IDEAL Tax Consultant

IDEAL Tax Consultant We are provide services for filing Income & Sales Tax, SRB Returns & also NTN Registration in FBR for (Sole Proprietor, AOP & Incorporated Companies)

For further details kindly contact: Call / WhatsApp: 03212395222
30/08/2019

For further details kindly contact:



Call / WhatsApp: 03212395222

26/08/2019

It is informed that Federal Board of Revenue (FBR) has launched a simplified sales tax registration system for new applicants under which FBR will allocate the Sales Tax Registration Number (STRN) within seconds of the submission of application.

Addressing a press conference here at the FBR House on Tuesday, FBR Member Inland Revenue Policy Dr Hamid Ateeq Sarwar and FBR Member Information Technology Mehmood Aslam said that a major policy shift has been made in providing new sales tax registration numbers to the new taxpayers. Now, the STRN would be issued without any physical interaction with the tax department.

"There would be no queue for filing of sales tax applications and the STRNs would be issued instantly," Mehmood Aslam said.

The FBR had received complaints of harassment from the taxpayers, who also said that they have to visit the tax department repeatedly to obtain STRNs. To address the concerns of the taxpayers, the FBR has totally revised the sales tax registration system and issued a simplified procedure.

The step-wise procedure revealed that the applicant must be holder of National Tax Number (NTN). However, the applicants of individuals' category can provide their computerised national identity card (CNIC) numbers. Taxpayers have been given facility to file sales tax registration application through the 'IRIS' system or mobile application. The applicant will fill form and submit minimum documents with the sales tax application and FBR will issue STRN immediately after submission of documents.

The taxpayer has to visit the nearest Nadra's authorised E-Sahulat Centre for biometric verification within 30 days of allocation of number. In case the applicant does not get biometric verification, the system will make him 'inactive' till he does so, the FBR member IT said.

Explaining the ST registration through the IRIS, the member IT further informed that the new applicant will open the simplified sales tax registration form. The applicant will fill in his name and the system would auto load the information. However, if the applicant is doing new business, the system will also add account number and property. The applicant will select category like manufacturer or other, select member/director for verification (in case of AOP/company), add bank account, business activity and business address, and attach required documents for submission.

The applicant would also submit the bank certificate for the verification of his account declared for sales tax registration, he said.In case of manufactures category, Mehmood Aslam said that the manufacturer has to submit image of the installed machinery and manufacturing premises.

To a query, the FBR member IT said that the FBR will not conduct physical verification of the manufacturing premises, but it will only be done through Geotagging.FBR Member Inland Revenue Operations Seema Shakil said that the FBR will do post-verification of the manufactures to avoid any misuse of the facility of sales tax registration.






For further details:

Call / WhatsApp: 0321-2395222
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11/07/2019

Date of Filing for the year 2018 has been extended till August 02, 2019

For filing return call us;

0321-2395222

Date of Filing   for the year 2018 has been extended to April 30, 2019For filing return call us;0321-2395222
31/03/2019

Date of Filing for the year 2018 has been extended to April 30, 2019

For filing return call us;

0321-2395222

Extension in filing Annual Income Tax Return for the year 2018
15/03/2019

Extension in filing Annual Income Tax Return for the year 2018

06/03/2019

KARACHI: Late filers of income tax returns will not get their name on the Active Taxpayers List (ATL) that will be issued tomorrow (March 01, 2019).

The FBR will issue the latest edition of ATL, which will carry names of those taxpayers who filed their income tax returns by due date for Tax Year 2018.

With the issuance of new active taxpayers’ list the FBR will also suspend the weekly updated list as the late filers have been denied to have their names on the list.

The previous PML-N government in its last budget announcement made a law to restrict the list with those name, who filed their list by due date.

Through Finance Act, 2018 a new provision Section 182A was added to Income Tax Ordinance, 2001 for this purpose.

Section 182A: Return not filed within due date.—

Sub-Section (1): Notwithstanding anything contained in this Ordinance, where a person fails to file a return of income under section 114 by the due date as specified in section 118 or by the date as extended by the Board under section 214A or extended by the Commissioner under section 119, as the case may be, such person shall—

(a) not be included in the active taxpayers’ list for the year for which return was not filed within the due date; and


“Explanation.—For the removal of doubt it is clarified that the provisions of this section shall apply from tax year 2018 and onwards for which the first Active Taxpayers List is to be issued on first day of March, 2019 under Income Tax Rules, 2002.; and

(b) not be allowed, for that tax year, to carry forward any loss under Part VIII of Chapter IV.

The FBR issued its last weekly updated ATL for Tax Year 2017 on Monday, February 25, 2019, which carried those taxpayers list who filed their returns up to February 24, 2019.

The last ATL shows the FBR received 1.84 million returns till February 24, 2019 for tax year 2017.

While, the FBR received around 1.55 million income tax returns for tax year 2018 by due dates for individuals and corporate entities.

07/12/2018

Last date of filing Income Tax Return for the year 2018 is December 15, 2018.

After that no extension shall be entertain by FBR.

For filing tax return contact;

Ideal Tax Consultant

01/12/2018

For filing annual income tax return;

Contact;


Cell #: 0321-2395222

01/12/2018

Annual Income Tax Return Filing date is extended.

Now Last date is December 15, 2018

04/11/2018

Last date of filing tax return is 30th Nov 2018

22/10/2018

Last date for filing Income Tax Return for the year 2018 is 30th November 2018.

For filing tax return contact;


Call # 0321-2395222

Address

Karachi
75400

Opening Hours

Monday 09:00 - 20:00
Tuesday 09:00 - 20:00
Wednesday 09:00 - 20:00
Thursday 09:00 - 20:00
Friday 09:00 - 18:00
Saturday 09:00 - 15:00

Telephone

03212395222

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