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....
Section 181 C – Income Tax Ordinance 2001
Section 181C - Displaying of NTN (National Tax Number) Every Person deriving Income from business chargeable to tax, who has been issued NTN, shall display his NTN at a Conspicuous(Clearly Visible) place at every place of his Business. Illustration: Every Company & Business who have National Tax Number should display NTN...
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...
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 ...
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...
How to Register a Limited Liability Partnership in Pakistan , Step by Step Process
Limited Liability Partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. In Pakistan the concept of Limited Liability Partnership was introduced in 2017. Limited Liability Partnership Act, 2017 was promulgate in 2017 and later on rules regulations were formulated for LLP registration...
Japanese Companies Registration in Pakistan
Japanese Companies Registration in Pakistan There are close bilateral relations between Pakistan and Japan, both countries have common opinion on different regional and international issues. Purpose of the article is to describe Japanese Companies registration in Pakistan- Opportunities and Procedures. Volume of trade between the two countries is around 2...
Russian Foreign Company Registration in Pakistan
How to Register Russian Company in Pakistan Pakistan and Russia are trying to boost bilateral cooperation between the two countries in the fields of energy, trade, commerce, infrastructure, culture and other areas. Both countries are trying to improve relations on the diplomatic front beside it Russia and Pakistan are also...
Certificate of Receipt of Subscription Money
Certificate of Receipt of Subscription Money Companies are required to receive share subscription money from each director in the ratio of share taken or subscribed by him as mentioned and promised in mentioned in memorandum of association. Such money must be deposited in the bank account of the company, within...
Oil & Gas Company Registration in Pakistan
How to Register Oil & Gas Company Registration in Pakistan Pakistan with ideal geographical location is recognized as gateway to central Asia and other states of the region. Energy sector contributes considerable sum of money. Government of Pakistan has stated the Power Sector as one of the top priority for...