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Huzaima Bukhari & Dr. Ikramul Haq Much before Covid-19 outbreak, the widening income and wealth disparities were highlighted by us in various columns with solutions to bridge the growing rich-poor divide, but no government paid any heed. During the rule of General Pervez Musharraf [October...
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Dr. Ikramul Haq Budget 2020 is in the making amidst very difficult times when we are faced with economic meltdown due to Covid-19 outbreak and extreme hardships by weaker segments of society. The traditional approach adopted for decades in Pakistan for balancing the books, levying...
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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 to timely file tax returns...
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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 to ensure survival and revival...
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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 5 of the Indian Income...
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