Order of Refund (U/S 170)
Original price was: Rs. 25,000.Rs. 20,000Current price is: Rs. 20,000.
Required Documents:
- Refund Application (U/S 170): The official application form for the tax refund.
- Previous Tax Returns: Copies of previous tax returns filed.
- Proof of Tax Payments: Receipts or proof of the taxes paid.
- Bank Account Details: Information regarding the bank account where the refund should be deposited.
- Supporting Documents: Any additional documents that support your refund claim, such as invoices, receipts, or contracts.
- Correspondence with Tax Authorities: Any correspondence exchanged with tax authorities related to the refund request.
Instructions: Email your scanned documents and information to sales@taxasaan.pk or WhatsApp them to 03008362021.
Product Description
Meaning of the Service: An Order of Refund (U/S 170) is issued by the tax authorities to process the return of excess taxes paid by a taxpayer. This order allows individuals or businesses to claim a refund for any overpaid taxes, ensuring they are reimbursed for the excess amount.
An Order of Refund under Section 170 can be issued to individuals, firms, or companies. This section is related to income tax under the Income Tax Ordinance, 2001. Section 170 allows taxpayers to apply for a refund of any tax paid in excess of the amount due under the law. The refund can be claimed by any type of taxpayer, whether they are an individual, firm, or company, and it specifically pertains to income tax.
Practical Use Case: The Order of Refund is typically used when a taxpayer has overpaid their taxes, whether due to miscalculations, tax credits, or deductions that were not initially claimed. This service is crucial for individuals and businesses seeking to reclaim their overpaid taxes in an efficient and timely manner.
How It Works:
- Initial Consultation: Our experts will review your refund application and all the provided documents to understand the basis of your refund claim.
- Document Analysis: We will analyze your previous tax returns, proof of tax payments, and other supporting documents to verify the overpaid taxes.
- Refund Calculation: Our team will calculate the exact amount of the refund you are entitled to, ensuring accuracy and compliance with tax regulations.
- Refund Application Submission: We will prepare and submit the refund application to the tax authorities on your behalf.
- Follow-Up: Our team will follow up with the tax authorities to ensure that your refund application is processed promptly and the refund is issued to your specified bank account.
Timeline to Complete the Process: The entire process typically takes 4-6 weeks, depending on the complexity of the case and the responsiveness of the tax authorities.
Benefits for Customers:
- Accurate Refunds: Ensure that you receive the correct amount of refund owed to you, minimizing any errors.
- Expert Assistance: Benefit from the expertise of our experienced tax consultants who will handle the entire refund process for you.
- Time-Saving: Save time and effort by letting our professionals manage your refund application and follow-up.
- Peace of Mind: Rest assured that your refund claim is being handled efficiently and correctly.
- Timely Reimbursement: Receive your refund in a timely manner, improving your cash flow and financial stability.
By using our Order of Refund (U/S 170) service, you can efficiently reclaim your overpaid taxes, ensuring that you receive the funds you are entitled to without any hassle.
