The Federal Board of Revenue (FBR) has announced a remarkable increase in tax filings for the tax year 2024, with 4.82 million returns submitted by October 26. This represents a substantial rise compared to the previous fiscal year, when only 2.407 million returns were filed.
According to the FBR, this year’s numbers nearly doubled those of fiscal year 2023. However, the tax authority also revealed that a significant portion of the returns filed for the previous year reported no taxable income. Out of the total submissions, 1.82 million filers declared nil income, contributing no tax.
In fiscal year 2023 alone, 869,929 individuals filed nil returns, underscoring the ongoing challenge of broadening the tax base.
In a show of strength and commitment to law enforcement, Rawalpindi police conducted a prominent…
In a significant move toward mutual growth, the Punjab government in Pakistan and the World…
The Seattle Seahawks took center stage last weekend with their monumental triumph in the Super…
Andrew Mountbatten-Windsor, younger brother to King Charles III, engaged in a covert exchange with Jeffrey…
In a shocking and potentially catastrophic incident, South Korea’s Bithumb cryptocurrency exchange inadvertently distributed more…
In recent days, social media in Pakistan has been abuzz with what appears to be…
This website uses cookies.
