A person having NTN have the following advantages: When any person gets the NTN, he/she become the assessee and have to file the annual Income Tax Return before the Income Tax Department. … The NTN holder and income tax Payer can get many advantages from the Government about his business and individual too
why NTN is Necessary Ensures Avoiding Penalties: Compliance with tax laws and annual filing requirements helps individuals and businesses avoid penalties. Having an NTN not only facilitates financial transactions but also provides financial advantages and legal protection
DOCUMENTS FOR NTN REGISTRATION (INDIVIDUAL)
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i. Original CNIC;
ii. Cell phone No
iii. Personal Email address belonging to him;
iv. Original certificate of maintenance of personal bank account in his own name, if having a Business.
v. Original evidence of tenancy with CNIC of owner and witness/ownership of business premises, if having a business;
vi. Original paid utility bill of business premises not older than 3 months if having a business.
vii. Letter head of Business, if having a Business.
viii. Principle Business Activity
DOCUMENTS FOR NTN REGISTRATION (FOREIGN DIRECTORS)
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• PASSPORT ORIGINAL –PAKISTANI VISA ORIGINAL (IF NOT POSSIBLE THEN PROVIDE
• SCAN COPY).
• SECP CERTIFICATE.
• MOA & AOA OF COMPANY.
• FORM-1,21,29
• UTILITY BILL (ORIGINAL)
• RENT AGREEMENT WITH CNIC COPY OF LANDLORD OR PROPERTY DOCUMENTS.
• MOBILE NO.
• EMAIL ADDRESS.