Get Every Single Answers Frequently Asked Questions
Tanweer Habib & Co., provides a comprehensive solution for businesses, company registration, bookkeeping and accounting services, tax consultant, tax preparation and tax advisory, online filing of income tax returns and sales tax returns, as well as other tax and corporate compliance requirements.
Our service fees vary depending on the specific requirements and complexity of each case. We offer competitive pricing and tailor our services to meet your unique needs. For a detailed quote, please contact us directly, and we will provide a customized proposal based on your specific needs.
Individuals with annual income above the taxable threshold, companies, and AOPs (Association of Persons) are required to file income tax returns.
Withholding tax is a tax deducted at source on various transactions such as salaries, payments to contractors, and dividends. It is applicable at varying rates depending on the transaction type.
Yes, donations to approved charitable organizations are eligible for tax deductions under Section 61 of the Income Tax Ordinance, 2001.
Capital gains tax on the sale of property is calculated based on the holding period of the property and the profit earned from the sale.
Commonly required documents include salary certificates, bank statements, tax deduction certificates, proof of investments, and details of assets and liabilities.
The due date for filing income tax returns for individuals and businesses is typically September 30th of each year. Extensions may be granted under specific circumstances.
Pakistan has double taxation agreements with various countries. You can claim relief under these agreements by providing the necessary documentation to FBR.
Tax audits are conducted periodically based on risk assessment criteria established by the FBR. Audits can also be triggered by discrepancies in filed returns.
Advance tax is a prepayment of tax liability based on estimated income. It is paid in quarterly installments and adjusted against the final tax liability.
Yes, tax returns can be revised within five years of the original submission if errors or omissions are discovered.
Tax refunds can be claimed by submitting a refund application along with supporting documents through the FBR’s online portal.
Agricultural incomes are exempt from federal income tax but may be subject to provincial agricultural income taxes.