KARACHI: The Federal Board of Revenue (FBR) has issued notices to 6,324 private schools and tuition centers, according to Karachi Regional Tax Officer (RTO-II)
A survey was conducted by the Broadening of Tax Base (BTB) Zone that informed ROT-II that a large number of private schools, tuition centers, training schools, and other academies were registered with the FBR. This has incurred a huge loss to the national exchequer as these institutions were not a part of the tax net even though their businesses were booming.
Apart from evading taxes, these institutions are not filing their income tax returns under the section of the Income Tax Ordinance, 2001. The taxes are also not being deducted on salaries being given to the teachers and staff, under section 149 of Income Tax Ordinance, 2001.
Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…
Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
