Help Regarding showing buisness

[Inam89]

Dear friends,

I need your help here.

I want to show that I am doing business from last 6 months. I am going to make an NTN number in this week. I don't have any NTN number till now.

1) Will this effect? as it looks that I am making NTN for visa.

2) How will I show my NTN number? I mean are there specific documents that I have to attach and get it from income tax department or I should mention it in a stamp paper in which I am showing my business?

3) Will my NTN be checked whether I have paid any tax? What if I don't have paid any tax?

Please help!!!

 

[Inam89]

PLZ REPLY

 

[Sheryar]

Dear friends,

I need your help here.

I want to show that I am doing business from last 6 months. I am going to make an NTN number in this week. I don't have any NTN number till now.

1) Will this effect? as it looks that I am making NTN for visa.

2) How will I show my NTN number? I mean are there specific documents that I have to attach and get it from income tax department or I should mention it in a stamp paper in which I am showing my business?

3) Will my NTN be checked whether I have paid any tax? What if I don't have paid any tax?

Please help!!!

1: yeah it will, as they will doubt u that how u was running a business without registration?
2: when u will get NTN number by FBR,its is a certificate ,which tells details of the owner,business details,NTN number ,so u will have to provide attested copy of it. as u cant give the orignal bcs of FBR rules and the importance of that document.
3: yeah they will check atleast that ur NTN is authentic, for tax, yeah they can check it also that how much tax u have paid.

 

[AKIF MOIN]

Dear try o understand.

1. If u show business then u have to show Income statement here that represent ur earning since last 6 months because it will be the source of ur bank statement. Ur income statement must be audited by the register auditor and profit must be after tax and deducted by FBR and paid to government seal here must required. Along with ur income statement u have to attache auditor report and FBR attested receipt.

2. U have to show the profit so that u have to pay the required tax to government. It increase ur cost.

3. If u dont pay the tax then u can not draws ur income or profit and then here is no benefit of NTN.

4. These type of documents are usually verify be security commission of Pakistan and when they approve it goes to TRV department.

Ur case is very sensitive, be careful, if u found illegal then u can disqualify for 10 years to Canada and may be also for other countries.

 

[Sheryar]

Dear try o understand.

1. If u show business then u have to show Income statement here that represent ur earning since last 6 months because it will be the source of ur bank statement. Ur income statement must be audited by the register auditor and profit must be after tax and deducted by FBR and paid to government seal here must required. Along with ur income statement u have to attache auditor report and FBR attested receipt.

2. U have to show the profit so that u have to pay the required tax to government. It increase ur cost.

3. If u dont pay the tax then u can not draws ur income or profit and then here is no benefit of NTN.

4. These type of documents are usually verify be security commission of Pakistan and when they approve it goes to TRV department.

Ur case is very sensitive, be careful, if u found illegal then u can disqualify for 10 years to Canada and may be also for other countries.

brother ,do u know in pakistan out of 180 million population,only 18 million are registered for tax and out of these 18 million 16 million pay annual tax of less than 21 thousand,so just tell me one thing that as i am providing NTN of my father bzns,its is manufacturing business, registered since 2000, it have sales around 2.5 crore per year but in profit and loss statement it states that sales are 1.2 crore and the only profit is 4.5 lakh par year ,where as actual income is much more than this,,,so what should i do? should i wait for one year and ask my father to pay 10 lakh in tax and then apply for visa next year? :O plzz answer

 

[Sheryar]

Dear try o understand.

1. If u show business then u have to show Income statement here that represent ur earning since last 6 months because it will be the source of ur bank statement. Ur income statement must be audited by the register auditor and profit must be after tax and deducted by FBR and paid to government seal here must required. Along with ur income statement u have to attache auditor report and FBR attested receipt.

2. U have to show the profit so that u have to pay the required tax to government. It increase ur cost.

3. If u dont pay the tax then u can not draws ur income or profit and then here is no benefit of NTN.

4. These type of documents are usually verify be security commission of Pakistan and when they approve it goes to TRV department.

Ur case is very sensitive, be careful, if u found illegal then u can disqualify for 10 years to Canada and may be also for other countries.

i have only problem of tax,other wise my business is genuine and welll established,, and as far i knw CHC is not fool and he knows that in pakistan people are not paying tax in full,, in jan session my friend went to university in ontario and his father too was doing business(textile owner) and he suggested me that NTN is enough,to show that ur business exist and for how long u have been in business.