NTN – Salaried Person
NTN is necessary for both salaried and business individuals .NTN is required for filing of income tax, being a non filer you attract high/increased withholding tax rate on banking transactions, vehicle purchase, property transactions and vehicle token.
If salary of a person is taxable then NTN must be obtained to become filer and to file tax return. Employee NTN is also considered essential identity for corporate executives.
Filing of Tax Return
Mostly salaried persons presumes that as tax is deducted on the payment of salary to them so they are not liable to file tax return. But one can face too worst legal consequences if return is not filed, specially if one enters in a sale or purchase transaction of property or vehicles. We provide tax return filing services to the salaried individuals.
Filing of Wealth Statement
Filing of wealth statement along with tax return is mandatory for all, wealth statement describes personal expenses, personal assets & liabilities, receipt of funds from other sources, and reconciliation of wealth.