Need professional assistance with your tax needs? This category offers a range of tax services, including filing, planning, and compliance. Whether you’re an individual or a business, you can find tailored solutions to your specific tax challenges.
Reconciliation of net assets is a critical concept in finance and accounting, particularly when filing income tax returns. It ensures that all financial transactions, including income, expenses, savings, and investments, […]
When buying or selling property in Pakistan, several taxes and duties are applicable. These taxes can be divided into adjustable taxes, which can later be claimed or adjusted against other […]
Tax planning is an integral part of financial management, ensuring compliance with tax laws while optimizing tax liabilities. The following article provides insights into essential tax planning practices, with a […]
The Income Tax Ordinance, 2001, provides a framework for determining the cost of an asset for tax purposes. This is a crucial step in calculating depreciation and determining capital gains […]
The application to change the method of accounting is guided by Section 32(4) of the Income Tax Ordinance, 2001. According to this section: A person can apply in writing to […]
Here’s a detailed guide on how to apply for de-registration of a DNFBP with the FBR: Understanding DNFBPs and De-registration DNFBPs are businesses and professions that, due to the nature […]
Registration Process: To register as a POC Holder with the FBR, you’ll need to follow these steps: Visit the FBR IRIS Portal: Open your web browser and go to the […]
Overseas Pakistanis may be required to pay advance tax if they have certain types of income arising in Pakistan. This applies to income such as: Rental Income: If monthly rental […]
If you’re an AJK resident wondering how to check your tax payments made to the Azad Jammu and Kashmir Inland Revenue Department (AJKIRD), this guide will help you navigate the […]
Standard or General Tax Rate Application Opting for Standard Rate: Businesses offering services taxed at reduced rates can choose to apply the standard rate with approval from the Management Committee. […]
