US EditionWill FBR deduct tax on Rs200,000 bank deposits?
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Will FBR deduct tax on Rs200,000 bank deposits?
The Federal Board of Revenue (FBR) has clarified that no tax will be levied on bank deposits up to Rs 200,000, aiming to address widespread concerns among traders regarding recent tax measures. This assurance was provided during a meeting between FBR officials and representatives of the All Pakistan Traders Association. The FBR further clarified that digital invoicing requirements will not be imposed on small traders or retailers. Instead, the s…
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