Tax Calculator Registration of Deeds Ask Wakeel .PK

 

                            Tax Calculator

INCOME TAX LAW

The Income Tax Act is a tax levied on the income of natural and legal persons under its jurisdiction. Taxpayers are therefore required to file an income tax return each year to determine the amount of tax to be paid. Income tax is a source of revenue for the government as it is used to support public services, perform administrative functions and reach out to citizens.

All business decisions today involve taxes. You deserve the most practical, focused, and enhanced tax solutions. We offer a wide range of services ,Property Gift Deed Pakistan  from corporate tax returns to complex advisory services and basic tax planning. We can provide you with information on income tax laws and lawyers in Pakistan. Our team of specialized lawyers and tax advisors will help you gain the best possible understanding of Pakistani tax laws.

Our ability to understand our clients and provide them with creative tax solutions is enhanced by our knowledge of different business environments, such as financial services, leisure, retail, sports, high-growth businesses, manufacturing and automotive, technology and telecommunications, public sector, real estate, and utilities.

 We also have several teams of tax professionals who deal with complex areas of tax law. Our consultants will help you plan, develop and structure your business. We are known for our direct approach to our clients' most complex business challenges. We elegantly work with you to expand your business operations, increase shareholder value and ensure the best possible transfer.

Our Services

Our services include but are not limited to tax planning for businesses and individuals, including trusts, cooperatives, and non-governmental organizations. Compliance services, including income tax and VAT returns and accounting arrangements. Representation of clients before tax authorities and assistance in the preparation of submissions to the courts, the High Court, and the Supreme Court.   

Taxation in Pakistan

Federal taxes in Pakistan, like most tax systems in the world, fall into two broad categories: direct taxes and indirect taxes. The following paragraphs describe how these taxes are administered.

Direct Taxes

Direct taxes are primarily income taxes. To finally collect the tax and calculate the total income, it is divided into the following components:

1. wages and salaries
2. interest on securities
3.  Income from real estate
4.  income from a business or profession
5. income from capita
6.  income from other sources    

Taxation & Customs 

        Advising on international taxation, taxation of international transactions, and compliance with double tax treaties. Advice on turnover taxes, including registration, deregistration, and assessment. Obtaining preliminary rulings for proposed companies and businesses. Taxes and duties Establishment of pension funds, provident funds, and other occupational pension schemes and their approval by the tax authorities. General tax advice following current and future legislation and regulations.

Taxation of sales of goods and services

Ask Wakeel is pleased to introduce our team working in the field of taxation. Tax law is like a living organism: it is constantly changing and evolving. As such, it can be difficult to understand. That's why our experts are here to help you understand and comply. In almost every contract, taxes are part of the state's revenue. Sales tax is an important form of taxation that generates revenue for the state budget.

 Ask Wakeel can help you register as a taxpayer and resolve any disputes between you and the tax authorities. This includes tax assessment and collection, assessment of violations and associated penalties, recovery of improperly refunded tax, and other infiltrations and violations under the Sales Tax Act of 1990 and associated guidelines.