How to cancel or Delete the National Tax Number in Pakistan …?
This Question is in many minds specially those who are tax payers and those who registered AOP and Companies as once closed business they required to do so.
In Pakistan there is no specific rule for delete or cancel NTN (National Tax Number). In Income tax laws only a section 117 describe the procedure and guidelines for cancel the National Tax Number.
Section 117 of Income Tax Ordinance
Notice of discontinued Business
1) Any person in Pakistan who want to discontinue there business they shell give a notice with effects that they have to commissioner.
2) The person discontinuing a business shell, under the provisions of this ordinance or being required by the commissioner by notice in writing furnish a return of income for the period commencing on the first day of the tax year in which discontinuance occurred and ending on the date of purpose of this ordinance
Notice has been given under sub-section but the commissioner has the valid grounds to believe that the business has cancel or like to cancel the commissioner may serve the notice on that person that who want to cancel their National tax number or discontinue there business to furnish to commissioner with in the specific time in the notice a return of income for the period specified in the notice.
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