Explanation

Rashid Mahmood Langrial is the current chairman of the Federal Board of Revenue (FBR) since 07 August 2024

He replaced Malik Amjad Zubair Tiwana 

Langriyal, a Grade 21 officer, was previously serving as Secretary of the Power Division.

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Last check and update on 22-01-2026

Explanation

  For the purposes of the imposition of tax and the computation of total income, all income shall be classified under the following heads, namely

Salary;  

 Income from Property;  

Income from Business;  

 Capital Gains

 Income from Other Sources

Explanation

It extends to the whole of Pakistan.

Explanation

There are how many schedules included in income tax ordinance 2001 

Explanation

 It extends to the whole of Pakistan .

It shall come into force on 1st day of July, 2005.

Explanation

Basic excise duty is also known as the Central Value Added Tax

Explanation

These Rules may be called the Sales Tax Rules, 2006.

 They shall be applicable to such persons or class of persons as are specified in

the respective Chapters.

Explanation

Excise taxes are internal taxes that are levied on the sale of specific goods and services, such as alcohol, fuel and tobacco.

Explanation

Section 12 of Income Tax Ordinance 2001 deals with salary

Explanation

“rent” means any amount received or receivable by the owner of land or a building as consideration for the use or occupation of, or the right to use or occupy, the land or building, and includes any forfeited deposit paid under a contract for the sale of land or a building.