INCOME TAX
Tax compliance witha clearer perspective.
Income tax obligations affect day to day compliance, financial decisions and longer term business planning.
M. Sochan & Co. helps clients register, prepare and file income tax returns and withholding statements, and provides tax planning, advisory and dispute resolution support in Pakistan.
INCOME TAX SUPPORT
Understand the obligation.Plan the response.
Tax compliance is not only about submitting a return. It depends on reliable financial information, appropriate documentation and a clear understanding of how the requirements apply to your activities.
M. Sochan & Co. supports clients through income tax registration, annual filing and withholding statements, and through the advisory matters that sit alongside them — so obligations are approached in an organised and informed way.
OUR CAPABILITIES
Support acrossyour tax requirements.
Select a service to see how the work is shaped. Every service listed is part of the firm's published income tax scope.
Income Tax Registration (NTN)
Support with National Tax Number registration and the documentation it requires, for salaried individuals, sole proprietors and business owners, partnerships and AOPs, companies, and non-profit organisations.
- Salaried individuals
- Business and sole proprietors
- Partnership or AOP
- Companies
- Non-profit organisations
Annual Income Tax Filing
Preparation and filing of annual income tax returns based on your accounts, income sources, assets, investments and other information relevant to the year, for salaried individuals, sole proprietors, partnerships and private companies, and NPOs and charitable trusts.
- Salaried returns
- Sole proprietor returns
- Partnership and private company returns
- NPO and charitable trust returns
Withholding Statements
Support with quarterly withholding statement filing, working from the details of taxes deducted and the related records so the statement reflects what has actually been withheld and reported.
- Details of taxes deducted
- Quarterly statement preparation
- Supporting records
Tax Planning & Advisory
Professional guidance on income tax matters affecting business activities and decisions, including planning considerations within applicable law and the tax side of international matters where they concern the client's circumstances.
- Tax planning considerations
- Advice on business decisions
- International taxation matters
Tax Dispute Resolution
Assistance in understanding tax notices, assessments and related matters, reviewing the position and supporting the client through the response — part of the firm's published tax dispute resolution service.
- Reviewing notices and assessments
- Assembling the supporting position
- Supporting the response
01Income Tax Registration (NTN)
Support with National Tax Number registration and the documentation it requires, for salaried individuals, sole proprietors and business owners, partnerships and AOPs, companies, and non-profit organisations.
- Salaried individuals
- Business and sole proprietors
- Partnership or AOP
- Companies
- Non-profit organisations
02Annual Income Tax Filing
Preparation and filing of annual income tax returns based on your accounts, income sources, assets, investments and other information relevant to the year, for salaried individuals, sole proprietors, partnerships and private companies, and NPOs and charitable trusts.
- Salaried returns
- Sole proprietor returns
- Partnership and private company returns
- NPO and charitable trust returns
03Withholding Statements
Support with quarterly withholding statement filing, working from the details of taxes deducted and the related records so the statement reflects what has actually been withheld and reported.
- Details of taxes deducted
- Quarterly statement preparation
- Supporting records
04Tax Planning & Advisory
Professional guidance on income tax matters affecting business activities and decisions, including planning considerations within applicable law and the tax side of international matters where they concern the client's circumstances.
- Tax planning considerations
- Advice on business decisions
- International taxation matters
05Tax Dispute Resolution
Assistance in understanding tax notices, assessments and related matters, reviewing the position and supporting the client through the response — part of the firm's published tax dispute resolution service.
- Reviewing notices and assessments
- Assembling the supporting position
- Supporting the response
COMPLIANCE AND ADVISORY
Compliance today.Perspective for what comes next.
Compliance
- Income tax (NTN) registration
- Annual income tax return filing
- Quarterly withholding statements
- Supporting documentation and records
Advisory
- Tax planning and advisory
- Tax implications of business decisions
- International taxation matters
- Tax notices, assessments and dispute resolution
HOW WE WORK
From informationto filing.
Depending on the engagement, our work may include some or all of the stages below.
01
Understand
Understand your activities, tax position and what the engagement actually requires.
02
Organise
Review the relevant financial information and supporting documentation.
03
Assess
Consider the applicable tax treatment and the compliance requirements that follow from it.
04
Prepare
Prepare the required return, statement, response or advisory work.
05
File / support
Complete the applicable compliance step, or support you through the relevant tax matter.
REGISTRATION & FILING PACKAGES
Published fees and what we need from you.
These are the firm's published income tax packages, with the indicative turnaround and the documents usually required.
NTN Registration — Salaried
Rs. 1,500
1–2 working days
- Colour copy of CNIC
- Latest paid electricity bill
- Phone number
- Email address
NTN Registration — Business
Rs. 2,500
1–2 working days
- Colour copy of CNIC
- Rent agreement or ownership documents
- Letterhead
- Latest paid electricity bill
- Phone number
- Email address
NTN Registration — Partnership or AOP
Rs. 7,000
2–3 working days
- Partnership deed
- Partnership registration certificate
- Authorisation of principal officer
- Colour copies of partners' CNICs
- Rent agreement or ownership documents
- Letterhead
- Latest paid electricity bill
- Phone number and email address
NTN Registration — Company
Rs. 15,000
2–3 working days
- Incorporation certificate
- Memorandum & articles of association
- Authorisation of principal officer
- Colour copies of CNICs
- Rent agreement or ownership documents
- Letterhead
- Latest paid electricity bill
- Phone number and email address
NTN Registration — NPO
Rs. 15,000
2–3 working days
- NTN of all members
- Registration certificate
- Constitution of the NPO
- Authorisation of principal officer
- Colour copies of CNICs
- Rent agreement or ownership documents
- Letterhead
- Latest paid electricity bill
- Phone number and email address
Quarterly Withholding Statements
Minimum fee: Rs. 5,000
3–4 working days
- Details of taxes deducted
- Other information as required
Annual Income Tax Filing — Salaried
Rs. 3,500
3–5 working days
- Annual salary certificate
- Other income sources, if any
- Annual personal expense
- Details of owned assets
- Investments and disposals during the year
- Other inflows and outflows
Annual Income Tax Filing — Sole Proprietor
Minimum fee: Rs. 5,000
3–5 working days
- Annual accounts
- Other income sources, if any
- Annual personal expense
- Details of owned assets
- Investments and disposals during the year
- Other inflows and outflows
Annual Income Tax Filing — Partnership / Pvt Company
Minimum fee: Rs. 10,000
5 working days
- Annual audited accounts
- Taxes deducted at source
- Other information as required
Annual Income Tax Filing — NPO / Charitable Trusts
Minimum fee: Rs. 15,000
5 working days
- Annual audited accounts
- Taxes deducted at source
- Other information as required
WHO WE SUPPORT
Tax support shaped around the taxpayer.
- Salaried individuals
- Sole proprietors and business owners
- Partnerships and AOPs
- Private limited companies
- Non-profit organisations and charitable trusts
- Businesses with international tax matters
WHY M. SOCHAN & CO.
Tax advice should makecomplexity easier to manage.
Tax matters often sit at the intersection of financial information, regulation and business decisions.
Our approach combines professional tax knowledge with an understanding of the client's commercial circumstances, helping management address tax requirements with greater clarity.
Learn more about the firm- Technical understanding
- Practical advice
- Clear communication
- Responsive support
COMMON QUESTIONS
Income tax questions, answered plainly.
Can M. Sochan & Co. assist with income tax registration?
Yes. The firm supports National Tax Number registration for salaried individuals, business owners and sole proprietors, partnerships and AOPs, companies, and non-profit organisations, including the documentation each case requires.
What information is usually needed to prepare an income tax return?
It depends on the taxpayer. A salaried return typically needs the annual salary certificate, any other income sources, annual personal expense, details of owned assets, investments and disposals during the year and other inflows and outflows. A sole proprietor return works from the annual accounts alongside the same personal information, while partnership, company and NPO returns are prepared from the annual audited accounts and details of taxes deducted at source.
Does M. Sochan & Co. provide tax advisory as well as return filing?
Yes. Alongside compliance work, the firm's income tax service covers tax planning and advisory, international taxation matters and tax dispute resolution.
Can you help with tax notices or assessments?
Yes. Tax dispute resolution is part of the firm's published income tax scope. We review the notice or assessment, work through the supporting information and help you prepare a considered response.
What are withholding statements?
Where a business deducts tax at source on certain payments, it also reports those deductions. The firm supports quarterly withholding statement filing, working from the details of taxes deducted and the related records.
When should a business seek professional tax advice?
It usually helps before a decision is made rather than after — when the structure of the business changes, when a significant transaction is planned, when records or documentation are incomplete, or when a notice or assessment has been received.
INCOME TAX
Need clarity aroundyour tax position?
Talk to M. Sochan & Co. about your income tax compliance, filing or advisory requirements.