Tag: excessive lending

Khudayar Mohla, Islamabad High Court, IHC stay, additional income tax, 15% income tax, banks' excessive lending, Finance Ministry, Federal Board of Revenue, FBR, tax collection, Civil Petition for Leave to Appeal, CPLA, Rs1.03 trillion, tax shortfall, advance-to-deposit ratio (ADR), tax advisory firm, financial impact, tax on government debt, Finance Minister Muhammad Aurangzeb, banks' tax liability, government debt, Rule 6C, Income Tax Ordinance, banking business, banking tax regulations, super tax, State Bank of Pakistan Act, 1956, tax law, Pakistan banking sector, tax dispute, tax estimation, tax collection deadline, December 31 deadline, tax rate for banks, gross ADR, loan taxation, court cases, money bill, constitutional violation, banks' legal challenges, tax policy, banking regulation, income tax dispute, Editor

Govt to Appeal SC to Lift IHC Stay on 15% Additional Income Tax from Bank

By

Khudayar Mohla

November 20, 2024

The Law Today Pakistan covers law, courts, governance, and public affairs. Founded by Khudayar Mohla, Advocate of the Islamabad High Court and former President of the Supreme Court Press Association, it reports on the legal developments and public-interest issues shaping Pakistan.

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