Best Tax Consultant in Gunjmandi Rawalpindi

Grain and Commodity Dealers

Dealers buy wheat, pulses, rice and other commodities from farmers and wholesalers and sell to retailers and mills. Profit depends on purchase and sale prices and on stock held at year end. Seasonal stockpiling makes year-end stock counts important.

Commission Agents

Arhtis who arrange sales between growers and buyers earn commission. Money that passes through their accounts on behalf of growers is not their income, but their records must show it clearly.

Family Trading Firms

Many firms are partnerships among family members. The firm files as an association of persons, and partners declare their shares.

Cash and Credit

Commodity trade runs on cash and credit. A credit ledger of amounts owed by buyers and to suppliers supports the year's figures.

Supplying Mills and Institutions

Sales to flour mills, hostels and institutions may have tax deducted on payment. These are credits.

Getting Started

Share purchase and sales records, credit ledgers, stock counts and bank statements. We prepare the firm's and partners' returns.

Weighing and Quality Records

Commodity dealers buy by weight and grade. Keeping weighing slips and quality notes with purchase records helps explain price differences and stock losses from moisture or spoilage, which affect profit. These records also help if FBR questions the gross profit rate.