NTN Registration Business
FBR/NTN registration is required for businesses to legally operate and fulfill their tax obligations. It allows the government to track income, enforce tax laws, and ensure compliance.
1. Who needs to file it?
Individuals running their own businesses, freelancing, or practicing professions such as doctors, lawyers, and consultants.
All registered businesses, including sole proprietorships, partnerships, and corporations.
Individuals and entities with taxable income from investments such as dividends, interest, or capital gains.
2. How can you file it?
CNIC, salary slips, bank statements, investment records, expense receipts, and property details.
Visit the FBR IRIS portal, create an account, fill in required information, and submit documents.
Enter income details and deductible expenses.
Pay through designated banks or online banking and keep the receipt.
3. What is the benefits?
Reduce taxable income through medical expenses, donations, and education deductions.
Save on taxes with investments in NSCs, VPS, life insurance, and EOBI contributions.
Contributions to EOBI are tax-deferred, reducing current taxable income.
Ensure legal compliance and avoid penalties.
