No, CNIC and NTN numbers are
two different numbers. The CNIC is a 13 digit number consist of 3 parts
first part contain five numbers which gives different details of the
person location while the second part is his/her family number and the
last part represents your gender group.
But NTN number is totally different this number has two parts and it consist of 8 digits. NTN number is generated in sequence.
CNIC and NTN were different numbers but FBR has announced that from the fiscal year 2018-19 both will be same.
The announcement to put in CNIC as NTN number is implemented from
last fiscal year 2018-19, the Federal Board of Revenue (FBR) all sets to
utilize the data of companies for broadening of tax base, it is
learnt. Federal Board of Revenue has said that NADRA issued CNIC numbers
will become NTN (National Tax Number) for all Pakistanis and anyone submitting tax returns can use his/her CNIC in place of NTN numbers that were issued by the Fbr.
No, the CNIC and NTN numbers are two different numbers. The CNIC is a 13-digit number that consists of the first three parts of a five-part section that gives different demographic information and the second part is his family number and the last part represents your gender group. But the NTN number is completely different this number has two digits and is 8 digits. The NTN number is generated sequentially. CNIC and NTN have been different numbers but the FBR has announced that from the 2018-18 financial year they will both be equal. The announcement to include in the CNIC as NTN figures in effect from the last fiscal year 2018 - 19, the Federal Board of Revenue (FBR) are all set to use the details of companies to extend the tax base, it is read. The Federal Board of Revenue has said NADRA has issued CNIC numbers to NTN (National Tax Number) for all Pakistanis and anyone who submits tax forms can use their CNIC instead of NTN issued by Fbr. Please check blogs for more informatio...
Prior to the registration and execution of various custom processes, it is recommended that people familiarize themselves with all the basic concepts related to these processes. A basic understanding of these concepts would not only ensure that tasks are performed easily but also in a limited way. Functions of Pakistan Customs : Pakistan Customs must ensure that the following works are done in a lawful manner. Import & Export of legitimate cargo Trade Facilitation Trade Regulator Preventive (Control of contraband Goods) Revenue Collection Basic terminology ACCOUNT: Account means all the records, books, correspondence, bank and financial statements ACT: It means Pakistan’s customs ACT. 1969 (IV of 1969) COLLECTOR: It means “Collector”, “Additional Collector”, “Deputy Collector” and “Assistant Collector”, respectively, means the Customer Collector, Additional Customer Collector, Customs Collector and Customs Collector appointed un...
ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rates on profit on debt to be prevailed during Tax Year 2021. The FBR issued withholding tax card 2020/2021 after incorporating changes made through Finance Act, 2020. The rates of withholding tax on profit on debt under Section 151 of Income Tax Ordinance, 2001 to be collected by person making payment of profit/yield from recipients of (profit on debt) at the time the yield (profit on debt) is credited to the account of the recipient or is actually paid, whichever is earlier. According to the tax card: Section 151(1)(a) Yield or profit (profit on debt) on account, deposits or a certificate under the National Saving Schemes or Post Office Saving Account Up to Rs500,000 the tax rate shall be 10 percent of the gross yield/profit paid Exceeding Rs500,000 the tax rate shall be 15 percent of the gross yield/profit paid and 30 percent if the person is not on the Active Taxpayers list (ATL). The FBR said that it shall be mi...
Comments
Post a Comment