Withholding tax (WHT) is a critical component of Pakistan’s tax structure, serving as a significant source of revenue for the government. In this blog article, we will explore about the intricacies of withholding tax on profits in Pakistan, examining its implications for individuals and businesses, the rates applicable, and the broader context within the country’s … Read more
SUBJECT: SHOW CAUSE NOTICE FOR BEST JUDGMENT ASSESSMENT U/S 121(1)(d) READ WITH 121 (1)(ab) OF THE INCOME TAX ORDINANCE, 2001 – TAX YEAR 2022 Please refer to the subject cited above. This office has credible information that you have made a taxable activity during Tax Year 2022. The detail of particulars is given below: Taxable … Read more
Notice to submit information on questionnaire by DNFBP as per AMLA/CFT – (Real Estate) NOTICE TO REGISTER UNDER SECTION 6A(2)(A) OF THE ANTI MONEY LAUNDERING ACT, 2010, READ WITH SRO 924(I)/2020 DATED 29TH SEPTEMBER, 2020. Whereas it has been ascertained that as per available record, you are liable to be registered as a Designated Non-Financial … Read more
182(2) Notice for Failure to Furnish Return u/s 114: What to Do – Complete Guide for Taxpayers in Pakistan Please refer to this office notice issued u/s 114(4) for filing of Income Tax return. In response to said notice; neither a return has been submitted nor has an adjournment been sought. Since, no compliance has … Read more
Unlocking Your Tax Savings: A Comprehensive Guide to Your PTCL Tax Certificate For many Pakistanis, PTCL services are an integral part of daily life, connecting us to the world through landlines, broadband, and more. What some may not realize is that the taxes paid on these services can be crucial for their annual income tax … Read more
How to Register a Partnership: A Step-by-Step Guide Starting a business with a trusted partner can be exciting, rewarding, and challenging at the same time. A partnership firm is one of the most popular business structures for entrepreneurs who want to combine their resources and expertise. It’s easier to set up than a company, involves … Read more
Company registration in Pakistan is a critical step for entrepreneurs looking to formalize their business operations. This process not only provides legal recognition but also enhances credibility and access to various business opportunities. In this article, we will explore the comprehensive steps involved in obtaining a company registration certificate in Pakistan, the necessary documentation, and … Read more
Sole proprietorships are a popular choice for entrepreneurs in Pakistan, offering a straightforward path to business ownership. In this blog article, w will provide you an in-depth guide on how to register a sole proprietorship in Pakistan, covering essential steps, required documents, advantages, and potential challenges. Understanding Sole Proprietorship in Pakistan A sole proprietorship is the simplest … Read more
Form 26 is a statutory form mandated by the Securities and Exchange Commission of Pakistan (SECP) for companies that have passed a special resolution. This form serves as a formal notification to the registrar regarding the details of the resolution, ensuring compliance with the Companies Act of 2017. Understanding Form 26 is crucial for company … Read more
In Pakistan, the term “Form 1” can refer to several different forms used in various legal and regulatory contexts. Each of these forms serves a distinct purpose, often related to business registration, taxation, or regulatory compliance. In this blog article, we will explore the various types of Form 1, their significance, the processes involved in … Read more
