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How To Claim Tax Credits And Deductions For Your Business - A CompleteGuide By Filernow

Understanding Input Tax Credit in Pakistan for Small Business Taxpayers - FilerNow.com Expert Guide

If you’re running a business in Pakistan, understanding how to claim tax credits and deductions can help you save big. Unfortunately, many business owners overpay taxes or miss important benefits because they aren’t aware of what’s allowed under FBR laws.

At FilerNow, we help businesses maximize tax savings, reduce penalties, and stay compliant.

What Are Tax Deductions and Tax Credits?

  • Tax deductions reduce your taxable income, e.g., rent, salaries, utilities.
  • Tax credits reduce your final tax payable, like advance or withholding tax already paid.
  • Knowing the difference and claiming both correctly ensures you never pay more tax than you owe.

Common Deductions You Can Claim in Pakistan

  • Office rent or shop rent
  • Employee salaries and wages
  • Electricity and utility bills
  • Marketing, advertising & branding costs
  • Business vehicle fuel and maintenance
  • IT & communication expenses (laptops, internet)
  • Consultancy, legal, and tax advisory services

👉 File Your Return with All Deductions

How FilerNow Helps Businesses Save Tax

At FilerNow, we offer:

  • Complete income tax return filing with max deductions
  • Audit-proof reporting of business expenses
  • Refund claim services for overpaid tax
  • Advice on tax planning and FBR compliance
  • Handling FBR notices if deductions are questioned

Need more information? Contact us on WhatsApp.

Tax Return Filing FAQs

1. Who is required to file a tax return in Pakistan?

Every salaried person, freelancer, business owner, or property holder earning taxable income must file a tax return under FBR law.
👉 Start Tax Return Filing
Not a filer yet? 👉 Become a Filer

2. What documents are needed to file a tax return?

You’ll need your CNIC, salary slip or income proof, bank statement, and any investment or property details.
👉 See Required Documents
No NTN yet? 👉 Get NTN Online

3. Can freelancers or students file tax returns?

Yes. If you're earning income, even from freelance or online platforms, you should file to stay compliant and avoid future penalties.
👉 File Freelance Tax Return
Also check 👉 NTN for Freelancers

4. What are the benefits of filing a tax return?

You become a filer, pay lower taxes on vehicles/property, claim refunds, and appear in ATL (Active Taxpayer List).
👉 Become a Filer Now
Start here 👉 File Tax Return Online

5. What is the deadline for filing tax returns in Pakistan?

For most individuals and businesses, the FBR deadline is 30th September each year. Late filing can lead to penalties.
👉 Avoid Penalty – File Now
Want ATL status? 👉 Filer Registration

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