Impasse in Pakistan over diplomats' tax exemptions, allowances

Jul 27, 2022

Islamabad [Pakistan], July 27 : Due to the constraints by International Monetary Fund in view of Pakistan's crippled economy, the country's government has once...

World Bank asks Pakistan govt to make tax reforms, remove exemptions on duties and sales tax

Apr 19, 2024

In its report released on Pakistan, the World Bank advised the Pakistani government of the urgent need for tax system reforms and the removal...

AAP moves Delhi HC, challenges Commissioner of Income Tax (Exemptions) notification

Jul 23, 2021

New Delhi [India], July 23 : Aam Aadmi Party (AAP) has moved the Delhi High Court challenging Commissioner of Income Tax (Exemptions) notification transferring...

Income tax benefits granted to 2,975 recognised startups: DPIIT

Jan 15, 2024

DPIIT Joint Secretary Sanjiv highlighted that after benefiting from income tax exemptions, the growth in startups, rose from 1,100 in March 2023 to 2,975...

Sitharaman says "numbers speak for themselves" as Indians increasingly opting new tax regime

Aug 21, 2024

In the Budget for 2020-21, the government, in order to provide relief to individual taxpayers and to simplify the income-tax law, had proposed to...

Pakistan potential tax gap stands at PKR 3,000 billion

Jul 23, 2022

Islamabad [Pakistan], July 23 : Pakistan's Federal Board of Revenue chief Asim Ahmad has said that the potential tax gap stands at PKR 3,000...