How to Apply for Change in Accounting Method?
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 […]
How to Remove Your Business from NTN?
As a sole proprietor in Pakistan, managing your tax obligations efficiently is crucial. One important aspect of this is keeping your National Tax Number (NTN) records accurate and up-to-date. This […]
Step-by-Step Guide on DNFBP De-registration with FBR
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 […]
Can a Dead Person Be Asked to File an Income Tax Return?
In Pakistan, there can be situations where the Federal Board of Revenue (FBR) asks for an income tax return to be filed, even for a person who has passed away. […]
Did You Get Advance Tax Notice Under Section 147 of Income Tax?
In recent weeks, many taxpayers have been receiving advance tax notices via email or physical communication, urging them to deposit the specified tax amount within a given deadline. These notices […]
How to Create a Payment Challan for Property Tax for Overseas?
Steps to Generate Online Tax Challan for Tax Relief Visit the FBR Website: Navigate to the FBR e-Services Portal. Select the IRIS (Income and Revenue Information System) option. Create Payment […]
How to Disclose Personal Expenses in Your Income Tax Return?
Disclosing personal expenses accurately in your income tax return is crucial for maintaining compliance with tax regulations and avoiding potential legal complications. In Pakistan, the Federal Board of Revenue (FBR) […]
Tips to Minimize Taxes on Your Foreign Remittances
When receiving foreign remittances in Pakistan, understanding the tax implications and savings opportunities is essential to comply with regulations and minimize potential liabilities. Here’s how the required documentation plays a […]
How to Save Tax on Electricity Bill?
For business owners, saving on taxes can significantly improve profitability. Whether you run a shop, office, or warehouse, understanding how to reduce unnecessary tax burdens is essential. This article focuses […]
FBR Shifts Focus of Tajir Dost Scheme to Target Big Tax Evaders
Tajir Dost Scheme Now via Electricity Bills: The Federal Board of Revenue (FBR) has revised the implementation strategy of the Tajir Dost Scheme. The initial goal of registering all shopkeepers […]