HAQ Associates

22/01/2026

Section 214A – Condonation of Time Period under the Income Tax Ordinance, 2001.

21/01/2026

161. Failure to pay tax collected or deducted.

19/01/2026

Restriction of inter-head adjustment of losses [section 56]

16/01/2026

Rationalization of Appeal Filings before the Appellate Forum

15/01/2026

Tax Rebate to Full-Time Teachers and Researchers [clause (3A) of Part III of the Second Schedule].

13/01/2026

Advance Adjustable Tax on Cash Withdrawal – Section 231AB

29/12/2025

Compliance Advisory – Active Taxpayer Status (Sales Tax Act, 1990)

Taxpayers are advised to ensure timely compliance with their sales tax and income tax filing obligations in order to maintain their status as an Active Taxpayer. The Non-Active condition is mentioned as under section 2(1A) of the Sales Tax Act, 1990.

Under the law, a registered person shall be treated as inactive if they fall into any of the following categories:

1) Blacklisting or Suspension.
The taxpayer is blacklisted or their sales tax registration is suspended under section 21 of the Sales Tax Act, 1990.

2) Non-filing of Sales Tax Returns.
Failure to file sales tax returns under section 26 by the due date for two consecutive tax periods.

3) Non-filing of Income Tax Return / Statement.
Failure to file:
a) Income Tax Return under section 114, or
b) Statement under section 115 of the Income Tax Ordinance, 2001, by the due date.

4) Non-filing of Withholding Tax Statements.
Failure to file quarterly or annual withholding tax statements under section 165 of the Income Tax Ordinance, 2001.

Consequences of Becoming Inactive
An inactive taxpayer may be subject to:
Higher electricity tariff rates etc.

29/12/2025

Drafting inconsistency in Pakistan’s tax framework, plz have a look when you refer to the case.
Rule 32 of the Income Tax Rules, 2002 still refers to the Companies Ordinance, 1984 for determining the books of accounts, documents, and records to be maintained.
However, the Companies Ordinance, 1984 was repealed and replaced by the Companies Act, 2017.
The Income Tax Rules have not yet been formally amended to replace the old reference.

24/12/2025

https://www.facebook.com/share/p/1CwXvTX6KG/

Company Filings at a Glance!

Not all companies have the same filing requirements — SMC, Private, or Public company? Your filing obligations depend on your paid-up capital & company type.

The Matrix outlines:

✔ Post-incorporation filings
✔ Annual compliance!

23/12/2025

https://www.facebook.com/share/1Hr4kTYNHF/

23/12/2025