Introduction: The landscape of business in Pakistan is evolving, with company incorporation becoming a crucial step for entrepreneurs. As experts in tax consulting and company registration, ABH Tax Consultants Islamabad offers a comprehensive guide to simplify this process.Understanding the Importance of Company Incorporation: Incorporating a company in Pakistan is more than a formality; it’s a [...]

IntroductionConverting a Single Member Company (SMC) to a Private Company (Pvt) in Pakistan is a significant decision for any business owner. ABH Tax Consultants Islamabad is here to guide you through this intricate process, ensuring compliance and efficiency.The Process Overview:Board Approval: The conversion starts with the Board of Directors’ approval.Notice and Resolution: Issuing a 21-day [...]

Staying informed about your tax status is crucial for compliance in Pakistan. The Federal Board of Revenue (FBR) offers various methods to check if you’re a registered filer, ensuring ease and convenience.SMS Verification: Send an SMS to 9966 with “ATL space 13 digit CNIC No” to check your status on the Active Taxpayers List (ATL). [...]

Got 181 Notice from FBR – What should you do? For more Visit Here

Got 115(4) Notice from FBR – What should you do? For more Visit Here

Got 120 Notice from FBR – What should you do? For more Visit Here

119(3) / 114 (Order to grant / refuse extension in time for filing of Return of Income)In light of circumstances mentioned in your application, extension is hereby granted till 15.01.2021. Please note that no further extension will be granted.When do you receive 119(3) / 114 notice from FBR?When a person who is required to furnish [...]

176(1) (Notice to obtain information or evidence)NOTICE UNDER SECTION 176 OF THE INCOME TAX ORDINANCE, 2001 FOR THE TAX YEAR 2018.                                Please refer to the above subject.                                It is intimated that M/S YYYYYYYY AND PRODUCTION COMPANIES ASSOCIATION, NTN 065XXXX-7, falls within the jurisdiction of this office for the purpose of withholding Taxes. During routine examination [...]

What is 119(1)/114? Here is what you should do For more Visit Here

Section 170 of the Income Tax Ordinance 2001 deals with tax refund. If you have paid tax in excess of the amount which was properly chargeable under this Ordinance for the relevant tax period, you may apply to the Commissioner for a refund of the excess amount paid as tax. What is the time frame [...]