Tag: Asset Valuation
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Government Scraps Asset Valuation Requirement in Tax Returns
Overview of the Decision In a significant shift, the government has scrapped the asset valuation column from the tax return form for the fiscal year 2025. This decision, made on the directive of Prime Minister Shehbaz Sharif, follows mounting pressure from various stakeholders including tax practitioners and legal experts. The move has sparked renewed discussions…
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Govt Scraps Asset Valuation Requirement from Tax Returns
Introduction In a significant shift, the government of Pakistan has decided to eliminate the asset valuation column from the income tax return form for the year 2025. This decision, made under the directive of Prime Minister Shehbaz Sharif, comes on the heels of mounting criticism from various stakeholders, including tax practitioners and legal experts. Background…
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Government Eliminates Asset Valuation Requirement in Tax Returns
Introduction In a significant policy shift, the government has decided to remove the asset valuation column from the income tax return form for the year 2025. This decision, announced on September 27, 2025, follows mounting pressure from various stakeholders, including tax practitioners and legal communities, and comes directly on the heels of a strong clarification…