Our Services Include:

Income Tax Planning

Awarness

Prepartion ravelant documents

• Income Tax Return filing with wealth statement
• Compliences of tax matter
• Taxation Accounting
• Assessment and adjudication services
• Appeals and petitions
• in house controling system

Services scope for:

Individual | AOP | Company

• Importer, Exporter, wholesaler, distributor, retailer
• Manufacturers,
• Service Provider
• Salary

General Information :

Type of Taxpayer:

• Individual
• Association of Persons (Defined in Sec 80) 2(6)
• Company (Defined in Sec 80) 2(12)

Who is required to file return of income u/s 114 ?

• Every compnay
• Other than company having taxable income exceeding RS 400,000/-
• Non Profit Organization, Welfare Institution
• Person Charge to tax in last two yeats
• Person claiming loss to be carried forward
• Own immovable property of 500 sqyd or more or a flat falling within the municpal limits
• Own immovable property of 500 sqyd or more or 2500 sft flat in rating area
• Own motor vehicle of more than 1000cc
• Obtained NTN
• Holder of Commercial or Industrial undertaking where annua bill exceeds Rs 500,000/-
• Resident Person registered with any CoC, trade or busines association, market committee or any professional body
• Indivusual having business income exceeding RS 300,000/-
• Every salaried indivusual having income exceeding Rs 400,000/-
• Every resident person being an indivusual required to file foreign income and assets statement u/s 116A

Withholding Tax & Segment s for Taxpayer:

• Normal Tax Regime:

Adjustable against final tax liability of taxpayer

• Minimum Tax Regime:

If actual tax is less than the tax deducted at source, the
difference is not refundable and if actual is more than the tax deducted then differential shall be paid.

• Presumptive Tax Regime:

Considered as full & final discharge of tax liability of taxpayer.

WHAT IS INCOME – Section 2(29):

• Amount chargeable to tax
• Amount subject to collection or deduction of tax
• Any amount treated as income under any provision of this Ordinance
• Any loss of income (e.g. Insurance claim)

HEADS OF INCOME:

• Salary (Sections 12-14)
• Income from Property (Sections 15, 15A, 16)
• Income from Business (Sections 18-36)
• Capital Gains (Sections 37-38)
• Income from Other Sources (Sections 39-40)