Dear ALL,
I want to ask this question which is not related to property.Please if you have some information kindly Answer
I have taken my NTN no in 2007 to start my business.Then i was not able to get some project. I started my JOB from 2007 and i have not submitted my Income Return. after wards i Came in Saudi arabia in 2012. I want to know how i can file my Tax return and should i have to submit my income tax return from 2008 ? Expert point of view is highly appriciated.
Ans replied on Saturday, June 6, 2015 08:27 AM
Sir I hv same problem looking for answer I open a company and moved out of country. |
khalid replied on Saturday, June 6, 2015 08:41 AM
you people must have to file required papers to Income Tax Dept with regard to closure of your business, otherwise one day (could be after 10 years) you will get a notice from Income Tax Department for payment of all outstanding tax with penalties. Take it serious and get this matter closed ASAP. |
Ans replied on Saturday, June 6, 2015 09:19 AM
Thank you Khalid sahib. |
Malik G replied on Saturday, June 6, 2015 12:48 PM
Thanks Khalid Sb for your advice. what about the previous file returns what should we have to do for this? ANy ohter seniors if have some information please provide this will also help many ohters peoples in the same boat |
Abid replied on Monday, June 8, 2015 06:59 AM
For the business in 2008, you should file it in tax returns. after that, you dont need to file. I dont know the latest but when i left Pakistan 5 years ago, law was that you dont file and you dont pay any tax if you are out of Pakistan for more than 81 days in a year. |
