FBR: audit closure, capacity & legality
Huzaima Bukhari & Dr. Ikramul Haq According to a Press report the Government of Pakistan Tehreek-i-Insaf (PTI) “has quietly closed over 310,000 tax audit cases that had been automatically selected from 2015 to 2017 due to the failure of taxpayers…
Covid-19 crisis: agenda for survival & revival
Tax proposals for budget 2020-21 Huzaima Bukhari & Dr. Ikramul Haq This year’s budget for fiscal year 2020-21 is expected in the first week of June, will be in extraordinary circumstances, where like other nations we have to strive hard…
Covid-19 pandamic relief measure
Revisiting advance/withholding taxes Huzaima Bukhari & Dr. Ikramul Haq After the Second World War, the provision of advance income tax was provided in the then prevalent Income Tax Act, 1922 for the first time by inserting section 18A vide section…
Self-deception-illusive fantasy
Huzaima Bukhari “The greatest deception men suffer from is their own opinion”—Leonardo Da Vinci In a highly deceptive world where everyone is out to deceive each other for own vested interest, the biggest disservice one can do to oneself is…
Covid-19 epidemic
Economic-tax relief package Huzaima Bukhari & Dr. Ikramul Haq Pakistan is facing the brunt of Coronavirus outbreak as the country is in a partial lock down. This has had a negative impact on businesses. Initial estimates show that the…
Demise of second consecutive NFC
Dr. Ikramul Haq According to a Press report, the 9th National Finance Commission (NFC) “died its natural death …after the Centre and four provinces could not reach consensus on a new award for distribution of fiscal resources during the five-year…
Without being commanded?
Huzaima Bukhari “I have gained from philosophy: that I do without being commanded what others do only from fear of the laws”—Aristotle While driving in Lahore Pakistan, you stop at a red traffic light because that is the law but…
Covid-19, the poor & tax extortion
Dr Ikramul Haq In the most difficult times arising out of Covid-19 outbreak and lockdown, all over the world the governments are going for relief packages and tax incentives to mitigate the financial toll faced by all, especially the poor…
Through Iqbal’s eyes!
Huzaima Bukhari “Unbeliever is he who follows predestination even if he be Muslim. Faithful is he, if he himself is the Divine Destiny”—Allama Muhammad Iqbal Sialkot in the province of Punjab in Pakistan is an industrial city that is famous…