Blog Standard

AOP / Partnership Registration

This is a type of business entity that consists of two or more individuals who come together to carry out a business activity and are generally referred to as Partners. Liability of a Partnership Firm / AOP and its partners is deemed the same. A Partnership Firm can have as many office in a district.

Sole proprietorship

HOW TO REGISTER A SOLE PROPRIETORSHIP IN PAKISTAN? The decision to choose the beneficial type of establishment is completely based on the particular nature of business as every sector has its own benefits and drawbacks. While choosing the right type of establishment for any business sector, some major factor that need to be considered including […]

Types of Companies in Pakistan

In Pakistan, there are several types of companies, these include: Private Limited Company: This is a type of company that is privately owned and controlled by individuals as shareholders, who have limited liability for the company’s debts. A private limited company must have at least two shareholders. Shares in private limited company are not available for […]

Single Member Company

This is a type of private limited company that has only one shareholder. A Single Member Private Limited Company can also have as many office in entire Pakistan.

Private Limited Company

This is a type of company that is privately owned and controlled by individuals as shareholders, who have limited liability for the company’s debts. A private limited company must have at least two shareholders. Shares in private limited company are not available for purchase for general public. A Private Company can have as many office […]

Advance Income tax

Advance Tax Under Section 147 Subject to sub-section (2) of section 147, every taxpayer whose income was charged to tax for the latest tax year under this Ordinance or latest assessment year under the repealed Ordinance other than; (a)    income chargeable to tax under the head “Capital Gains”; (b)    income chargeable to tax under sections 5, 6 […]

Agricultural Income

Agricultural Income and its Taxation in Punjab The agricultural income has been exempt from tax under Income Tax Ordinance, 2001. Agriculture Income is defined and explained under section 41 of ITO, 2001. (Reproduced in Annex-A) But the same Ordinance requires agriculture income should be taxed under relevant provincial law to claim the EXEMPT status under section […]