The Federal Board of Revenue have (FBR) surprise for Pakistani nation. Get Read for another surprise. Ff you think that nothing remains without taxation.
The Central Board of Revenue (CBR) is forms on April 01, 1924 with the enactment of the Central Board of Revenue Act, 1924.
In 1947 After the independence of Islamic republic of Pakistan. The rules remained up to 31st August 1960.
Later on Re-organization Committee, FBR is formed. It attaches department of the Ministry of Finance. In 1974, further more changes occurred with time.
Consequently, the Chairman post of FBR is created. The chairman post with the label of ex-officio. Additional Secretary and Secretary Finance was relieved of his duties as ex-officio Chairman.
New Taxation and amendment occurs with the passage of time. New amendment for the Parties and wedding is just unbelievable.
So, FBR has imposed a 5 percent Advance on weddings and gatherings today. Under Section 236D of the Income Tax Ordinance 2001 advance Tax is impose on wedding and gathering.
“Every prescribed person shall collect advance tax. The rate of five percent on the total amount of the bill” According to the FBR notification.
The tax holding places are:
- Commercial lawn
- community place
- Marriage hall
- Any other place used for the purpose of holding any events.
Lists of the Event that must pay Tax:
- Any other gathering at any of the above mentioned places.