20/02/2026
The Income Tax Appellate Tribunal (ITAT) decided two appeals filed by Raja Abdullah Mukhtar regarding penalties imposed for the late submission of Withholding Tax (WHT) statements for Tax Year 2024.
The taxpayer accepted that the statements were filed late, but contended that the penalty of Rs. 2,467,500 was excessive and unjust, as the actual tax default was only Rs. 13,315, which had already been paid. The Tribunal agreed, observing that the penalties were imposed mechanically and were clearly disproportionate. It further clarified that the purpose of penalties is to secure compliance, not to generate revenue. Accordingly, the ITAT reduced the penalty to the minimum of Rs. 5,000 per quarter and set aside the separate penalty for non-deposit of tax, since the outstanding amount had already been cleared.
04/02/2026
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11/01/2026
Advance Tax Notice received?
Ignore mat karein β jawab dena zaroori hai.
Late or no response can lead to penalties and unwanted complications.
π We handle FBR notices professionally and timely.
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14/11/2025
π Jummah Mubarak!
May this blessed day fill your heart with peace, your soul with light, and your life with countless blessings. π€
09/11/2025
β¨ Dream, Believe, and Rise β just as Iqbal taught us.
Celebrating the timeless vision of Allama Muhammad Iqbal.
07/11/2025
May this blessed Friday bring peace, blessings, and prosperity to all. πΏ
Letβs stay on the path of righteousness and integrity β in faith and in business.
β¨ Jummah Mubarak from Tax Hub Consultants.
www.taxhubconsultants.com
15/10/2025
π’ FBR Update:
The due date for filing Income Tax Returns for Tax Year 2025 has been extended till 31st October 2025.
Taxpayers are advised to file their returns within the extended deadline to avoid penalties and ensure compliance.
10/10/2025
π Jumma Mubarak π€
May this blessed Friday bring peace, mercy, and countless blessings to your life.
β¨ βAnd your Lord is going to give you, and you will be satisfied.β (Qurβan 93:5)
πΏ Letβs take a moment to pray, give thanks, and spread kindness.
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03/10/2025
πΈ Jumma Mubarak πΈ
May this blessed day bring peace, prosperity, and countless blessings to you and your loved ones. β¨π
β From the team at Tax Hub Consultants
π Your Trusted Partner in Tax & Business Solutions
30/09/2025
Income Tax Return Filing Extended
Federal Board of Revenue (FBR) has extended the due date for filing Income Tax Returns for Tax Year 2025 up to 15th October 2025.
26/09/2025
πβ¨ Jumma Mubarak from Tax Hub Consultants!
On this blessed Friday, we pray: "O Allah, make us among those who are guided and not among those who are astray." π€²
May your day be filled with peace, blessings, and success in both faith and business. πΈ