We are team of Chartered Accountants, Taxation cm Trademark and Copyright Attorneys of Punjab Pakistan working in major cities of Punjab.
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Office Number 1, Opposite 1E Samanburg, Johar Town
Lahore
54000
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The way we do...Tax Season is “On its go!!!”
In Pakistan, taxpayers are divided into three main classes. Those whose income’s 50% or above are earned from salary source during the year. These people may be involved in earning other earnings but the main earning would be form salary and thus, they are called Salaried Individuals. Other Individuals who earn more than 50% from business shall be called “Business Individuals”. Secondly those businesses who are working in partnerships are called AOP’s i.e. Association of Persons and Third are Companies.
Last date to file Tax Returns for Individuals & AOPs is 30th September each year after which a penalty of Rs. 40,000 is imposed on defaulters. Now this date is extended till October 31, 2019.
so, All who are interest are advised to submit their tax returns by that date.