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In-Active: Those who are not registered with FBR or not filing their tax-returns. Active: Those who file their tax-returns on time. Usually before September 30. Active (Late Filer) [11]: If someone filed their last tax-returns after due date. Late Filer category was introduced by Finance Act 2024. [12]
The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...
Filing as a head of household can have substantial financial benefits over filing as a single status taxpayer. As a head of household, one may obtain a more generous tax brackets and larger standard deductions. [14] There are many special rules and exceptions applicable to head of household filing status. [15]
Married Filing Jointly Standard Deduction: When filing with the married filing jointly tax-filing status, a couple can take a standard deduction of $24,800 for 2020. Learn More: 9 Tax Tips Every ...
This filing status is intended to lend a hand to those who have lost a spouse in the last two years and are still supporting a dependent. You cannot file as a widow(er) if you are not supporting ...
Heads up to anyone who is a freelancer, independent contractor, business owner, property renter or just a hobbyist who occasionally sells their creations: If you accept business-related income ...
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[4] [5] The Cabinet Committee on Privatisation (CCoP) decided to include PIA in the list of active privatisation projects. [6] Services International Hotel (SIH): The CCoP allowed the Privatisation Commission to move towards a successful conclusion of the SIH transaction with the completion of the transfer/mutation process in the name of the buyer.