Tax Credit on Charitable Donations under Section 61 of the Income Tax Ordinance, 2001
Introduction Philanthropy not only contributes to social welfare but also offers tangible tax relief for
FBR Issues SOP for Change of NTN/STRN on Industrial Electricity and Gas Connections
Date of Circular: October 22, 2025Circular Reference: F. No. 1(162) ST-L&P/2025/134504-RIssued by: Inland Revenue –
Amendment to Section 124 – Appeal Effects and Recovery of Tax (Finance Act 2025)
The Finance Act 2025 introduces critical additions to Section 124 of the Income Tax Ordinance,
Amendment to Section 122(9) – Time Limitation for Amended Assessments (Finance Act 2025)
The Finance Act 2025 brings clarity and procedural certainty to assessment amendments under Section 122(9)
