AH Business Solutions

AH Business Solutions AH Business Solutions is a Tax Consulting firm, deal in Income Tax, Sales Tax (SRB, PRA, KPK & BRA) and Corporate Tax Services in all Kind of Business.

10/09/2020

FILING OF RETURN OF TOTAL INCOME AND WEALTH STATEMENT/WEALTH RECONCILIATION STATEMENT FOR THE TAX YEAR 2020 - FROM JULY 01, 2019 TO JUNE 30, 2020
Dear all Client’s
Last date for e-Filing of Income Tax Return For The Tax Year 2020 (30th September, 2020)
===============================================================
I would like to inform you that every individual who is employee of any organization and his/her total income from salary is Rs.400,000/- or more during the period July 01, 2019 to June 30, 2020 is compulsory required to file his/her return of income through electronic filing mode IRIS.
It is to be noted that filing of tax return is very important this year as compare to any of previous Year.
If you want to;
1- Remain filer (otherwise Non filer Paid Surcharge 5,000, 15,000, 25,000)
2- Avoid penalty of non-filing U/S. 182 Amounting to Rs. 40,000/-
3- Buy a vehicle (Non Filer Paid 100% Extra Tax as Per Schedule 10)
4- Buy Property (Non Filer Paid 100% Extra Tax as Per Schedule 10)
5- Open foreign currency bank account
6- Enjoy reduced tax rate in banking transaction, property purchase / sale
7- Avoid tax notices of non –fling / late filing
In view of the above, I request you to please provide me the following statements/ information /documents (which ever applicable in your case). Salary Income / Other Income

1. Salary Certificate from Employer on prescribed format for the period 01-07-2019 to 30-06-2020.
2. Provident Fund Own Contribution Certificate for the period 01-07-2019 to 30-06-2020
3. Details and Evidence of Dividend Income / PLS Profit / Prize Bond Winning Etc.
4. Details and Evidence of Defense Saving Certificate/ National Saving Certificate Purchase and encashed during the period 01-07-2019 to 30-06-2020.
5. Details of Sales / Purchases of Shares along with working of Capital gain.
6. Certificate from banks for tax deduction on cash withdrawal and PLS Profit.
7. Documents of any assets i.e. Motor Vehicle, Flat, Plot, House and Office etc. purchases/sale during the year in the name of Self, Spouse & Children.
8. Complete Bank Statement from 01-07-2019 to 30-06-2020 and Bank Balance Certificate as on 30-06-2020.
9. Encashment Certificate received from Bank regarding Foreign Remittance up to 30-06-2020
10. Life insurance paid during the Period from 01-07-2019 to 30-06-2020
11. Confirmation certificate regarding loan receivable and payable of banks, employer and any others person as on 30-06-2020 with interest paid during the year.
12. Bank Loan Outstanding Balance 30-06-2020 with Principle & Interest.
13. E-enrollment & Personal Expenses Form attached kindly Fill the Same.

In addition to above any other information which you think is necessary in this regard please provide me the same along with above documents.

Regards
SAQIB FIDA CHISHTY

AH B U S I N E S S S O L U T I O N S
(A Tax Consultant Firm)
M. Yousuf Chamber, Plot No. A-30,
Office No. 203, 2nd Floor, Near Maqbool Masjid,
Shahrah-e-Faisal, Baloch Colony, Karachi
Cell # 03131114470 Tel: 341675573-9
Email: [email protected]

01/09/2020

FILING OF RETURN OF TOTAL INCOME AND WEALTH STATEMENT/WEALTH RECONCILIATION STATEMENT FOR THE TAX YEAR 2020 - FROM JULY 01, 2019 TO JUNE 30, 2020
Dear all Client’s
Last date for e-Filing of Income Tax Return (Salaried Person’s) on or before 31st August, 2020.
===============================================================
I would like to inform you that every individual who is employee of any organization and his/her total income from salary is Rs.400,000/- or more during the period July 01, 2019 to June 30, 2020 is compulsory required to file his/her return of income through electronic filing mode IRIS.
It is to be noted that filing of tax return is very important this year as compare to any of previous Year.
If you want to;
1- Remain filer (otherwise Non filer Paid Surcharge 5,000, 15,000, 25,000)
2- Avoid penalty of non-filing U/S. 182 Amounting to Rs. 40,000/-
3- Buy a vehicle (Non Filer Paid 100% Extra Tax as Per Schedule 10)
4- Buy Property (Non Filer Paid 100% Extra Tax as Per Schedule 10)
5- Open foreign currency bank account
6- Enjoy reduced tax rate in banking transaction, property purchase / sale
7- Avoid tax notices of non –fling / late filing
In view of the above, I request you to please provide me the following statements/ information /documents (which ever applicable in your case). Salary Income / Other Income

1. Salary Certificate from Employer on prescribed format for the period 01-07-2019 to 30-06-2020.
2. Provident Fund Own Contribution Certificate for the period 01-07-2019 to 30-06-2020
3. Details and Evidence of Dividend Income / PLS Profit / Prize Bond Winning Etc.
4. Details and Evidence of Defense Saving Certificate/ National Saving Certificate Purchase and en-cashed during the period 01-07-2019 to 30-06-2020.
5. Details of Sales / Purchases of Shares along with working of Capital gain.
6. Certificate from banks for tax deduction on cash withdrawal and PLS Profit.
7. Documents of any assets i.e. Motor Vehicle, Flat, Plot, House and Office etc. purchases/sale during the year in the name of Self, Spouse & Children.
8. Complete Bank Statement from 01-07-2019 to 30-06-2020 and Bank Balance Certificate as on 30-06-2020.
9. Encashment Certificate received from Bank regarding Foreign Remittance up to 30-06-2020
10. Life insurance paid during the Period from 01-07-2019 to 30-06-2020
11. Confirmation certificate regarding loan receivable and payable of banks, employer and any others person as on 30-06-2020 with interest paid during the year.
12. Bank Loan Outstanding Balance 30-06-2020 with Principle & Interest.
13. E-enrollment & Personal Expenses Form attached kindly Fill the Same.

In addition to above any other information which you think is necessary in this regard please provide me the same along with above documents.

Regards
SAQIB FIDA CHISHTY

AH B U S I N E S S S O L U T I O N S
(A Tax Consultant Firm)
M. Yousuf Chamber, Plot No. A-30,
Office No. 203, 2nd Floor, Near Maqbool Masjid,
Shahrah-e-Faisal, Baloch Colony, Karachi
Cell # 03131114470 Tel: 341675573-9
Email: [email protected]

21/03/2020

Federal Board of Revenue (FBR) has said that registered persons to pay Rs5,000 as penalty amount on each invoice for failure to obtain CNIC information of buyers.

Sources in the FBR said that as per updated Sales Tax Act, 1990 up to December 31, 2019 any person who fails to issue an invoice when required under this Act, then such person shall pay a penalty of five thousand rupees or three percent of the amount of the tax involved, whichever is higher.

The penal amount has been specified for Section 23 of the Sales Tax Act, 1990, which mainly deals with tax invoices issued by registered persons, who are also liable to obtain information of Computerized National Identity Card (CNIC) of buyers on sales above Rs50,000.

The mandatory condition of obtaining CNIC information of unregistered persons has been applicable from February 01, 2020, which was to be applied from August 01, 2019.

As per the updated Sales Tax Act, 1990, the section said:

23. TAX INVOICES.– (1) A registered person making a taxable supply shall issue a serially numbered tax invoice at the time of supply of goods containing the following particulars, in Urdu or English language, namely:

(a) name, address and registration number of the supplier;

(b) name, address and registration, number of the recipient and NIC or NTN of the unregistered person, as the case may be, excluding supplies made by a retailer where the transaction value inclusive of sales tax amount does not exceed rupees fifty thousand, if sale is being made to an ordinary consumer.

EXPLANATION. – For the purpose of this clause, ordinary consumer means a person who is buying the goods for his own consumption and not for the purpose of re-sale or processing:

Provided that the condition of NIC or NTN shall be effective from 1st August, 2019;

(c) date of issue of invoice;

(d) description including count, denier and construction in case of textile yarn and fabric, and quantity of goods;

(e) value exclusive of tax;

(f) amount of sales tax; and

(g) value inclusive of tax:

Provided that the Board may, by notification in the official Gazette, specify such modified invoices for different persons or classes of persons; Provided further that not more than one tax invoice shall be issued for a taxable supply.

21/03/2020

‏ایف بی آر نے تین ایس آر او جاری کر دیئے.ایس آر اوز کے تحت کرونا وائرس کے علاج کے پیش نظر متعلقہ ضروری طبی سامان اور مشینوں کی درآمد پر عائد سیلز ٹیکس، انکم ٹیکس، کسٹمز ڈیوٹی و ریگولیٹری ڈیوٹی ادائیگی میں تین ماہ کی چھوٹ دے دی گئی ہے۔ ترجمان ایف بی آر

Address

Plot No. A-30, Office No. 203, 2nd Floor, M. Yousuf Chamber, Near Maqbool Masjid, Shahrah/e-Faisal, Baloch Colony
Karachi

Opening Hours

Monday 10:00 - 18:00
Tuesday 10:00 - 18:00
Wednesday 10:00 - 18:00
Thursday 10:00 - 18:00
Friday 10:00 - 18:00

Telephone

+923131114470

Website

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