Income Tax Return

 




Asalam U Alikum. This is my first post in my website and this post is all about NTN and Income tax Return. SO what is a NTN(National Tax Number) this is a specific number allotted to desired person after submitting a form with required information and now a days your CNIC number is also your NTN in case of individual person. After acquiring this number you are eligible to submit your Income Tax Return, and here comes the second question that what is Income Tax Return. This is a mixture of all your yearly salary/income calculation and all taxes your paid on your salary and all your assets you have all through your financial year which start from 1st of July and end on 30th of June and after submitting your tax within time you will become Filer and if you submit your Tax Return after the expired time you have to pay some nominal fine to become Filer. And here raises another question that what are the benefits to file income Tax return and become Filer and main and grand benefit that after paying tax on your income you will pay your part in prosperity of your country and your income and all assets will be declared white and there are many other benefits like you have to pay less tax in many cases as per non filer. There is a chart to understand this pholosphy.
So the conclusion is that all of us have to submit the income TAX RETURN and this is also our duty as a civilized person of a country.For any query feel free to contact me. 
My facebook page is fb.me/guruoflaw
and my whatsapp number is +92324-1491929





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