Utmanzval

Advance Tax under Section 147 of the Income Tax Ordinance, 2001 is a tax system used by the Federal Board of Revenue (FBR) in Pakistan, where certain taxpayers are required to pay their income tax in installments before the end of the tax year. This system ensures that tax is collected progressively throughout the year, instead of at the year-end, improving cash flow for the government. Key Points of Advance Tax under Section 147 Who is Liable to Pay Advance Tax? Advance tax under Section 147 is applicable to: Companies Association of Persons (AOPs) Individuals with significant income not subject to withholding tax (e.g., business income, rental income) Taxpayers with predictable and continuous income are often required to pay advance tax, especially when a large part of their income is not already taxed at source. Calculation of Advance Tax : Advance tax is based on the estimated income of the taxpayer for the ongoing tax year. It is calculated as follows: For individuals and AOPs...

Islamabad – September 2024: The State Bank of Pakistan (SBP) has clarified that the winners of the recent art competition, announced on September 5, are not the finalized designs for the new banknote series. This clarification comes after some misunderstandings about the competition’s purpose. Earlier this year, in January 2024, the SBP launched an Art Competition inviting local artists to submit thematic design ideas for the new series of currency notes. The goal of the competition was to encourage creativity and recognize talented Pakistani artists, not to finalize the designs for the new notes. As a gesture of appreciation, the artists were awarded monetary prizes for their efforts. One of the notable designs showcased Pakistan’s religious diversity, which sparked some debate. However, the SBP emphasized that the design was selected purely based on artistic quality, and not to promote any specific religious beliefs. The central bank further explained that the actual designs for the...

  Location: Islamabad, Pakistan Application Deadline: 22 Sep 2024 Are you an experienced ICT professional looking for an impactful career in the humanitarian sector? The International Committee of the Red Cross (ICRC) is hiring an ICT Engineer to manage and enhance ICT systems at their Islamabad office. This is a full-time role within the ICT department, and the position offers a chance to work in a meaningful environment that contributes to global humanitarian efforts. Why Join ICRC? Working with ICRC means joining a highly respected humanitarian organization that offers a chance to make a meaningful impact. The organization values diversity and aims to create an inclusive working environment for all its employees. How to Apply: If you meet the qualifications and are excited about this opportunity, submit your application by 22 Sep 2024 . Your application should include: A cover letter explaining your motivation and suitability for the role. An up-to-date CV. The ICRC values di...

Pakistan Civil Aviation Authority (PCAA) The Pakistan Civil Aviation Authority (PCAA) is a regulatory body overseeing civil aviation activities in Pakistan. It is responsible for ensuring the safety, security, and efficiency of air transportation in the country. PCAA regulates air traffic services, aerodrome operations, and airworthiness standards, among other functions. The authority also plays a significant role in the development of aviation infrastructure and the promotion of air travel. New Jobs in CAA PCAA has recently announced new job openings. Visit the official website for more details and to apply.  

The National Database and Registration Authority (NADRA) Smart ID card has become an essential biometric identification tool for all Pakistani nationals. This card not only serves as proof of identity but also simplifies access to a wide range of services across banking, telecom, and government sectors. Given its significance, maintaining an up-to-date Smart ID Card is crucial for every citizen. Key Functions of the Smart ID Card The NADRA Smart ID Card is integral to various aspects of daily life in Pakistan. It plays a pivotal role in ensuring the accurate delivery of government subsidies and welfare benefits, thereby reducing fraud and promoting financial inclusion. Additionally, the card is required for opening bank accounts, engaging in tax-related processes, and even for tasks such as purchasing property or securing employment. The Renewal Process Given the Smart ID Card’s importance, citizens are required to renew their cards before or soon after they expire. The renewal process...

Terms & Conditions 1. The interested candidates fulfilling the required criteria may submit their application online for the desired post within 14 days after publication of this advertisement. 2. The candidature is likely to be cancelled/ rejected in case of submission of incomplete/ incorrect/ fake information at any stage. 3. Wafaqi Mohtasib Secretariat reserves the right to increase/decrease the number of posts or postpone/ cancel the recruitment process at any stage. 4. Only shortlisted candidates will be called/ invited for test/ interview. 5. Age relaxation will be given as per rules and regulations of the Federal Government. 6. The candidate already in Government service shall have to produce NOC from the parent department at the time of the interview. 7. No TA/DA shall be admissible for appearing in Test/Interview. Written Test & Interview Candidates applying for various positions will undergo a written test designed and administered by the Education Testing Council (E...