According to the budget 2021-22 documents, the Finance Bill 2021 proposed amendment to Section 114 of the Income Tax Ordinance, 2001. It is proposed amendment in sub-section (5) of Section 114, to insert new proviso, namely:
“Provided further that the time-limitation provided under this subsection shall not apply if the Commissioner is satisfied on the basis of reasons to be recorded in writing that a person who
failed to furnish his return has foreign income or owns foreign assets.”
Islamabad – February 3, 2025: Country’s leading telecom and ICT services provider, Pakistan Telecommunication Company…
Former Bollywood star turned Hindu monk Mamta Kulkarni recalled being pranked by her co-stars, Shah…
Farhan Saeed, known for his soulful voice and countless hit songs, has just released his…
Indian businessman and former judge of 'Shark Tank India', Ashneer Grover slammed Bollywood superstar, Salman…
Speculation about a Ghajini sequel has been reignited after producer Allu Aravind dropped a major…
Up-and-coming Bollywood star Veer Pahariya threw it back to his childhood obsession with Indian movies,…
Leave a Comment