Call Us: (+92-322-2663007) Email Us: info@sme.org.pk
SME Foundation Delegation Held a Meeting with Ghulam Murtuza Jatoi Federal Minister for Industries and Productions Date: 07-12-2017..   Click Here »           President SME Foundation Wali Ullah at AbbTak TV Morning Show Dated: 30-11-2017..   Click Here »           CEO SME Business Solutions Wali Ullah Khan's Telephonic Interview at PTV NEWS Dated 17-11-2017..   Click Here »           Visit to Discovered Health of Ms Sangeeta Dated: 14-11-2017..   Click Here »           Meeting with Pakistan Navy Delegation in Naval Headquarter Karachi Dated: 10-11-2017..   Click Here »          
   
TAXATION SERVICES
 

The road to recovery is to stimulate small & large businesses by means of innovation & to minimize taxation, implement of appropriate regulation & intensive litigation.


Our well accomplished professionals are the main resource to guide you the best solution commanded for taxation. We are available to answer on each of your query on direct taxes or indirect taxes including Income Tax, Sales Tax, FED& Custom duties.

 

 

 

 

 

 


OUR RANGE OF SERVICES INCLUDES:

  • Computation of Income Tax & sales tax after all tax credit.
  • Preparation and Payment of Electronic Challan
  • Payroll Running and Tax Deductions & Tax Rebates guidelines.
  • Performing as E-Intermediary
  • Tax Planning and Strategy Development
  • Assistance in preparation of National Tax Number (NTN) for individuals, Association of persons & companies whether to get register in Income Tax or Sales Tax Registration Number (STRN).
  • E-filing of Monthly Statements u/s 149 & 165 of the Income Tax Ordinance, 2001 and Sales Tax Return.
  • Updated & advised clients on taxation related issues in daily basis.
  • E-filing of Annual return of individuals, Association of persons & companies.
  • Correspondence in going through Audit conducted by FBR or any monitoring notice issued.
  • Plead Appeals of Income Tax or Sales Tax cases.
  • Assistance in obtaining/claiming refunds from Federal Board of Revenue as Tax Refunds.
  • Assistance in obtaining Exemption certificates such as:
      • Approval as non-profit organization (NPO) under section 2(36) of the Income Tax Ordinance 2001.
      • Business exemption under clause 58 of the Second Schedule to the Income Tax Ordinance 2001.
      • Other tax exemptions as applicable.

 

FULLY EXEMPTED FROM FILING OF ANNUAL RETURN OF INCOME
The following persons shall not be required to furnish a return of income for a tax year solely by following reasons:-

  • A widow
  • an orphan below the age of twenty-five years;
  • a disabled person; or
  • In the case of ownership of immovable property, a non-resident person.

 

MANDATORY TO FILE ANNUAL RETURN OF INCOME
Following individuals are mandatory to e-file their Annual Return of Income:-

  • An individual registered under Sales Tax Act, 1990
  • Whose salary income is 500,000/- or more
  • Any person claiming Tax refund
  • Where a person’s income from business exceeds Rs 300,000/- but does not exceeds 400,000/- in a Tax Year is also required to furnish return of income.

Other than the aforesaid individuals, on following criteria a person is also liable to file return of income:-

  • has been charged to tax in respect of any of the two preceding tax years; 
  • Claims a loss carried forward under Income Tax Ordinance, 2001 for a tax year;           
  • owns immovable property with a land area of 250 square yards or more or owns any flat located in areas falling within the municipal limits existing immediately before the commencement of Local Government laws in the provinces; or areas in a Cantonment; or the Islamabad Capital Territory .
  • Owns immoveable property with a land area of 200 square yards or more located in a rating area;
  • Owns a flat having covered area of two thousand square feet or more located in a rating area;]
  • Owns a motor vehicle having engine capacity above 1000 CC;
  • Has obtained National Tax Number[; or] ]
  • is the holder of commercial or industrial connection of electricity where the amount of annual bill exceeds Rs 500,000[; or] ]
  • is [a resident person] registered with any chamber of commerce and industry or any trade or business association or any market committee or any professional body including Pakistan Engineering Council, Pakistan Medical and Dental Council, Pakistan Bar Council or any Provincial Bar Council, Institute of Chartered Accountants of Pakistan or Institute of Cost and Management Accountants of Pakistan.]

MANDATORY TO E-FILE WEALTH STATEMENT
Every taxpayer is obligated to file wealth statement alongwith wealth reconciliation statement irrespective of their income limit; it is amended in Income Tax Ordinance, 2001 tax year 2014 to 2015 Ed (refer section 118(2A).

 

 
 
AREAS OF PRACTICE
Business Formation in Pakistan
Taxation Services
Accounting & Internal Audit Services
Acquisition, Merger & Liquidation of Business
Corporate Secretarial & Advisory Services
Business Management Consultancy Services
Legal Advisory Services
HR Consultancy Services
SME Finance
Arbitration and Dispute Resolution Services
Website Design & Development
 
 
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SME Business Solutions Limited is a Corporate Law Consultant Business Services Company to provide quality services to its clients in different areas with the highest level of integrity.SME Business Solutions Limited is a Corporate Law Consultant Business Services Company.
 
OUR SERVICES
   
Business Formation in Pakistan
Business Management Consultancy
Taxation Services
Legal Advisory
Accounting & Internal Audit
Consultancy
SME Finance
Acquisition, Merger & Liquidation
Arbitration and Dispute Resolution
Corporate Secretarial & Advisory
HR Services
LOCATION
   
Suit No. 401 Al-Fatima Chamber Opp: Passport Office Saddar Karachi-74400 (Pakistan) 
Phone: +92-21-35636001-5
Helpline: +92-322-2663007
Email: info@sme.org.pk 
   
Branch Office: 173-B 2nd Floor Sector C Near Talwaar Chowk Behria Town Lahore (Pakistan)
Phone: +92-423-7861471
Mobile: +92-3000997192 /
+92-3000997191
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