KAA Business Consultants Pvt. Limited

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KAA BUSINESS CONSULTANTS
(Sales tax, Income tax, SECP, FBR, PRA, SBR)

Address: Ghouri plaza, near Iqbal high school, g.t. road, Gujranwala.

Services we offer:

1- Taxation (Income Tax, Sales Tax, Provincial Tax, Customs, FED).
2- Corporate (Company Incorporation, SECP Filings, AOP Registration).
3- Finance (Financial Reporting, Financial Budgeting).
4- Audit (External Audit, Internal Audit, System Review, Gap Analysis).
5- Accounting (On-site Bookkeeping, Virtual Bookkeeping, Virtual Assistance, Outsourcing of Staff).
6- Implementation of Internal Control System.
7- Accounting Software Advisor.

Contact:
Mr. Muhammad Ubaid Tariq Attari - Cell # +92-300-7409027
Mr. Muhammad Arslan - Cell # +92-300-3195432

Office Address:
First floor, Ghouri plaza near Iqbal high school, G.T. Road Gujranwala, Pakistan.

Contact for filling return 03007409027, 03043195432, 03344305856

Tax Year 2020
Income Tax Return

Deadline: 08 December 2020

For getting it filed by professionals with supporting computation/working & Tax Planning for next year.

Contact: 03007409027, 03043195432, 03344305856
Email: [email protected]

The FBR updated the rate of tax to be deducted under section 231A of Income Tax Ordinance shall be 0.6 percent of the cash amount withdrawn, for the person whose name is not appearing in the active taxpayers’ list.

The text of Section 231A is as follow:

231A. Cash withdrawal from a bank.—(1) Every banking company shall deduct tax at the rate specified in Division VI of Part IV of the First Schedule, if the payment for cash withdrawal, or the sum total of the payments for cash withdrawal in a day, exceeds fifty thousand rupees.

“Explanation.- For removal of doubt, it is clarified that the said fifty thousand rupees shall be aggregate withdrawals from all the bank accounts in a single day.”

The FBR also updated the rate of tax to be deducted under section shall be at the rate of 0.6%, of the transactions for the person whose name is not appearing in the ’ list.

Following is the text of Section 231AA of the Ordinance is:

. Advance tax on transactions in bank.— (1) Every banking company, non-banking financial institution, exchange company or any authorized dealer of foreign exchange shall collect advance tax at the time of sale against cash of any instrument, including Demand Draft, Pay Order, CDR, STDR, SDR, RTC, or any other instrument of bearer nature or on receipt of cash on cancellation of any of these instruments.

(2) Every company, -banking , exchange company or any authorized dealer of foreign exchange shall collect at the time of transfer of any sum against cash through online transfer, telegraphic transfer, mail transfer or any other mode of electronic transfer.

(3) The advance tax under this section shall be collected at the rate specified in of IV of the Schedule, where the sum total of payments for transactions mentioned in sub- (1) or -section (2) as the case may be, exceed rupees in a day.

Regards.

🛑🛑ALERT🛑🛑
dear taxpayers 2020 income tax return (goshwari) submission has been start now contact us
KAA Business Consultants
Office: 0334 4305856
Ubaid: 0300 7409027
Arslan: 0304 3195432

Tax Year 2020
Income Tax Return
Now Open

Deadline: 30 September 2020

For getting it filed by professionals with supporting computation/working & Tax Planning for next year.

Contact: 03007409027, 03043195432, 03344305856
Email: [email protected]

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