The ITAT emphasized that a proper assessment of the agricultural income was necessary before confirming the addition under Section 68. The assessee’s counsel argued that sufficient evidence, including ...

"The meaning of "agricultural land" as contained in the Income Tax Act was quite complex as it was in a paragraph format. Now in the new Income Tax Bill, an effort has been made to tabulate ...

The Balochistan Assembly has recently passed the 'Balochistan Tax on Land and Agricultural Income Bill,' which imposes an income tax of up to 45 per cent on agricultural earnings. This new tax has ...

The Balochistan Assembly has recently passed the "Balochistan Tax on Land and Agricultural Income ... plus an additional 20 per cent tax on income exceeding PKR 12,00,000, the Balochistan Post ...

The law, effective from January 2025, aligns agricultural income tax rates with the federal personal and corporate tax regime. This means that annual agricultural incomes up to Rs600,000 will be ...

Background contacts between President Asif Zardari and Deputy Prime Minister Ishaq Dar led to a breakthrough on the issue of the new agriculture income tax law ... rate will be 20% and for ...

THE government has addressed a major anomaly in the taxation framework by harmonising the tax rates on agricultural income. All provinces have amended their regimes to fulfil the International ...

SWABI: Pakistan Tehreek-i-Insaf senior leader and former National Assembly speaker Asad Qaiser has opposed the imposition of income tax on farmers, terming it an unjust burden on the agriculture ...

Despite expressing concerns over Agricultural Income Tax Bill, Khyber-Pakhtunkhwa Governor Faisal Karim Kundi has signed the bill. Governor Kundi said the bill is an injustice to farmers, which ...