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Karachi · Lahore · Islamabad
Income Tax · FBR

Advance Tax Calculation & Compliance

Quarterly calculation, challan generation, and timely payment compliance for Advance Tax under Section 147 of the Income Tax Ordinance.

Common Issues We Help With:

▸ Section 147 quarterly advance tax calculation▸ Quarterly advance tax deadlines (Sep, Dec, Mar, Jun)▸ Avoiding Section 205 default surcharge▸ Estimating turnover and taxable profit▸ Reconciliation with withholding deductions

Core Legal Questions & Court Remedies

Every individual, AOP, and corporate entity with taxable income (excluding purely salaried or final tax regime income) exceeding specified statutory turnover thresholds must deposit quarterly advance tax.

Under Section 205, FBR levies a default surcharge (12% per annum) on any shortfall between actual liability and advance tax deposited. We compute precise quarterly estimates to eliminate surcharge risks.

We Also Assist With:

✓Generating electronic PSID payment challans on FBR e-portal
✓Filing turnover-based quarterly estimates under Section 147(4A)
✓Adjusting import and supply withholding taxes against advance tax liability
✓Responding to FBR Section 147 compliance notices
✓Corporate advance tax quarterly reporting

How We Represent Your Case

Step 01

Initial Consultation

Meet our lawyers in person or via video call to discuss your matter, factual background, and legal objectives in strict confidence.

Step 02

Legal Strategy & Research

We examine the relevant statutes, case law precedents, and documentation to formulate an assertive, tailored legal action plan.

Step 03

Drafting & Court Filing

Our advocates prepare thorough pleadings, petitions, appeals, or regulatory applications and file before the competent court or authority.

Step 04

Court Advocacy & Follow-Through

We represent you actively during hearings, inspections, or proceedings, pursuing lawful relief, stay orders, or successful decrees.

Required Documentation Checklist

Having these documents ready expedites our legal review and drafting process.

☐Quarterly management accounts or sales ledgers
☐Withholding tax deduction certificates received from clients/banks
☐Previous tax year filed return and assessment order
☐Bank statements for the relevant quarter

Frequently Asked Legal Questions

Yes. By submitting an estimated tax computation under Section 147 before the due date, advance tax liability can be lawfully aligned with reduced turnover.
Consult With An Advocate

Discuss Your Advance Tax Calculation & Compliance Matter Today

Our advocates in Karachi, Lahore, and Islamabad are available for in-office or secure online consultation.