KARACHI: The Federal Board of Revenue (FBR) has issued notices to 6,324 private schools and tuition centers, according to Karachi Regional Tax Officer (RTO-II)
A survey was conducted by the Broadening of Tax Base (BTB) Zone that informed ROT-II that a large number of private schools, tuition centers, training schools, and other academies were registered with the FBR. This has incurred a huge loss to the national exchequer as these institutions were not a part of the tax net even though their businesses were booming.
Apart from evading taxes, these institutions are not filing their income tax returns under the section of the Income Tax Ordinance, 2001. The taxes are also not being deducted on salaries being given to the teachers and staff, under section 149 of Income Tax Ordinance, 2001.
Islamabad: The chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali…
Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…
Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…
Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…
Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…
Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
