Section 181A – Income Tax Ordinance 2001

Section 181A – Active Tax Payer’s List The Board shall have the power to institute Active Tax Payers’ list. Active Tax Payers’ list shall be regulated as may be prescribed Illustration: ATL stands for Active Payer List, in this list name of all those NTN’s who have submitted tax return. A person who file Income … Read more

Changes in NTN – National Tax Number

Every individual can do below mentioned changes in NTN issued by FBR. There are few changes which can be done online and you don’t required to visit your concerned tax office. A person can change their registration information recorded for filing Income Tax Return in three (3) possible ways. Changing information through Iris, a person … Read more

WithHolding Agents in Pakistan

WithHolding Agents are those who collect tax on behalf of FBR and deposit in Government Accounts. Every incorporated Company is WHT Agent in Pakistan. While in case of AOP And sole Proprietor whose turnover is more than 50 Million fall in WHT Agent list. Section 153(9) of Income Tax Ordinance  In this section, – “prescribed … Read more

LLP Reigstration in Karachi

A new addition in form of business registration legally in Pakistan is Limited Liability Partnership. The word limited doesn’t mean to be limited scope. It actually limited your legal compliance. Every business man desire to do business with limited liability as it mitigate the risk factor and less legal compliance that save time and energy. … Read more

CDA announced Islamabad Budget

Islamabad

Capital Development Authority (CDA) Board has approved Rs. 37.9 billion Budget of the CDA for the Financial Year 2017-18 in its meeting held here at CDA Headquarters on Friday. The Budgetmeeting was  chaired by Mayor of Islamabad and Chairman CDA, Sheikh Anser Aziz. The meeting was attended by Member Finance Dr. Fahad Haroon Aziz, Member Administration Muhammad Yasir Peerzada, Member Planning … Read more

Pakistani Graduate’s Problems

Today’s dilemma is that our mentor/teachers gave us examples of The Henry Ford, Albert Einstein, Warren Buffett etc. While in practical life, we have to face Mr. Cheema, Chaudhry Shab, Basheer Chachu and etc. Our professional life is completely 100% opposite to what we learned in our universities/Colleges. The major reason i observed about the … Read more

Become Tax Payer – Salaried Persons

Almost all salaried individuals have ntn and their tax is automatically deducted from salary from employers end. Therefore, Salaried individuals must submit annual tax return and save themselves from tax penalties. There are three major benefit of annual tax filling. Saving in Bank Transactions Buying/Selling Properties Buying/Selling Vehicles We assist you in this regard with … Read more

FTN’s of Government Departments as Employers

  FTN Name Province 9010000-0 FEDERAL GOVERNMENT Federal 9010100-6 CABINET DIVISION Federal 9010102-2 DEPARTMENT OF COMMUNICATION SECURITY Federal 9010103-7 FEDERAL LAND COMMISSION Federal 9010105-7 INTELLIGENCE BUREAU Federal 9010106-5 NATIONAL ACCOUNTABILITY BUREAU Federal 9010107-3 NATIONAL ARCHIVES OF PAKISTAN Federal 9010108-1 NATIONAL COMMISSION FOR HUMAN DEVELOPMENT Federal 9010109-0 NATIONAL DOCUMENT CENTER Federal 9010110-3 NATIONAL ELECTRIC POWER REGULATORY … Read more

Partnership Act 1932 of Pakistan

THE PARTNERSHIP ACT, 1932 1ACT No. IX OF 1932 [8th April, 1932] An Act to define and amend the law relating to partnership WHEREAS it is expedient to define and amend the law relating to partnership ; It is hereby enacted as follows :‑ CHAPTER I PRELIMINARY Short title, extent and commencement.__(1) This Act may … Read more