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Top Law Firms in Karachi PakistanLaw Firm Founded in 2003, and located in Clifton, Karachi, Irfan Mir Halepota & Associates provides the full range of Complete Legal Services including Corporate Law Services, thus offering a complete relocation package for both individuals and businesses. With a range of qualified speakers of English, French, Sindhi, Urdu as well as other languages at our disposal, we are able to provide timely and accurate guidance to all clients, irrespective of nationality.

We are experienced not only in all types of Trademark, Patent, copyright, Banking, Civil and Corporate Litigation matters, but  able to assist with the complete process of establishing a business or commercial presence in the Karachi, Pakistan, and can assist in relation to all relevant property, tax, company formation and banking procedures.

We also have the capability to undertake Trademark & Patent searches, and carry out enquiries relating to prospective commercial partners in Pakistan, in order to reduce the risk of entering into unsuitable alliances or partnerships.

We aim to provide cost-effective approaches to the needs of individuals, and their families, as well as to businesses and commercial concerns, providing the platform for successful economic activity in Karachi, Pakistani for foreign investors and their associated business ventures.

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Tax

Income Tax Law Firm in Karachi Pakistan

top_law_firms_pakistanThe lawyers of Irfan Mir Halepota & Associates understand the challenges Pakistani businesses face as the federal and provincial tax systems grow ever more complex. Our mission is to decipher that complexity and provide sensible, business-oriented services to our clients on income tax and Sales Tax matters.

Our business clients routinely ask us to help structure their corporate transactions in a tax-effective manner, including reorganizations, estate freezes, and the purchase and sale of businesses and assets. We deliver tax advice from beginning (new corporations, partnerships and joint ventures) to end (business succession and estate planning) and all points in between.

Dealing with tax authorities isn’t always easy, but almost everyone has to do it eventually. We help individuals, corporations and trusts work with the CBR on a range of income tax or Sales Tax matter matters, including audits, negotiations, collections, objections to a reassessment, and voluntary disclosures.

We maintain an excellent reputation to resolve our clients’ matters efficiently and cost-effectively manner. But when agreements can’t be reached, our litigation expertise guides clients through appeals to the Tax Court and Tribunal of Pakistan.

We provide following services to our clients

  • Tax returns and Challans.
  • Reply to Show Cause Notices.
  • Tax Compliance.
  • Documentation of Tax record.
  • TAX LITIGATION
  • Legal Representation before Taxation Officer and Hon’able Superior Courts of Pakistan.

Please Contact Us for detailed consultation.

Telephone: 0321-2057582

Regular Website:  http://www.irfanlaw.com

Categories
Tax

Income Tax Law Firm Karachi Pakistan

Top Law Firms in Karachi PakistanWe are a dedicated Tax Law Firm in Karachi that focuses only on tax legal issues between taxpayers and the Tax authorities. We help our clients efficiently resolve tax disputes, and minimize their tax liability. We are Tax Attorneys that serve in Karachi, Pakistan. We can protect your rights, and help you explore every option for tax relief to obtain the most favorable outcome.

We apply a value added approach to minimize your tax liability for the lowest possible cost by eliminating any useless steps that only increase your cost, but do not decrease your overall tax liability. We handle only tax matters at Insight Law, and are dedicated Tax Attorneys that focus our attention on learning every aspect of the ever changing tax laws. We can serve you effectively no matter where you are located in Pakistan.

If you are having a tax problem, you need dedicated Tax Lawyers. If you are facing an audit, Notice of Deficiency, litigation, lien, levy, or garnishment, and you need a Tax attorney to represent you before the Tax authorities. We handle all tax matters including Income, Employment, Property and Estate and Gift Taxes.

Even if you already have an outstanding Tax Debt, and are already subject to a lien, levy, or wage garnishment, we can help provide a tax attorney immediately. You need a motivated and thorough representative to help you explore all of your options to reduce your overall tax liability. Our Tax Lawyers will use a comprehensive, strategic approach to minimize your liability and achieve the best possible outcome. We can help provide immediate relief by stopping liens, levies, and garnishments, while working with you to reach a more permanent solution. Contact us today for a free consultation with an experienced tax lawyer.

We also provide Estate Planning services for you and your family. Let us use our extensive knowledge of tax and Pakistan property law to provide the perfect estate plan for your family. We also handle  probate matters for individuals in Karachi, Pakistan.

If you require more information, Feel Free to Contact Us for detailed consultation.

Telephone: 0321-2057582

Regular Website:  http://www.irfanlaw.com

Law Firm based in Karachi having well experienced Advocates and Lawyers in the fields of Income Tax Law.
E-26, Executive Floor, Glass Tower, Clifton,
Karachi, Sindh
PK
Phone: 03212057582

Categories
Property Law

Sale of Disputed Properties in Karachi Pakistan

Recently due to imposition of new taxes, investors are avoiding to purchase the properties for which they have signed agreements, the only reason is decrease of market value of the properties. Now a days everyone is trying to sell properties in the market, but there is no actual purchaser. Therefore the said principle of demand and supply is applicable in the property market, as there is too much / high supply and very less demand, therefore value of properties are decreasing day by day.

If you have executed an agreement for sale of property and now purchase is not willing to pay the remaining sale consideration for completion of sale agreement, then we can assist you by filing a case for specific performance of contract for enforcement of agreement executed between you and the purchaser.

There are many judgments of High Court and Supreme court of Pakistan for specific performance of the contract.

Disputed Properties KarachiPeople who are real owners of the disputed properties are generally fed up of trying to sell their valuable properties, but they can not get proper value of their property because their properties are disputed. What are the disputes some encroacher or Land grabber has illegally occupied their property and the gentleman or gentle lady can not get vacate their property from the encroacher, land grabber.

Property possession Karachi PakistanThe position is very worst for overseas Pakistani, who while leave Pakistan handover the possession of their property to their friends and relatives for taking care of the property, but after few years they find that their friends or relatives have encroached on their land. The close friend or relative neither pay the rent of the property nor he is ready to vacate the premises, so the actual owner can rent out the property or get possession of the same, in other words it can be said he had lost his property for ever, simply by trusting his close friend or relative.

Tenant Occupied Rented House KarachiSome times people rent out their valuable property to tenant, but after some time when owner of the property ( the landlord ) need property for his personal use the tenant refuses to vacate the property, the gentle owner of the property has to file the case for eviction of tenant and then has to wait for the decision of the court and decision of appeals if any filed by the tenant.

Sale Purchase Disputed Property KarachiNow a days there is practice in the Karachi, that some influential persons purchase these type of disputed property at the value of 25% from the actual owner and easily get possession of the property. On eviction of encroacher the value of the property because as per market value and the influential investor get more than 300% profit on his actual investment within 6 to 18 months.

Disputed Property is not just a phrase of two words but it is the spread term that thousands of people use to find a good dispute property buyer or a real estate agent who can help them sell disputed property. Whereas the cases of disputed property are countless- the number of good real estate agents who actually buy dispute property or help people to sell disputed property is less. Wherever you go in this world of dispute property will be available for sale, but buyers for disputed property are less, if any buyer is available he will be ready to purchase property in less than 25% of the actual value of the property.

Disputes can be of many types- such as: Homeowner and tenant dispute: You have given your home to someone on rent but that person is now denying emptying it. In other words- the tenant has occupied the home. Shop owner and tenant dispute: You have a shop that you have given someone on rent to make some regular money but now the person has occupied the shop. The person is not increasing the rent and also not emptying the shop.

Land and owner dispute: You have some land in other city or village and you live in other city. Someone else occupies that land.

Family Property Dispute Settlement KarachiFamily dispute: You are three brothers/sisters (can be more) who live in different Cities and Countries. One of the brothers/sisters is staying in the ancestral home has totally occupied the home and denying to give a portion or benefit to others. Likewise- family disputes in property can be of many types.

No paper dispute: You are living somewhere for a longtime but you do not have home registry or other legal documents. These are a few types of disputed properties which people are facing now a days.

We always encourage our clients to get re-possession of their property by applying legal process, so they can get proper market value of their property.

 

 

Submit Your Query For a Legal Advice

 
Law Firm in Pakistan dealing with Commercial, Intellectual Property and Litigation Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582


Categories
Corporate Law Environment Law Intellectual Property Pakistan Business Setup Pakistan Company Registration Pakistan Registered Office Patent Trademark

Schedule of Legal Professional Fees for Corporate Services in Karachi Pakistan

1. Registration of Private Limited Company
•Professional Charges for Registration= Rs. 25,000/- on share capital of Rs 1,00,000/- to 1,000,000/-
•Expenses = Rs. 10,000/ on share capital of Rs. 1,00,000/-
•Advice on complete procedure for registration (not necessary)=Rs. 3,000/-
2. Registration of Public Limited Company
•Professional charges= Rs. 2,00,000/-
•Costs and expenses according to the authorized share capital of the proposed Company.
3. Registration of a Partnership
•Professional charges = Rs. 17,000/-
*Costs and expenses = Rs. 7,500/-
•Advice on complete procedure for registration (not necessary)=Rs.2000/-
4. Joint Venture Agreement
• Professional charges = Rs. 50,000/-
5. Establishing a place of business in pakistan of a foreign Company
• Professional charges = Rs. 50,000/-
•Advice on complete procedure for registration (not necessary)=Rs.10,000/-
6. Registration of company (NGO) U/s 42 of company registration
• Professional charges = Rs.50,000
•Costs and expenses = Rs. 64,000 (Online)
B. National Tax Number Certificate (NTN) and Sales Tax Registration
1. NTN Certificate.
• Professional charges = Rs. 5,000/-
2. Sales Tax Registration.
•Professional Charges = Rs. 50,000/-
C. Opening a Bank Account

1. Board of Directors Resolution (Drafting)
•Professional Charges = Rs.2,000/-

1.Trade Mark/ Service Mark Registration (in one class only)
*Professional Charges for Registration= 25,000/-
Registration costs and expenses are as under:
Trade Mark search fee in (one class): Rs. 1,500/-
Trade Mark application fee in (one class): Rs. 3,000/-
Trade Mark Certificate fee: Rs. 9000
Miscellaneous Expenses: Rs. 1500/-
SubTotal: Rs.15,000/-
D. Intellectual Property Right (Such as Trademark, Patent. Copyright) Registration

2. Copyright Registration (one work only)
• Professional Charges = Rs. 25,000/-
• Expenses = Rs. 15,000/-
• Advice on complete procedure for registration (not necessary)=Rs. 5,000/-

3. Patent or Design Registration (one only)
• Professional Charges = Rs.30,000/-
•Expenses = Rs. 15,000/-
•Advice on complete procedure for registration (not necessary)=Rs. 5,000/-

E. Intellectual Property Rights and Licensing Agreement(s)
1.Trade Mark Licensing Agreement (Drafting)
•Professional Charges = Rs.20, 000/-
2. Franchise Agreement (Drafting)
• Professional Charges = Rs.35, 000/-
F. Purchase / Rent of Office
1. Sale Deed (Drafting only)
• Professional Charges = Rs. 5,000/-
•Costs and Expenses according to the value of the property.
2. Lease Agreement (Drafting only)
•Professional Charges =Rs.7,500/-
G. Import / Export / Licenses / Permissions from
Government Department
Legal Advice concerning any import export license and or approvals, permissions
NOC’s, licenses, registrations with any Government Authorities / Departments.
•Professional Charges = Rs.20, 000/-

H. Taxation Related Matters
Legal Advice regarding Custom Duty and Sales Tax as per rate(s) of levy how and when payable and income tax implications.
• Professional Charges = Rs.20, 000
1. Employment Contract
Professional Charges = Rs.10,000
Any Modification = Rs.3000/-
I. Employment Related Meters
K. Other Miscellaneous Matters

1. Business Sale / Purchase Agreement
• Professional Charges = Rs.20, 000
2. Sale/ Purchase of Goods Agreement
• Professional Charges =Rs.20, 000
3. Provision of Service Agreement
•Professional Charges = Rs.20, 000
4.

L. Retainer-ship services
After setting up of the business enterprise you may avail our retainer ship services.
Retainer-ship services include complete legal documentation and it is a full legal cover
as far as legal documentation is concerned. However, it does not cover litigation
services or costs and expenses, Government fees etc.

Retainer-ship charges for small sized companies i.e. number of employees between 1 to 12 is Rs.15,000 per month.

Retainer ship charges for medium sized Companies i.e. number of employees
between 13 to 50 shall be Rs.20,000 to 35,000 per month.

Retainer ship Charges for large sized Companies i.e. number of employees
exceeding 50 is Rs. 40,000 plus, per month.

Submit Your Query For a Legal Advice

For rapid response you can also submit your Query at WhatsApp on +92 321 205 7582 For a Legal Advice
 
Law Firm in Pakistan dealing with Civil Litigation, Commercial, Intellectual Property, Real Estate and Family Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582

Categories
Tax

Income Tax Law Firm in Karachi Pakistan

Top Law Firms in Karachi PakistanThe lawyers of Irfan Mir Halepota & Associates understand the challenges Pakistani businesses face as the federal and provincial tax systems grow ever more complex. Our mission is to decipher that complexity and provide sensible, business-oriented services to our clients on income tax and Sales Tax matters.

Our business clients routinely ask us to help structure their corporate transactions in a tax-effective manner, including reorganizations, estate freezes, and the purchase and sale of businesses and assets. We deliver tax advice from beginning (new corporations, partnerships and joint ventures) to end (business succession and estate planning) and all points in between.

Dealing with tax authorities isn’t always easy, but almost everyone has to do it eventually. We help individuals, corporations and trusts work with the CBR on a range of income tax or Sales Tax matter matters, including audits, negotiations, collections, objections to a reassessment, and voluntary disclosures.

We try to helps our clients to resolve matters efficiently and cost-effectively manner. But when agreements can’t be reached, our litigation expertise guides clients through appeals to the Tax Court and Tribunal of Pakistan.

 

We provide following services to our clients

 

  • Tax returns and Challans.
  • Reply to Show Cause Notices.
  • Tax Compliance.
  • Documentation of Tax record.
  • TAX LITIGATION
  • Legal Representation before Taxation Officer and Hon’able Superior Courts of Pakistan.

If you require more information, Feel Free to Contact Us for detailed consultation.

Telephone: 0321-2057582

Regular Website:  http://www.irfanlaw.com

Law Firm based in Karachi having well experienced Advocates and Lawyers in the fields of Income Tax Law.
E-26, Executive Floor, Glass Tower, Clifton,
Karachi, Sindh
PK
Phone: 03212057582

Categories
Property Law Real Estate Deals Tax

Property Valuation FBR State Bank of Pakistan

FBR Pakistan Tax Property ValuationThe Finance Bill 2016 an amendment to Section 68 of Income Tax Ordinance, 2001 had been proposed under which commissioner Inland Revenue had been empowered to reject the collector value of provincial government and appoint valuation committee to ascertain fair market value to determine the income tax.

The amendment seeks to determine fair market value of property without regard to value fixed or notified by any provincial authority for the purpose of stamp or for any other purpose.
Property of posh areas in big cities like Karachi, Lahore, Islamabad which disclosed that the declared value was much lower than the open market value thus causing huge monetary losses to national exchequer.
It is generally observed by the Government Authorities that Property business in big cities had become source of parking undeclared or black money.
The amendment is proposed to be effective from July 01, 2016 but the commissioner IR could able to determine the valuation of past six years as envisaged in the tax laws.
The existing Section 68 explains fair market value as:
(1) For the purposes of this Ordinance, the fair market value of any property or rent, asset, service, benefit or perquisite at a particular time shall be the price which the property or rent, asset, service, benefit or perquisite would ordinarily fetch on sale or supply in the open market at that time.
(2) The fair market value of any property 3[or rent], asset, service, benefit or perquisite shall be determined without regard to any restriction on transfer or to the fact that it is not otherwise convertible to cash.
(3) Where the price referred to in sub-section (1) is not ordinarily ascertainable, such price may be determined by the Commissioner.
Further Section 222 of the Ordinance authorized the commissioner to appoint expert. It said: “The commission may appoint any expert as the commission considers necessary for the purpose of the Ordinance for the purpose of audit of valuation.”

Irfan Mir Halepota, Advocate Supreme Court of Pakistan.