Income Tax Filling:

typewriter, tax return, government-5519035.jpg

To file an income tax return in Pakistan, individuals and businesses must first register for an National Tax Number (NTN) and obtain a taxpayer identification number (NTN). They must then gather all the necessary financial documents and information, such as income statements, bank statements, and tax deductions and credits, to accurately calculate their income and taxes owed.

Once the income tax return is prepared, it must be submitted to the FBR either online or by paper. The deadline for filing income tax returns in Pakistan is typically September 30th, although this date may be extended in certain circumstances.

If the income tax return is filed accurately and on time, any taxes owed must be paid by the deadline to avoid penalties and interest charges. If the income tax return is filed incorrectly or taxes owed are not paid on time, the taxpayer may be subject to penalties, fines, and legal consequences our tax consultant will help you to file taxes on time.

Annual Income Tax Filing- Salaried

Requirements:

  • Annual Salary certificate
  • Other Income sources if any
  • Annual personal expense
  • Details of all owned assets
  • Investments during the year
  • Disposals during the year
  • Other inflows/outflows during the year
  • Other information as required

Annual Income Tax Filing- Sole Proprietor

Requirements:

  • Annual Accounts
  • Other Income sources if any
  • Annual personal expense
  • Details of all owned assets
  • Investments during the year
  • Disposals during the year
  • Other inflows/outflows during the year
  • Other information as required

Minimum Fee: Rs. 10,000
(Actual Fee will depend on the turnover and nature of business activity)

Completion Time:
5 Working Days

Annual Income Tax Filing- Partnership/PVT Company

Requirements:

  • Annual Audited Accounts
  • Taxes deducted at source
  • Other information as required

Minimum Fee: Rs. 15,000
(Actual Fee will depend on the turnover and nature of business activity)

Completion Time:
5 Working Days

Annual Income Tax Filing- NPO/Charitable Trusts

Requirements:

  • Annual Audited Accounts
  • Taxes deducted at source
  • Other information as required

To avail these tax benefits, simply file your income tax return. Our team at Mithan Enterprises is dedicated to simplifying this process for you. Reach out to us, and we’ll ensure your tax return is filed promptly, granting you filer status and its associated advantages in no time.

Leave a Comment

Your email address will not be published. Required fields are marked *