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The benefit of the NTN registration(National Tax Number) Please understand this blog and give your feedback to Spectrum consultancy.
Whoever gives the income to the Government, he/she has to register himself/herself with the FBR (Federal Board of Revenue) also get the National Tax Number (NTN). A person having NTN registration has the following advantages:
- While any personality gets the NTN registration, he/she become the assessee further have to file the annual Income Tax Return before the Income Tax Department.
- If the NTN holder is a businessman, his business grows more approving and he/she can get many business benefits and NTN registration gives strength to the business.
- The NTN holder can become members of the many good clubs and get many benefits from the different clubs.
- The NTN registration holder also income tax Payer can get multiple advantages from the Government concerning his business and individual too.
- The income taxpayer can get Government contracts and can engage in the auctions and make contacts with the government of the country.
- The income taxpayer can become a member of the chamber of commerce and Industry and avail the privilege of the chamber of commerce and Industry..
- The income taxpayer can make contracts and assignment with the foreign companies and firms, he can get agencies and foreign company liaison office.
- The people have full faith over the NTN registration holder business and favor to do a partnership with that person or company.
- It is the symbol of patriotism that the NTN registration holder is a true person and loyal with the country and indeed pays the tax to the Government.
- The income taxpayer is preferred for the visa of the abroad.
- On the international level, the income taxpayer is recognized as noble, honest and sincere of the country and in any case, he is given relaxation and considered in positive.
- The government and the other person acknowledge the income tax payer respectful and honest who reveal his assets honestly and pay the tax quickly and honestly.
- If the income tax payer gets public designation or converts Govt. servant, nobody can object and no once file disqualification on this ground.