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FBR imposes new conditions on units seeking tax credit
ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday imposed new conditions and restrictions on units intended to claim tax credit for integration with the Board’s systems, according to a FBR’s notification. The amount of tax credit allowed for a tax year in which electronic resource is installed, integrated and configured with the Board’s computerised system shall be ten percent of the amount actually invested in the electronic resource. According to a notification issued by the FBR on Wednesday, any person claiming tax credit under Section 64D of the Income Tax Ordinance shall satisfy ...
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