How to File Tax returns and Register NTN

 

Pakistan has one of the most minimal tax-paying populaces on the planet with just 1% of the residents documenting their expense forms. Starting in 2015, the Federal Board of Revenue has made it obligatory for all people with available wages to document their personal government forms. The public authority has additionally found a way ways to give motivations to filers, for example, no development charge on cash withdrawals and banking exchanges and saving assessments on profits. 

The Pakistani government has additionally begun taking severe measures against non-filers through bank subtleties and property records. In this way, this present time's the ideal opportunity to turn into an expense filer in Pakistan. Here are a couple of master tips you should remember once you start your annual duty documenting measure.

General Instructions

Before you start any computation or online enrollments, it's indispensable that you acquaint yourself with the duty recording directions given by the Federal Board of Revenue (FBR). Along these lines, you'll comprehend the fundamental expense prerequisites and duty sections. You'll likewise discover the fundamental documentation that you'll have to give to record your assessments.

Tax Calculator 2020 -2021

When you have an essential comprehension of the cycle, the subsequent stage is to figure all your available pay just as properties and different resources for deciding your assessment section. Any pay that goes above PKR400,000 yearly is qualified for charge allowances, You can also use the salary tax calculator but if you are the sole Proprietor or AOP you should calculate accounting profits first then apply business tax calculator slab rates.

Required Documents

To start the online tax filing process, you generally need to have certain must-have reports and other required things convenient, including:

  • Original valid CNIC 
  • Original WHT Salary Certificates
  • Details of any Deductible allowance u/s 60
  • A valid email ID for e-enrollment
  • Mobile number registered to your personal CNIC
  • An up-to-date bank certificate and a verification letter from the respective branch of your account
IRIS Tax Filing

To start filing your tax returns online, you need to register and create an ID with FBR’s online portal. You’ll be asked to provide your CNIC and phone number, so make sure you keep both handy. You’ll also be prompted to input your NTN (National Tax Number) from your previous job. In case you don’t have your NTN number, your CNIC will be enough and you’ll be asked to register for NTN before going further.

ATS Consultantx proudly offering is the best E Filing Tax Portal in Pakistan that can take over the cumbersome and exhaustive process of filing tax returns for you. Their organized online system furthers easy and secure filing and can help you save time and maximize your tax savings. We rely on the years of experience of our expert tax analysts and advisors to ensure the best tax filing service at affordable prices. Register NTN and login File My Return become a tax filer in Pakistan through a quick and convenient process!

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