Скачать или смотреть “Did you receive an FBR Section 147 notice? Don’t panic—watch this first.”

FBR issues a notice under Section 147 when a taxpayer is required to pay advance tax in quarterly installments instead of paying the full tax at the end of the year.

This notice is issued when FBR expects taxable income during the current tax year, usually based on:

Previous year’s tax return

Declared income or tax payable

Business activity

Banking transactions and withholding tax data

In this video, we explain:
✔ What Section 147 is
✔ Who is required to pay advance tax
✔ How quarterly installments work
✔ What happens if advance tax is not paid on time
✔ How to review and revise FBR’s calculation

Companies, AOPs, and individuals engaged in business must pay close attention to this notice to avoid penalties and legal issues.

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IFA Associates
Corporate & Tax Consultants | Pakistan
+92-3009878850
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