Section 119(2)(b) allows condonation of delay for unfiled ITR refund claims. Know the five-year limit, procedure, conditions ...
The government has raised the tax-effect limits for filing income-tax appeals, leading to thousands of appeals being withdrawn or not filed. Here’s what the new limits mean for taxpayers.
The Supreme Court overturned Krishnaswami's tax evasion prosecution, citing the Income Tax Department's violation of its own circulars. The court emphasized that CBDT circulars are binding and the ...
ISLAMABAD: The Federal Board of Revenue (FBR) has totally abolished Super Tax for exporters deriving income exceeding Rs 500 million after fulfilment of specified conditions. According to income tax ...