Browsing: Business

Pakistan (Muhammad Yasir) inDrive, a leading ride-hailing platform of Pakistan, is proud to announce a transformative partnership with Rescue 1122…

Pakistan has been awarded the “International Prize for Gender Equality in Trade” by the World Trade Organization (WTO) for the…

Lahore (Muhammad Yasir) Al-Ghazi Tractors Limited launched its latest product the New Holland NH-850. The 85-horsepower engine tractor is designed…

Lahore (Muhammad Yasir) Patron-in-Chief United Business Group (UBG) Mr S M Tanveer has demanded an immediate reduction of 500 basis…

Karachi (Muhammad Yasir) Businessmen and industrialists’ community associated with theFederal B Area Association of Trade and Industries (FBATI) elected itsleadership…

In today’s digital age, the evolution of smartphone cameras has totally changed the way we capture and share our world,…

Lahore (Muhammad Yasir) The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) successfully held its 26th Annual General Meeting…

Pakistan (Muhammad Yasir) The general public will subscribe 6.25 million shares, 25 percent ofthe total offer size of BF Biosciences…

ZAHID CHUGHTAI Stakeholders reached a consensus that Pakistan urgently needs to improve agricultural practices to reduce post-harvest losses, which were…

KARACHI: As the Federal Board of Revenue (FBR) has recommended using the IRIS website to file tax returns and verify tax deductions, businesses in the community are still facing issues in filing tax returns. Some traders have complained to the chamber that the FBR’s taxreturn filing portal is not working properly. Due to this, tax documents are still cumbersome for common people. Screenshots of the IRIS portal error and FBR server unavailability were also shared. Months based on special conditions to help the system manage high volume and traffic.  It is in the country’s interest to help as many citizens as possible file their tax returns. He added that the more inclusive, legal and documented Pakistan’s economy is, the more open it will be to external financing from international financial institutions and lenders. Reduce human involvement, save taxpayers’ time and resources, reduce data errors, improve process and efficiency, and reduce complaints, evasions and vice versa. One important step has been omitted: the deadline for filing returns under section 34A(2)(e), (3) and (4), which states that electronic returns and the return book must be prepared and filed by 1 January 2024.