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Quarterly calculation, challan generation, and timely payment compliance for Advance Tax under Section 147 of the Income Tax Ordinance.
Every individual, AOP, and corporate entity with taxable income (excluding purely salaried or final tax regime income) exceeding specified statutory turnover thresholds must deposit quarterly advance tax.
Under Section 205, FBR levies a default surcharge (12% per annum) on any shortfall between actual liability and advance tax deposited. We compute precise quarterly estimates to eliminate surcharge risks.
Meet our lawyers in person or via video call to discuss your matter, factual background, and legal objectives in strict confidence.
We examine the relevant statutes, case law precedents, and documentation to formulate an assertive, tailored legal action plan.
Our advocates prepare thorough pleadings, petitions, appeals, or regulatory applications and file before the competent court or authority.
We represent you actively during hearings, inspections, or proceedings, pursuing lawful relief, stay orders, or successful decrees.
Having these available will expedite your initial legal assessment:
Complete preparation and timely electronic filing of annual Income Tax Returns and Wealth Statements on the FBR Iris portal for individuals, businesses, and AOPs.
Obtaining lower or zero-rate Withholding Tax Exemption Certificates under Section 153/159, and reconciling monthly withholding statements under Section 165.
Strategic, legally authoritative written responses to FBR show-cause notices, audit selections, unexplained asset inquiries, and best-judgment assessments.
Our advocates in Karachi, Lahore, and Islamabad are available for in-office or secure online consultation.