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All e-filers are liable to file wealth statement; FBR withdraws Rs1 million threshold

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KARACHI: Each individual filing income tax return for tax year 2015 is required to file wealth statement as well. This condition has become mandatory after the withdrawal of threshold of Rs 1 million that was available in the past years. After this mandatory requirement salaried persons drawing annual income above Rs400,000 and Individual business persons having income Rs300,000 per year will file wealth statement along with income tax returns for tax year 2015. According to instructions of Federal Board of Revenue (FBR) the following persons are required to furnish a return of income for a tax year: (a) Every company; (b) Every person (other than a company) whose taxable income for the year exceeds PKR 400,000; (c) Every non-profit organization as defined in clause (36) of section 2; (d) Every welfare institution approved under clause (58) of Part I of the Second Schedule; (e) Every person who has been charged to tax in respect of any of the two preceding tax years; (f) Every pers...
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FBR e-Filing Helpline

FBR e-Filing Helpline e-filing Helpline provides assistance to public at large and taxpayers in particular by responding to their queries related to e-filing system started by FBR. The purpose of FBR e-filing Helpline is to resolve the day to day problems, issues regarding to e-filing system.  051-111-772-772 (9 am to 9 pm)  esupport@pral.com.pk
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BuzzFeed gets $200m expansion cash with NBCUniversal tie-up

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WASHINGTON: BuzzFeed, the website which lives off viral and "shareable" news, got a major boost for expansion plans Tuesday with a $200 million investment from NBCUniversal. The deal with NBCU, a division of the media and cable conglomerate Comcast, calls for "strategic partnerships" between the two groups, which could allow sharing of content between BuzzFeed and the vast NBC television operations. The deal values the "social news" pioneer at some $1.5 billion, according to several media reports. The companies did not comment on the valuation terms of the investment. "It´s a fascinating time for the media industry; social, mobile, digital, and broadcast platforms are converging to create new opportunities to connect with global audiences," said Jonah Peretti, BuzzFeed´s founder and chief executive. The news comes just a week after NBCUniversal announced a similar $200 million injection into another digital news group,...
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