All posts by: Awais Aftab

About Awais Aftab

How to Obtain Personal National Tax Number (NTN) National Tax Number and Its Need NTN is necessary for both salaried and business individuals .NTN is required for filing of income tax, being a non filer you attract high/increased withholding tax rate on banking transactions, vehicle purchase, property transactions and vehicle token. If salary of a […]

How to Apply NTN for Partnership/AOP What is National Tax Number (NTN)? National Tax Number is like an identity card of a business it is used to verify the registration of a business with Federal Board of Revenue, the apex tax regulatory authority. NTN is required to open a bank account and to enter in […]

How to Apply Sales Tax Registration for Company What is Sales Tax Registration Number (STRN)? Sales Tax Registration Number is a number allocated by the government of Pakistan to a person/AOP /company, involved in any taxable activity, for charging sales tax on products. Sales tax is an indirect tax, so collected from end users by […]

How to Apply  NTN for Company What is National Tax Number (NTN)? National Tax Number is like an identity card of a business it is used to verify the registration of a business with Federal Board of Revenue, the apex tax regulatory authority. NTN is required to open a bank account and to enter in […]

How to Register Trademark in Pakistan  What is Trademark (TM)? A trade mark is a sign that is used to distinguish business’ goods or services from those of other traders. A trade mark can be represented graphically in the form of your company’s logo or a signature. Intellectual Property organization of Pakistan The only government body that governs rules […]

How to Register Sole Proprietorship in Pakistan Sole proprietorship is ancient form of business organization; it is as old as human civilization. With some merits and demerits, sole proprietorship is easiest to form. Any single person without joining hands with any other person can start a sole proprietorship business in Pakistan. Pakistan is amongst the […]

Registered Office for Company Registration in Pakistan Notice of the location/address of the registered office and any of change therein shall be given within twenty-eight days after the date of the incorporation of the company or of the change, as the case may be, to the registrar who shall record the same. It is customary […]

How to Change Company Address or Registered Office Relevant provisions: Sections 21, 142 and Section 172 of the Companies Ordinance, 1984 read with Rule 3 & 30 of The Companies (General Provisions and Forms) Rules, 1985 Mode of documents submission: Both online and offline STEP 1 Pass resolution in Board of Directors meeting for change […]

Company Registration in Pakistan with Foreign Director A company, being an artificial person, is managed and controlled by the directors of the company. The Directors are the head of a company. They are the supreme authority controlling the managerial and other affairs of the company. They are jointly known as the Board of Directors (BOD) […]

  Company Registration in Pakistan Single Member Company and Private Company (Tabular Comparison) A tabular comparison between Single Member Company and Private Limited Company is as under: Description Single Member Company – Only one natural person as shareholder Private Limited Company – Two or more natural persons as shareholders 1. How company name is written in legal […]

Single Member Company Registration in Pakistan A Single Member Company (SMC) is a class of private company, limited by shares, which is incorporated with one member. SMC does not invite the public to subscribe for any share of the company. The company does not register any share(s) in the name of two or more persons […]

Provident Fund Accounting In provident fund employer and employee contribute a specific amount and at the end of employment accumulated amount, sum of employer and employee contribution, is paid to employee. Suppose total salary (inclusive of all) is Rs.10,500 employee PF contribution:500 Employer’s contribution: 500 Entry will be Salary   10,500————————–Dr. Employer’s contribution  500———Dr. To Provident […]