Monday, 6 July 2020

Finance Act 2020: Hotel business allowed carry forward loss for eight years

ISLAMABAD: Hotel business has been allowed to carry forward loss for a period of eight years from the tax year starting from July 01, 2020.
The amendment has been introduced through Finance Act, 2020, which was recently approved by the National Assembly.
A new sub-section 2B of Section 57 to Income Tax Ordinance, 2001.
The new sub-section is as:
Sub-section 2B: Where a loss, referred to in sub-section (2), relating to a tax year commencing on or after the first day of July 2020 is sustained by a resident company engaged in the hotel business in Pakistan, the said loss shall be carried forward for a period of eight years.”
The sub-section of the Section 57 before the amendment is read as:
(2) If a loss sustained by a person for a tax year under the head “Income from Business” is not wholly set off under sub-section (1), then the amount of the loss not set off shall be carried forward to the following tax year and applied as specified in sub-section (1) in that year, and so on, but no loss can be carried forward to more than six tax years immediately succeeding the tax year for which the loss was first computed.
(2A) Where a loss, referred to in sub-section (2), relating to any assessment year commencing on or after 1stday of July, 1995, and ending on the 30thday of June 2001, is sustained by a banking company wholly owned by the Federal Government as on first day of June, 2002, which is approved by the State Bank of Pakistan for the purpose of this sub-section, the said loss shall be carried forward for a period of ten years.

Source: https://pkrevenue.com/finance-act-2020-hotel-business-allowed-carry-forward-loss-for-eight-years/

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Tuesday, 24 March 2020

Al-Sana Hotel

Stay in Al-Sana Hotel for less with Vacation setup. No Booking Fees for travelers when you book your next Vacation setup through the number one rental site in Pakistan. This is one ob the best hotels in Pakistan. So, setup your Vacations with the Pakistan Hotel Booking website and enjoy tourism in Pakistan

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Monday, 23 March 2020

Shears Excalibur Hotel Sialkot

Stay in SHEARS EXCALIBUR for less with the Vacation setup. No Booking Fees for travelers when you book your next Vacation setup through the number one rental site in Pakistan. Shears Excalibur is located in Sialkot. All famous and important buildings are within short walk distance to all sites and the hotel is surrounded by extraordinary beautiful buildings, shops, and visiting places. Upon entering this charming hotel, you will immediately sense its special intimate atmosphere that makes you feel like being in your own home. Shears Excalibur hotel is featured with Hot tub, Fitness center, Bar, Restaurant, Full-service laundry, Wheelchair accessible, Kid-friendly. The nearest airport is Sialkot Airport, 22 km from the hotel. This is one ob the best hotels in Pakistan. So, setup your Vacations with the Pakistan Hotel Booking website and enjoy tourism in Pakistan

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Friday, 20 March 2020

Resort 99 Murree


Stay in the hotel for less with Vacation setup. No Booking Fees for travelers when you book your next Vacation setup through the number one rental site in Pakistan. The hotel is just 10 minutes away from Main Mall, Road. This guest house in Murree combines a high standard of services with permanent attention to details, you will discover the luxurious comfort and superb cuisine by every modern facility of all 17 elegant guest rooms, suites and executive class/presidential apartments. The bedrooms of Pines Hill guest house Murree are comfortable and tastefully decorated with modern amenities including direct dial telephone, free wireless internet access, cable and satellite channels. Free Car Parking available. The hotel is at a prime location. So, Enjoy your tourism in Pakistan with Pakistan hotel booking website.

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Thursday, 19 March 2020

Luxus Hunza Attabad Lake Resort Hunza



Luxus Luxury Hotel is here to provide you with a unique tour, creating an unforgettable experience of staying, relaxing and rejuvenating in Attabad, Hunza. Inspired by the endless blue and the lakes, Luxus Hunza combines high-quality services that exceed this level of luxury hospitality.

Just a few kilometers from Karimabad City, Luxus Hunza is located right on the shore of Lake Atta Abad. Book your perfect accommodation in Loretus Attabad in the relaxing pool at Tour My Pakistan for good prices. Luxus has a luxus lake view chalet. Tour My Pakistan offers Luxus hotel quality at affordable prices. We offer Luxus Hunza booking online.

























Book your room at Pakistan Hotel Booking website and visit our website for see more resorts and hotels in Pakistan and enjoy tourism in Pakistan with us.

Wednesday, 18 March 2020

Titanic Resort Faisalabad


Stay in TITANIC RESORT for less with the VacationSetup. No Booking Fees for travelers when you book your next Vacation setup through the number one rental site in Pakistan. Titanic Resort located in Faisalabad. Titanic Resort has luxury rooms with all access to the sports hall while staying in our room. Also, give 15% discount in a restaurant with rooms. As well as also providing swimming pools at very low prices and luxury resides here also providing top floor swimming pool with rooms. All the rooms are equipped with basic amenities like the internet, 24/7 Room service, Kitchenette, and some have attached swimming pools. The Faisalabad International Airport is 11 km from the hotel.
Book your room now from one of the best pakistan hotel booking website and enjoy tourism in Pakistan.

Tuesday, 17 March 2020

Umar Guest House

Stay in Umar Guest House for less with Vacation setup. No Booking Fees for travelers when you book your next Vacation setup through the number one rental site in Pakistan. The hotel is just 10 minutes away from Main Mall, Road. This guest house in Murree combines a high standard of services with permanent attention to details, you will discover the luxurious comfort and superb cuisine by every modern facility of all 17 elegant guest rooms, suites and executive class/presidential apartments. The bedrooms of Pines Hill guest house Murree are comfortable and tastefully decorated with modern amenities including direct dial telephone, free wireless internet access, cable and satellite channels. Free Car Parking available. The hotel is at a prime location. So, Enjoy your tourism in Pakistan with Pakistan hotel booking website.

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