Tue, 21-Oct-2025

Tax collection from prize bond winners grows 8% to Rs4 billion

Tax authorities

KARACHI: The income tax collection from the winners of the prize bonds grew 8 per cent to reach Rs4 billion during the fiscal year 2020/21, official sources said on Monday. The sources at the Regional Tax Office (RTO) Karachi, a revenue collecting arm of the Federal Board of Revenue, said the income tax collection from … Read more

Tax authorities to collect information of high value bank transactions

taxation

KARACHI: The tax authorities will collect details of those banking customers who deposited over Rs10 million in their accounts during a month, bringing the high value transactions of undeclared income and assets on its radar, sources said on Monday. The sources in the Regional Tax Office (RTO) Karachi, a revenue collecting arm of the Federal … Read more