About

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Greetings.

My name is Zeeshan Qureshi author of this blog and I am a Tax Consultant by profession having more than 10 years of experience in the field of taxation.

I have completed my MBA and five years of articlesship from A.F.Ferguson a member firm of PriceWaterhouseCoopers, as stipulated by the Institute of Chartered Accountants of Pakistan. 

I also remained associated with an international logistic company Dart Global Logistics (Pvt) Ltd. as Manager Finance and afterwards joined Lakson group of companies and became a part of its tax team advising various companies of the group. 

At the same time I also remained associated with renowned Tax firm M. Ishaque and Company as Partner. 

After gaining rich experiences in several departments of taxation including direct taxes, indirect taxes, federal excise duty, custom duties e.t.c. I have developed a passion in writing online blogs on national and international taxation. 

Furthermore, I am a member of Karachi Tax Bar Association since 2007.

The sole purpose of this blog is to create awareness regarding the tax laws especially of Pakistan in layman's term for an easy understanding keeping in view that 'ignorance of law is no excuse'. 


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Taxation of Gratuity in Pakistan

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Following are the procedures of taxation of gratuity laid down in the Income Tax Ordinance,  2001. We have summarized all the provisions of Income Tax Ordinance, 2001 relating to Gratuity in one place for the ease of our readers. Taxation of gratuity under the head Income From Business In the head “Income from Business” if contribution is made to an unapproved Gratuity than no deduction will be allowed for the same- Section 21(e) of the Income Tax Ordinance, 2001 Taxation of gratuity for Salaried Individuals Gratuity is part of salary as specified under section 12(2)(a) and Six Schedule Part III Clause 4 of the Income Tax Ordinance, 2001.  Exemption criteria under Second Schedule Part I Clause 13 Any Gratuity received on retirement of employee by employee himself or by his legal heirs after death of employee shall be exempt from levy of income tax subject to the following limits not exceeding:  1)        in the case of an employee of t
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Procedure for registering mobile phones of persons returning to/visiting Pakistan

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How to obtain exemptions under various provsions of Income Tax Ordinance, 2001 - Sample Letters included

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1. INTRODUCTION 1.1 The exemptions provided under the Income Ordinance, 2001 are spread all over the said statute under various provisions and in order to have an in depth understanding of the same it is very important to analyse all the relevant provisions and to arrange them in a single meaningful way. 1.2 In this blog all efforts have been made to arrange the provisions regarding the exemptions under the Income Tax Ordinance in one place for an easy understanding of its valuable readers. 2. OVERVIEW OF EXEMPTIONS PROVIDED UNDER INCOME TAX ORDINANCE, 2001 2.1 The provisions of exemptions provided under the Income Tax Ordinance, 2001 can be divided into following three broad categories which will be discussed in detail later in this blog: Exemptions and Tax Concessions provided under Part VII of Chapter III of the Income Tax Ordinance, 2001; Exemptions under the ambit of Section 159 of the Income Tax Ordinance, 2001; and  Exemptions and Reduction in T
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