deposit of Withholding Tax in Pakistan

Creative Pakistani authors at their writing desk, planning income tax treatment for their book royalties under Section 89.

FBR Income Tax Tax

Section 89 of the Income Tax Ordinance, 2001

Dec 5, 2024 Editor

Income Averaging for Authors Receiving Lump Sum Royalties Section 89 of the Income Tax Ordinance,

An image illustrating a family managing legal documents related to a deceased individual's estate, symbolizing responsibility and compliance.

FBR Income Tax Tax

Section 87 of the Income Tax Ordinance, 2001: Deceased Individuals

Dec 5, 2024 Editor

Section 87 of the Income Tax Ordinance, 2001: Deceased Individuals Section 87 of the Income

An illustration of a family with a child managing a small business setup, including tax documents, calculators, and business-related tools on a desk.

Finance Income Tax Tax

Taxation of Minor Income Understand Section 91 of the Income Tax Ordinance, 2001

tax rebate process

Income Tax Tax Tax Credit

Tax Rebates on Donations under Section 61 of the Income Tax Ordinance, 2001