Advocate Rizwan Ullah Khan

25/02/2026

ٹیکس ریبیٹ پالیسی – مکمل وضاحت سوال و جواب کی صورت میں

❓ سوال 1: 25٪ ٹیکس ریبیٹ کیا تھی؟

یہ سہولت فل ٹائم اساتذہ اور محققین کے لیے تھی جس کے تحت قابلِ ادائیگی انکم ٹیکس پر 25٪ رعایت دی جاتی تھی۔

📌 مثال:
اگر کسی استاد کا سالانہ ٹیکس 100,000 روپے بنتا تھا تو 25٪ ریبیٹ کے بعد وہ صرف 75,000 روپے ادا کرتا تھا۔

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❓ سوال 2: یہ رعایت کب تک دستیاب تھی؟

یہ ریبیٹ ٹیکس سال 2022 تک دستیاب تھی۔
بعد میں یہ ختم ہوگئی اور ٹیکس سال 2023 سے اساتذہ کو یہ سہولت نہیں مل رہی تھی۔

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❓ سوال 3: فنانس ایکٹ 2025 میں کیا تبدیلی آئی؟

فنانس ایکٹ 2025 کے ذریعے انکم ٹیکس آرڈیننس 2001 کے دوسرے شیڈول، حصہ سوم میں نئی شق (3A) شامل کی گئی اور:

✔ 25٪ ریبیٹ کو محدود مدت کے لیے دوبارہ بحال کیا گیا۔
✔ ایف بی آر سرکلر مورخہ 2 اگست 2025 میں اس کی وضاحت کی گئی۔
✔ واضح کیا گیا کہ یہ رعایت صرف تین مخصوص ٹیکس سالوں کے لیے ہوگی۔

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❓ سوال 4: کیا یہ رعایت مستقل تھی؟

نہیں ❌
یہ صرف عارضی (Temporary Relief) تھی۔

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❓ سوال 5: موجودہ پوزیشن کیا ہے؟

📌 ٹیکس سال 2026 اور اس کے بعد 25٪ ٹیکس ریبیٹ دستیاب نہیں ہوگی۔
📌 اساتذہ اور محققین کی تنخواہوں پر مکمل انکم ٹیکس عام سلیب کے مطابق کٹے گا۔

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🔎 اہم قانونی فرق

یہ Tax Rebate تھی (قابلِ ادائیگی ٹیکس میں کمی)
یہ Tax Credit یا Income Exemption نہیں تھی۔

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📢 نتیجہ:
اداروں اور تنخواہ دار افراد کو چاہیے کہ ٹیکس سال 2026 کے لیے اپنی ودہولڈنگ اور ٹیکس پلاننگ موجودہ قانونی پوزیشن کے مطابق یقینی بنائیں تاکہ کسی بھی جرمانے یا ڈیمانڈ سے بچا جا سکے۔

25/02/2026

محترم احباب،

سوشل میڈیا پر گردش کرنے والے خط (آفس کمشنر اِن لینڈ ریونیو، ودہولڈنگ زون-ڈی، آر ٹی او کوئٹہ) کے حوالے سے چند قانونی نکات کی وضاحت ضروری ہے۔

حقیقت یہ ہے کہ:

✅ فنانس ایکٹ 2025 کے ذریعے انکم ٹیکس آرڈیننس 2001 کے دوسرے شیڈول، حصہ سوم میں نئی شق (3A) شامل کی گئی۔
✅ اس ترمیم کے تحت فل ٹائم اساتذہ اور محققین کو 25٪ ٹیکس ریبیٹ محدود مدت کے لیے دوبارہ فراہم کیا گیا۔
✅ اس حوالے سے باقاعدہ وضاحت ایف بی آر کے سرکلر نمبر 01 برائے 2025-26 مورخہ 2 اگست 2025 میں جاری کی جا چکی تھی۔
✅ اسی سرکلر میں واضح طور پر درج تھا کہ یہ رعایت مخصوص تین ٹیکس سالوں تک ہوگی اور ٹیکس سال 2026 سے اس کا اطلاق نہیں ہوگا۔

لہٰذا جنوری 2026 میں جاری ہونے والا خط دراصل اسی پہلے سے جاری شدہ قانونی پوزیشن کی توثیق (implementation/clarification) ہے، کوئی نئی پالیسی یا اچانک فیصلہ نہیں۔

📖 قانونی طور پر ٹیکس معاملات میں بنیادی حیثیت فنانس ایکٹ اور ایف بی آر کے باضابطہ سرکلرز کو حاصل ہوتی ہے، اور متعلقہ سرکلر 2 اگست 2025 کو ہی اس معاملے کو واضح کر چکا تھا

24/02/2026

I am pleased to share that I have successfully completed the Certified Company Secretary & Secretarial Practices (CS&SP) course from the Institute of Corporate and Taxation (ICT), Islamabad.

This certification has strengthened my practical understanding of:

• Company Formation
• Post Incorporation Compliance
• Specialized Companies
• PSEB & PEC Regulations
• Board of Investment Procedures
• Intellectual Property Laws

I look forward to applying this knowledge in corporate compliance, regulatory advisory, and governance matters.

19/02/2026

What Is an Affidavit in Legal Matters?

In legal proceedings, an affidavit is a powerful and widely used document. But what exactly is it?

An affidavit is a written statement of facts that is voluntarily made under oath or affirmation. The person making the statement (called the deponent) swears that the information provided is true and correct to the best of their knowledge. Because it is made under oath, providing false information in an affidavit can result in penalties for perjury.

Why Are Affidavits Important?

Affidavits serve several key purposes in legal and administrative matters:

• Evidence in Court: Courts often rely on affidavits as documentary evidence, especially in interim applications or when oral testimony is not immediately required.

• Verification of Facts: They confirm facts such as identity, residence, financial status, or specific events.

• Supporting Legal Applications: Many petitions, motions, and claims must be accompanied by an affidavit verifying the truth of the contents.

• Business & Compliance Use: Affidavits are frequently used in corporate filings, contractual matters, property transactions, and regulatory submissions.

Key Elements of a Valid Affidavit
A properly drafted affidavit typically includes:

1. The full name and details of the deponent.

2. A clear statement of facts (in numbered paragraphs).

3.A declaration that the statement is true.

4. Signature of the deponent.

5. Attestation by an authorized official (such as a notary public or oath commissioner).

Final Thought

An affidavit is more than just a document — it carries legal weight and accountability. Accuracy, clarity, and honesty are essential when drafting or signing one.

Understanding its importance ensures stronger legal compliance and credibility in both personal and professional matters.

16/02/2026

Many business owners still treat tax compliance as an annual formality.
The reality, however, is that it has become a year-round responsibility.

With evolving Federal Board of Revenue (FBR) regulations, increased digital monitoring, and data integration across financial channels, compliance standards are stricter than ever. Businesses must now adopt a proactive approach rather than a reactive one.

Key risk areas currently observed include:
• Mismatches in Wealth Statements
• Undocumented or unexplained bank transactions
• Sales Tax reporting discrepancies
• Gaps in e-commerce transaction reporting
• Ignored or delayed responses to FBR notices

Professional taxpayers do not wait for penalties or enforcement actions. They plan ahead, maintain proper documentation, and structure their financial affairs to ensure compliance and protect their financial standing.

If your tax return or wealth statement requires review, this is the right time to take a proactive step.

05/02/2026

Corporate Lawyer vs Business Lawyer vs Transactional Lawyer

Are they the same? No and here’s why it matters for business owners

Many entrepreneurs believe these three roles are the same.

👉 They are related, but they are NOT identical.

Understanding the difference can save your business from legal and financial risk.

⚖️ 1. Corporate Lawyer The legal structure expert
A corporate lawyer focuses on how a company is formed and governed:

• Company incorporation
• Corporate compliance & regulations
• Shareholder agreements
• Board resolutions & governance.

📌 A corporate lawyer ensures your company is legally strong from the inside.

📊 2. Business Lawyer The day-to-day legal protector.

A business lawyer handles the daily legal operations of a business:

• Contracts & agreements
• Vendor, client & employment matters
• Legal notices & risk management.

📌 A business lawyer protects your business during everyday operations.

🔁 3. Transactional Lawyer The deal & growth specialist.

A transactional lawyer works on business deals and high-value transactions:

• Investment & funding
• Mergers & acquisitions (M&A)
• Joint ventures
• Complex contract negotiations.

📌 Transactional lawyers don’t go to court they structure deals to avoid court.

❗ Important clarification

✔ These roles overlap in practice
✔ One lawyer may perform multiple roles
✔ Especially in startups and SMEs.

📌 But conceptually, each role serves a different legal purpose.

🚀 Why does this matter for business owners?

❌ Wrong legal advice = future disputes
❌ Weak structuring = investor rejection
❌ Poor compliance = penalties

✅ Right legal support = business security
✅ Proper documentation = smooth growth
✅ Legal clarity = investor confidence

📌 Smart businesses don’t react
they plan legally in advance.

If you are a:
• Startup founder
• SME owner
• Investor

👉 The right legal advisor is not a cost, it’s an investment.

07/01/2026

Alhamdulillah, starting the New Year with a professional achievement. I represented the case before the tribunal, and the appeal has been decided in our favor.

23/12/2025

The Securities and Exchange Commission of Pakistan (SECP) has streamlined the regulatory pathway for private and Single Member Companies (SMCs). Under the Companies Act 2017, your business may be exempt from several traditional compliance requirements based on its paid-up capital.

🔹 For Companies with Paid-Up Capital up to Rs. 1 Million
No mandatory Auditor appointment.
No Legal Advisor or Company Secretary required.
Exempt from Audit & Filing of Financial Statements.
(For SMCs) No Annual General Meeting (AGM) required.

🔹 Paid-Up Capital: Rs. 1 Million – 10 Million
Exempt from Company Secretary appointment.
Exempt from Filing Financial Statements.
No Legal Advisor required (if capital is up to Rs. 7.5M).

🔹 Paid-Up Capital: Above Rs. 10 Million
Still exempt from the mandatory appointment of a Company Secretary.

19/12/2025

15/12/2025

The Federal Board of Revenue has allowed residents of AJK and Gilgit-Baltistan to be included in the Active Taxpayers List, enabling them to enjoy filer tax rates on transactions in Pakistan, with safeguards in place to verify eligibility.

04/12/2025

Income Tax Refund Application Process in IRIS:

Taxpayers can now smoothly apply for an income tax refund through their IRIS account, provided that their IBAN is correctly updated in their profile or through Form 181 (Modification Form).

Once your IBAN is updated, the Refund Application (Form 170) becomes available in your IRIS portal. Follow these steps:

Open Form 170 – Refund Application in IRIS.
Enter the refund amount exactly as mentioned in your Annual Income Tax Return under the refundable tax section.
Attach all relevant Withholding Tax Certificates / CPRs that support your refund claim.

Submit the application through IRIS for verification.

The Income Tax Officer (ITO) will verify the withholding details and reconcile them with your income tax return. After verification, the ITO will issue a Refund Order under section 170(4).

Once the refund order is approved, the refund amount is directly transferred to your updated IBAN (Primary Account)—typically in the following month after the refund order is issued.

This streamlined process ensures transparency and timely transfer of refunds to taxpayers.