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    <title>Aaj TV English News - Business &amp; Economy</title>
    <link>https://english.aaj.tv/</link>
    <description>Aaj TV English</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Wed, 08 Apr 2026 01:54:28 +0500</pubDate>
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      <title>FBR reports significant increase in tax returns for 2024</title>
      <link>https://english.aaj.tv/news/330386236/fbr-reports-significant-increase-in-tax-returns-for-2024</link>
      <description>&lt;p&gt;&lt;strong&gt;The Federal Board of Revenue (FBR) has announced that it received 4.82 million tax returns by October 26 for the tax year 2024, reflecting a substantial increase compared to the previous fiscal year.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;In fiscal year 2023, only 2.407 million income tax returns were filed, indicating that the number of returns has effectively doubled.&lt;/p&gt;
&lt;p&gt;Additionally, the FBR disclosed that out of the total returns submitted for the last fiscal year, 1.82 million filers reported nil income and paid no tax.&lt;/p&gt;
&lt;p&gt;Specifically, 869,929 individuals submitted nil returns in fiscal year 2023.&lt;/p&gt;
&lt;p&gt;In a related development, the FBR has successfully obtained data on 195,000 individuals from the elite class, which includes details about their bank accounts, property holdings, and luxury vehicle registrations.&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Read more&lt;/strong&gt;&lt;/p&gt;
&lt;blockquote class="blockquote-level-1"&gt;
&lt;p&gt;&lt;a href="https://english.aaj.tv/news/30335387/fbr-aiming-to-achieve-tax-collection-target-without-imposing-new-taxes"&gt;FBR aiming to achieve tax collection target without imposing new taxes&lt;/a&gt;&lt;/p&gt;
&lt;/blockquote&gt;
&lt;blockquote class="blockquote-level-1"&gt;
&lt;p&gt;&lt;a href="https://english.aaj.tv/news/30320484/fbr-tightens-scrutiny-of-duty-free-vehicle-import2023-05-09"&gt;FBR tightens scrutiny of duty-free vehicle import&lt;/a&gt;&lt;/p&gt;
&lt;/blockquote&gt;
&lt;blockquote class="blockquote-level-1"&gt;
&lt;p&gt;&lt;a href="https://english.aaj.tv/news/330385676/fbr-to-release-new-property-rates-for-54-cities"&gt;FBR to release new property rates for 54 cities&lt;/a&gt;&lt;/p&gt;
&lt;/blockquote&gt;
&lt;p&gt;To further enhance its efforts, the FBR and NADRA have agreed to strengthen their cooperation and facilitate data exchange.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>The Federal Board of Revenue (FBR) has announced that it received 4.82 million tax returns by October 26 for the tax year 2024, reflecting a substantial increase compared to the previous fiscal year.</strong></p>
<p>In fiscal year 2023, only 2.407 million income tax returns were filed, indicating that the number of returns has effectively doubled.</p>
<p>Additionally, the FBR disclosed that out of the total returns submitted for the last fiscal year, 1.82 million filers reported nil income and paid no tax.</p>
<p>Specifically, 869,929 individuals submitted nil returns in fiscal year 2023.</p>
<p>In a related development, the FBR has successfully obtained data on 195,000 individuals from the elite class, which includes details about their bank accounts, property holdings, and luxury vehicle registrations.</p>
<p><strong>Read more</strong></p>
<blockquote class="blockquote-level-1">
<p><a href="https://english.aaj.tv/news/30335387/fbr-aiming-to-achieve-tax-collection-target-without-imposing-new-taxes">FBR aiming to achieve tax collection target without imposing new taxes</a></p>
</blockquote>
<blockquote class="blockquote-level-1">
<p><a href="https://english.aaj.tv/news/30320484/fbr-tightens-scrutiny-of-duty-free-vehicle-import2023-05-09">FBR tightens scrutiny of duty-free vehicle import</a></p>
</blockquote>
<blockquote class="blockquote-level-1">
<p><a href="https://english.aaj.tv/news/330385676/fbr-to-release-new-property-rates-for-54-cities">FBR to release new property rates for 54 cities</a></p>
</blockquote>
<p>To further enhance its efforts, the FBR and NADRA have agreed to strengthen their cooperation and facilitate data exchange.</p>
]]></content:encoded>
      <category>Business &amp; Economy</category>
      <guid>https://english.aaj.tv/news/330386236</guid>
      <pubDate>Mon, 28 Oct 2024 13:19:08 +0500</pubDate>
      <author>none@none.com (Web Desk)</author>
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