Tax Asaan

Why Become A Tax Filer?

Are you still wondering why you should get your NTN and become a tax filer?
How can tax filing registration help you?
How to do online income tax filing verification?

Don't worry; we have all the answers!

The TAX CLIMATE is Changing! Everybody must play his role in National Development.
There are fair indication that tax money is not squandered. So hurry and file your Tax Return in an "easy way" through Tax Asaan.

Tax Savings

Get maximum tax savings like claiming tax credits for investments and adjustment of taxes paid on utilities, vehicle, property transactions, and cash withdrawals etc

Lower the Rate of Withholding Taxes

Non-Filers are subject to higher rate of taxes on various transactions e.g. withholding tax is applicable on cash withdrawals and banking transfers exceeding Rs. 50,000.

Avoid Penalties

Be a responsible citizen and avoid penalties and / or prosecutions from the FBR for not filing return.

Compliance Check

Many government-related organizations and banks now check your FBR tax filer status before acceding to your requests, like registration of company, purchase of property and loan processing etc.

Why Use TAX aSAAN?

We've streamlined the process of filing taxes in Pakistan. You just need to provide us with information of your earning,expenditure and belongings on a simple, easy to understand format.We shall then do the completion, advise you further tax payable (if any) and file you returns digitally.Thus you benefits as follows:

1. Qualified and well experienced team comprising of Chartered Accountants, Cost and Management Accountants and Income tax Practitioners

2. Prompt Attention

3. Cost effective. Discounts available for Corporate 50+ Returns of a single company

4. Ease in filing:

5. Secure and Safe

6. Maximize Tax Savings

7.Value Added services - Tax registrations, Accounting and related services, Software solutions, Corporate Returns, Company Incorporation and Investigations

8. Experience of over 30 years

9. Limited time offer for Salaried Individual - first 100 customers can take benefit at nominal rate of Rs. 2,500/- per Return (Terms and conditions apply)

FAQs on TAX

1. What information do I need to provide to complete the process?

The information required to complete the process is fairly simple, and mainly depends on the sources of your income and type of your financial transactions and assets. Some of the documents that will be handy in answering the questions are as follows:

Salary Certificate provided by your employer
Bank Statement or certificate from the bank showing the profit paid and taxes deducted by the bank, if any.
Personal utility bills for expenses incurred and advance tax paid
Certificate of capital gains and tax thereon, issued by NCCPL against your stock trading activities, if any.
Statement of investment in mutual funds, if any.
In case of air travel in business class, copy of air ticket / invoice indicating the amount of tax deducted.
Certificate of tax deductionprovided by your cellular network company in case of post paid connection.
Invoices issued by educational institutions indicating tax paid, if applicable.
In case of any vehicle purchased during the year, copy of the registration book / documents issued by the Excise department.
Property documents for any transactions (purchase or sale) during the year.

2. My employer already deducts tax on my salary and I don't have any additional source of income. Do I still have to file my tax return?

Yes. Your employer might have deducted the applicable tax on your salary. However, you should still file your tax return to avoid penal consequences of non-filing and / or paying extra taxes on various transactions levied on non-filers.

3. Is there any benefit of becoming filer besides compliance?

Tax filers can take adjustment benefit of various taxes paid by them on various transactions like taxes paid on utility bills, cash transactions, educational fees, business class air tickets, purchase of motor vehicle and properties etc. In addition, filers can also get tax credits for investment in mutual funds and insurance premiums and donations or zakat paid to approved charitable organizations. A non-filer is also subject to higher withholding tax rates including on bank transfers, motor vehicle taxes, capital gains, dividend income, etc.

4. I don't have any property or valuables in my name; do I still have to file wealth statement along with the income tax return?

Wealth statement has to be filed by a resident individual who is required to file his income tax return. It is simply a statement of your assets and liabilities. In this statement you have to mention the details of all the assets that are in your name or your dependents like your wife and children. Some of the common examples of assets are properties, vehicles, jewelry, cash at bank and saving certificates etc. You are also required to provide details of your personal expenses as part of your wealth statement e.g. rent, Travelling, utility charges, education and other household expenses.

Even if you do not have any assets and liabilities, being a resident individual, you are required to file Wealth Statement showing movement of assets from the beginning of the year on July 1 till end of year on June 30 and reconcile the income earned with expenses incurred during the year.

5. Is there any penalty if I don't file my tax return?

Yes. If you fail to file your tax return then you could be fined with a minimum penalty of check.

6. What about customer support?

TAX aSAAN is backed by leading tax consultants and Chartered Accountants so you can be sure of receiving best services from the experts. You can reach us any time using the following modes:

Phone:03363561675 (9:00 a.m. to 5:30 p.m. Monday to Saturday)
Email: info@taxasaan.com.pk

7. TAX aSAAN is asking me to provide some information whichi like to keep private.Will my information remain secure and confidential?

We only ask for the information which is needed to complete forms as a part of your return to be filed with FBR. We follow strict procedures to ensure security and confidentiality of your data.

Services

Accounting

We take care of your accounting department so that you can focus better on your business.

* Setting up of Accounts Department
* Preparation of Accounting Procedures and Policies

* Hiring and Training of Accountants

* Computerization of Accounting Department

* Customized Accounting Software

* Outsourcing of Accounting Department

* Providing Services of Book Keeping

* Preparing financial statements, i.e. Balance Sheet, Profit & Loss Account,Statement of Comprehensive Income, Cash Flow Statement and Statement of Changes in Equity.

* Supervision of Accounting Department

* Development of Accounting Structure

Direct Tax

We aim to ensure prompt and efficient tax related solutions for our clients.

* Obtaining NTN

* Preparation and Filing of Tax Returns

* Representation on behalf of Clients Before Tax Authorities

* Obtaining Exemptions and Withholding Tax Certificates

* Taxation Advisory Services

* Corporate Taxation Compliance

Indirect Tax

Our services include:

* Obtaining Sales Tax Registration.

* Preparation and Filing of Monthly Tax Returns.

* Representation on Behalf of Clients Before Tax Authorities.

* Facilitating Issuance of Zero Rating, Exemption, Reduced Tax

Rate or Concessionary Notification Under Customs, Sales Tax and Excise duty laws.

* Assisting Clients Over Legal Matters Under Sales Tax Act, 1990, Sindh Sales Tax on Services Act 2011, Federal Excise Act 2005 and Customs Act 1969.

* Handling Refund/ Drawback Matters.

Secretarial Consultancy

Our services include:

* Incorporation of Companies.

* Registration with Regulatory Authorities and Trade Bodies.

* Assistance in Secretarial Practices and Filing of Periodic Returns.

* Regulatory Compliance.

* Formation & Registrations/ de-registrations of Partnerships and Changes in partnership Deed.

Audit & Assurance

Our clients will benefit from the following services being offered:

* Financial Statements Audit under Companies Act 2017 and other Regulatory Requirements

* Internal Audit Services

* Cost Audit

* Special Audits & Certifications

* Due Diligence

Software Services and ERP Implementation

We have collaborated with software houses to provide Software solutions to medium and small scale organizations at affordable cost. The software can be customized and are available on both rental and purchase basis. Our team can assist in the selection and analysis of software and their implementation

BPOs & HR Outsourcing

Our services include:

* Accounting Services for Main Business, Provident Fund, Gratuity Fund etc.

* Payroll & Employee Benefit Plan Management

* Fixed Assets Management

* Filing & Archiving

* Short-term and Long-term HR Outsourcing for Accounting Related Activities / Services

Business Consulting

We offer an array of services to meet our client's needs:

* Documentation of Policies and Procedures Manuals

* Executive Search Services

* Project and Investment Appraisals

* Assistance in Processing Bank Loans

* Business Valuation

* Planning and Budgeting

* Inventory Control and Management

Professional Training and Development

We provide Trainings which can be customized on Corporate or Personal level.

* Microsoft Excel

* Customer Service Skills

* Time Management

* Stress Management

* Work Life Balance

* Presentation Skills

* Art of Managing People

* Accounting for Non Finance Executives

How To Reach Us

Email : info@taxasaan.com.pk

Contact# :03363561675

Address: Suite# 214, 2nd Floor, Park Avenue Building, P.E.C.H.S Blcok 6, Shahrah-e-Faisal, Karachi, Pakistan