FAQs
Is Non filer can purchase any propety?
No, Non Filer could not purchase any property above 4 million.
If we don't file of Income Tax Return than we will save money?
No, If we don’t file of Income Tax Return than we will pay minimum PKR 20,000/ against penalties.
Is there is any advantages in banking transiction,if we are filer?
Yes, if we are fall in filer category, we will save half taxes on banking transactions as compared to those who are non-filers.
If we don't file of Income Tax Return than we will save money?
No, If we don’t file of Income Tax Return than we will pay minimum PKR 20,000/ against penalties.
What are the precautions to be taken by the assessee while depositing the Sales Tax?
Rate of service Tax is 15% except telecommunication where it is 19.5% on the “value of taxable services”.
What is the rate of Sales Tax on Services?
Rate of service Tax is 15% except telecommunication where it is 19.5% on the “value of taxable services”.
What is procedure for filing of return?
Sales tax return can be filed either electronically or manually. A complete procedure for filing of a return is prescribed under the Khyber Pakhtunkhwa Sales Tax on Services (Filing of Returns) Rules, 2013.
Who can apply for a Trademark in Pakistan?
According to trademark rules and regulations in Lahore and all over Pakistan, a trademark application made by the followings:
- Individuals
- Partnership Firms
- Companies- Limited Liability Partnership, Private and Public Limited Company, Non-Profit Organizations (NGO, Trust, Welfare Society, Foundation etc.)
- NGO’s
How much time does it take to Register a Trademark in Pakistan?
Based on extensive experience, the trademark registry from the time of applying for the issuance of the trademark registration certificate average process time takes more or less 18 months.
What documents required for Partnership Firm Registration?
The below documents required for Partner Registration Firm.
- Proposed name of your firm
- Nature and scope of business
- Full name and CNIC copies of partners
- Full name and CNIC copies of witnesses
- Investment amount by each partner
- Partnership Deed on non-judicial stamp paper worth Rs. 1,000/-
- Office address of the Partnership Firm
What is Copyright ?
Copyright is a type of defense provided in the Copyrights law and protection granted by law for original work of authorship including musical, poetry, movies, novels, songs, software, computer and artistic work, which represents both published and unpublished works. Copyright domain does not defend any facts, systems operations and methods or any idea.
What intellectual property is ?
If you choose the right type of Intellectual Property Protection then this becomes a valuable instrument to stop people from copying your;
- products or brands names
- inventions you have made
- Products designs
- things you made, produce or write
Trademark, Copyright, patents and designs are all kinds of IP protection. Always try to keep kinds of IP Projections secret until they’re registered with the official system of copyright rules and regulations in Pakistan.