Question

60x64
Muddasir
Question

Dear Qanoon, First of all, I sincerely thank all who started and are participating to maintain this excellent website for public service. Overseas Pakistani are exempt from income tax. Can they get income tax registration certificate for banking purpose? If an Overseas Pakistani gets income tax number, will he be required to file annual tax returns.

Answer by Lawyer

Answer

No need to file tax return. you can get NTN for any other purpose.

Answer

yes, return are necessary to be submitted at the end of each fiscal year. but submission of return does not necessary means that you will have to pay tax each year.