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Common accounting mistakes

Common accounting mistakes made by businesses in Pakistan

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Running a successful business in Pakistan requires effective financial management, including accurate accounting practices. However, businesses in Pakistan, like anywhere else, are prone to making mistakes in their accounting processes that can have serious consequences. In this blog post, we will highlight some of the common accounting mistakes made by businesses in Pakistan and provide […]

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Taxable Income in PAKISTAN

Taxable Income in PAKISTAN ( What is minimum taxable income in Pakistan? )

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Taxable Income in PAKISTAN Taxable Income means Total Income reduced by donations qualifying straight for deductions and certain deductible allowances. In Pakistan, taxable income includes all sources of income earned by an individual or a business during a tax year. The following are some examples of taxable income:   Salary income: This includes all forms

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How to File Income Tax Return in PAKISTAN

How to File Income Tax Return in PAKISTAN ( How can I file my Income Tax Return by myself? )

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How to File Income Tax Returns in PAKISTAN   To file an Income Tax Return in Pakistan, you will need to follow these steps: Gather the necessary documents: This will include your Tax Identification Number (TIN), your salary slips, bank statements, and any other documents that are relevant to your income.   Calculate your taxable

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How do I cancel my FBR registration? )

Cancellation of Income Tax Registration in Pakistan ( How do I cancel my FBR registration? )

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To cancel an Income Tax Registration in Pakistan, you will need to follow these steps:   Submit a written request for de-registration to the Federal Board of Revenue (FBR) along with the reason for cancellation.   Provide proof that all outstanding taxes and penalties have been paid, and that there are no pending assessments or

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REGISTER PARTNERSHIP IN PAKISTAN

REGISTER PARTNERSHIP IN PAKISTAN ( Where can I register my partnership business in Pakistan? )

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To register a partnership in Pakistan, you will need to follow these steps:   Choose a business name: Select a unique name for your partnership that is not already in use by another business.   Obtain a National Tax Number (NTN) for each partner: This can be done by visiting the nearest Regional Tax Office

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