Day: May 12, 2021
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De-registration of NTN – Income Tax
How to de-register from income tax or in simple words how to cancel or delete National Tax Number NTN in Pakistan? This question arose in many tax payer especially who registered AOP and Companies. As once closed business they required to do so. In Income Tax Rules there is no rule specific for this purpose.…
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Deregistration of sales Tax
To a query whether sales tax de-registration and cancellation are same things, sources said that under rule 11 of the Sales Tax Rules, de-registration and cancellation of registration are entirely two different things. The registered persons have to follow a detailed procedure for obtaining de-registration certificates. Once a person is de-registered, his sales tax registration…
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Disadvantages/Demerits of Company Registration in Pakistan
Authorize Capital Fee Difficult Closure of Company Fee High Professional Tax WHT Agent Minimum Tax Provision Advance Tax applicable ACT (Alternative Corporate tax ) Update about Address Double Taxation Corporate Tax Alteration in Memorandum required for change in Business Activity UBO Compliances Lack of Secrecy Annual Return Form A/29 Appointment of Auditor Legal Advisor Financial…