Abdullah Qadeer
Abdullah QadeerTax & Corporate Lawyer

Tax Services

Income Tax Return Filing - Partnership

File annual income tax returns for your Partnership / Association of Persons (AOP) and distribute tax-free shares to partners.

The situation

Sound familiar?

Your partnership business is active, but filing AOP returns is complex because you need to balance the profit and loss accounts, calculate depreciation, and distribute shares of profit to partners correctly without double taxation.

What's covered

Included in this service

  • AOP annual income tax return filing on Iris
  • Balance sheet, profit & loss statement preparation for FBR
  • Calculation of business expenses, depreciation, and tax credits
  • Proper distribution of share of profit/loss to partners' personal returns

Process

How it works, step by step

  1. 1

    Financials Review

    Day 1–3

    Reviewing ledger balances, sales, purchases, bank accounts, and partner capitals.

  2. 2

    Drafting Return

    Day 4–6

    Preparing the financial statements and tax return on Iris.

  3. 3

    Partner Return Prep

    Day 7

    Drafting the individual partner returns with AOP profit share.

  4. 4

    Final Filing

    Day 8

    E-filing the AOP and partner returns simultaneously.

Documents

What we'll need from you

  • Annual profit & loss statement and balance sheet
  • Bank statements of the AOP account
  • Detail of business expenses (Salaries, rent, utilities, marketing, depreciation)
  • Capital accounts of all partners

Pricing

Fixed fee

From PKR 15,000, depending on business turnover.

Government / regulator fees, where applicable, are quoted separately at cost.

FAQ

Questions I get about this service