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...
Partnership Firm Registration in Islamabad
Partnership is second oldest form of business, it has its own advantage and disadvantages.The form of business later gave birth to the company form of business, corporation, which is considered most advanced form of business. Two or more person agreed to share the profit of a business carried on...
Company Registration in Faisalabad
Company Registration in Faisalabad Faisalabad is the third largest city of Pakistan; Faisalabad is industrial hub of the Punjab. Beside thousands of power looms, cottage industries and small industrial units , hundreds of large and heavy industrial setups are working in the city. Faisalabad contributes over 20% toward Pakistan's annual...
Company Registration in Multan
Company Registration in Multan Multan is fifth largest city of Pakistan, it is like economic hub of Southern Punjab. Multan is connected to motorway and national highway. It has good infrastructural and communication facilities. Multan is like commercial capital of southern Punjab as a large area of the...
How To Register a Trust in Pakistan?
What is Trust Creation of a trust, particularly relating to an immovable property is also a species of transfer of property. Trust is defined in section 3 of the Trust Act, 1882 as ” an obligation annexed to the ownership of property and arising out of a confidence reposed in...
How to Become Tax Filer in Pakistan
How to Become Tax Filer in Pakistan In order to promote the culture of filing tax returns increased/ higher Withholding Tax (WHT) rates have been introduced for Non-Filers. On banking transaction, sale and purchase of vehicles & property and other many transactions higher WHT . Even on annual token...
SBP re-launches SMS service for new currency notes
State BANK SMS Service The State Bank of Pakistan (SBP) has re-launched SMS service for the issuance of fresh currency notes to the public. The distribution will be made through the SBP’s subsidiary, the SBP Banking Services Corporation (SBP BSC). The fresh notes will be available from designated commercial bank...
How to Obtain Personal National Tax Number (NTN)
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...
How to Apply NTN for Partnership / AOP
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...
Sales Tax Registration for Companies
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...