Prime Tax & Corporate Services

📊 Understanding the Heads of Income

Under the Income Tax Ordinance, 2001, taxable income is generally computed by considering income under these five heads:

1️⃣ Income from Salary
2️⃣ Income from Business
3️⃣ Income from Capital Gains
4️⃣ Income from Property
5️⃣ Income from Other Sources

Understanding the correct head of income is essential for accurate tax computation and compliance.

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📧 Email: [email protected]

Prime Tax & Accounting Services
Accurate. Compliant. Trusted.

📢 Understanding Debit & Credit Notes under the Sales Tax Act, 1990

A Debit Note or Credit Note may be issued when a tax invoice requires modification due to cancellation of supply, return of goods, change in the nature or value of supply, or any other relevant event.

These adjustments must be made in accordance with Section 9 of the Sales Tax Act, 1990 and reflected in the Sales Tax Return, subject to the conditions prescribed by the FBR.

Stay compliant by maintaining proper documentation and timely adjustments.

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📧 Email: [email protected]

Prime Tax & Accounting Services
Accurate. Compliant. Trusted.

📢 Know the Consequences of Non-Registration under the Sales Tax Act, 1990

The Sales Tax Act, 1990 empowers FBR to take strict enforcement actions against persons who are liable for registration but fail to comply. These provisions include the discontinuation of utility connections, restrictions on bank accounts, bar on transfer of immovable property, and other enforcement measures.

Understanding these provisions is essential for every taxable person to remain compliant and avoid unnecessary legal consequences.

Need assistance with Sales Tax Registration or Compliance?

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📧 Email: [email protected]

📢 FBR Introduces a Simplified Tax Regime for Small Shopkeepers!
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The Federal Board of Revenue (FBR) has introduced a simplified tax scheme to promote ease of doing business and encourage documentation of the economy.

Key benefits include:
✅ Tax at only 1% of gross turnover
✅ Simplified return filing
✅ Generally no audit
✅ No POS/Digital Invoicing requirement (where applicable)

If you're a small shopkeeper or retailer, now is the time to understand whether this scheme is right for your business.

📞 Call / WhatsApp: 0317 4298583
📧 Email: [email protected]

Section 14 of the Sales Tax Act, 1990 specifies the persons and businesses that are legally required to obtain Sales Tax Registration with FBR.

Whether you're a manufacturer, importer, exporter, wholesaler, retailer, or engaged in e-commerce, understanding your registration obligations is essential to remain compliant and avoid legal consequences.

Need guidance on Sales Tax Registration?

📞 Call / WhatsApp: 0317 4298583
📧 Email: [email protected]

💼 Become a Tax Filer Today & Secure Your Financial Future!

Whether you're an individual, business, or company, staying tax compliant helps you avoid penalties, enjoy filer benefits and build financial & legal credibility.

Our services include:
✅ Income Tax Return Filing
✅ Sales Tax Registration & Returns
✅ NTN Registration
✅ Company Incorporation
✅ Tax Advisory & Compliance

📞 WhatsApp: 0317 4298583
📧 Email: [[email protected]]

Prime Tax & Accounting Services
Accurate. Compliant. Trusted.