Tag Archives: Income

MQM bill seeks tax on agricultural income

MQM bill seeks tax on agricultural income

ISLAMABAD – The Muttahida Qaumi Movement (MQM) on Saturday submitted a bill in the Senate’s Secretariat seeking amendment to the constitution on taxing agricultural income. MQM Senator Tahir Hussain Mushhadi submitted the bill on behalf of his party.
The bill has sought that all agriculture income over Rs 600,000 annually should be taxed in order to broaden the tax base in the country. The bill seeks amendment in the fourth schedule to the constitution whereby tax on agriculture,

PCB seeks Income Tax exemption

LAHORE: Pakistan Cricket Board has filed an appeal with the Federal Board of Revenue seeking an exemption in income tax when the amendment in the second schedule of the Income Tax Ordinance 2001 comes into force. PCB chairman Ijaz Butt took up the matter with Prime Minister Syed Yousuf Raza Gillani during a reception in honour of the Pakistan women cricket team that clinched the gold medal in the Asian Games.
Now it has been learnt the PCB has formally asked the FBR to consider

Sindhi politicians united against MQM’s demand to tax farm income

KARACHI: The political parties of Sindh, including the PPP, the PML-N and the PML-Q, are united in their opposition to the MQM’s demand that agriculture income should be taxed.
The MQM, which has remained a staunch advocate of taxing the agriculture sector, has strongly raised the issue with the government again. MQM leaders have presented 9 recommendations to a team of the federal government as an alternative to the reformed GST, and on the top of list is the imposition of tax