ATL Surcharge 2026: Non-Filers Now Pay Rs. 25,000 in Pakistan Finance Act 2026 · Tax Alert ATL Surcharge Increases 25 Times for Non-Filers From July 1, 2026 What every Sialkot tax consultant wants you to know before the deadline hits ⚠️ Deadline Alert July 1, 2026 is just days away. If your name is not […]
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Income from Business in Pakistan: A Complete Guide to Sections 18, 20 & 21 Running a business in Pakistan means more than making sales and collecting payments. It also means understanding how the Income from Business head works under the Income Tax Ordinance 2001. For traders, manufacturers, and exporters — especially the busy entrepreneurs of
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Rental Income Tax in Pakistan: A Complete 2026 Guide for Property Owners Owning a shop, plaza, factory unit, or house and renting it out is one of the most common ways to earn in cities like Sialkot. However, that rent is not tax-free. Under the Income Tax Ordinance 2001, rental income tax in Pakistan is
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Salary Income Tax in Pakistan: Complete Guide for Salaried Employees (2025–26) Table of Contents 1. What Is Salary Income Under Pakistani Tax Law? If you work for someone — whether a government department, a private factory, a corporate office, or even a local business — the money you receive from that employment is taxed as
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Adjustable Withholding Tax (WHT) Credits in Pakistan Adjustable Withholding Tax (WHT) Credits in Pakistan: Complete Guide Under ITO 2001 Table of Contents 1. What Is Withholding Tax (WHT) and Why Does It Matter? Every time you receive a payment in Pakistan — whether it is your salary, rent from a tenant, proceeds from a business
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Section 116A Explained: Foreign Income & Assets Statement in Pakistan (2025 Guide) Table of Contents What Is Section 116A? Pakistan’s tax law has always required residents to declare domestic income and wealth. However, with the growing integration of Pakistani professionals and businesses into the global economy, FBR recognised that a separate, dedicated framework was needed
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Wealth Statement Pakistan: A Complete Guide to Section 116 of the Income Tax Ordinance 2001 Table of Contents What Is a Wealth Statement? A wealth statement Pakistan is a formal declaration of your financial position — your assets, liabilities, and total net worth — submitted to the FBR under Section 116 of the Income Tax
Education Tax Relief in Pakistan: How to Claim Your Deductible Allowance Under Section 60D Last Updated: Tax Year 2025–26 | Based on Income Tax Ordinance 2001 (Amended February 2026) Table of Contents Introduction For millions of Pakistani parents, school and college fees are one of the heaviest financial burdens each year. The good news is
Income from Other Sources in Pakistan: A Complete 2026 Tax Guide 📑 Table of Contents Introduction When most taxpayers in Pakistan think about income, they usually picture their salary, business profits, or property rent. However, the Income Tax Ordinance, 2001 recognizes a fifth and very important category called Income from Other Sources. This head acts
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Capital Gains Tax in Pakistan: Shares, Property & Securities Explained (2025 Guide) Table of Contents What Is Capital Gains Tax in Pakistan? Imagine you bought a plot in Sialkot’s Cantt area five years ago for Rs. 30 lakh. Today, someone offers you Rs. 70 lakh for it. You made a profit of Rs. 40 lakh.
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