How to Submit/Efile Income Tax Return and Wealth Statement Online With FBR for Tax Years 2015, 2016, 2017 & 2018

Updated on August 17, 2018
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Fassee Ullah is a Corporate and Tax Consultant in Lahore, Pakistan.

Income Tax Return and Wealth Statement for 2018: Changes for Non-Resident Pakistanis

The Federal Board of Revenue has uploaded the income tax return and wealth statement for tax year 2018. There is almost no change in the income tax return for tax year 2018 as compared to the tax return for tax year 2017. However, a new form has been introduced—Form under section 116A of Income Tax Ordinance 2001—which is related to the income and assets of non-resident Pakistanis. Earlier, non-resident persons were not required to file a wealth statement and it was sufficient for them to file income tax return. However, now non-resident Pakistanis have to file Form under section 116A otherwise their income tax return under section 114(1) cannot be submitted.

Important Changes Regarding Filing of Tax Return for Tax Year 2018

Another very important change is that earlier, taxpayers, even if they filed the income tax return after the due date, become the filers/active taxpayers every Monday. However, now, a person can't become a "filer" after the due date even if they file a tax return.

This means that the Active Taxpayers List, based on returns for tax year 2018, will be updated on 01.04.2019 and no further update will be made.

At present, the last date for filing of tax return is 30th September 2018. If a person does not file the return by the due date, and files a return after that date (e.g. on 01.10.2018), that taxpayer will not be an active taxpayer / filer during the whole year 2019.

If the income tax return for tax year 2018 is filed in time, however, the person will remain an active taxpayer during all of 2019.

Change in Tax Rates and Tax Slabs

The Government of Pakistan through Finance Act 2018 has raised the limit for taxable income to Rs.1,200,000. People having an income of Rs.1,200,000 have to pay income tax of just Rs.2,000 per year. This amendment is applicable to the income earned during 1.7.2018 to 30.06.2019. However, when filing an income tax return for tax year 2018, we have to follow the tax rates for 2017-2018, where the taxable limit is just Rs.400,000 only.

Tax Rates for Business Individuals and AOPs

Tax Return for Tax Year 2017 is Ready for Submission

There is not much change in the tax return for tax year 2017 compared to the return for tax year 2016. We hope that the IRIS system of FBR now works smoothly and bona fide taxpayers do not face as many problems as they faced last year. We pray that FBR this year removes the deficiencies in the return process and ensures the smooth running of its online system for filing returns.

FBR website: http://www.fbr.gov.pk/

IRIS taxpayer login: https://iris.fbr.gov.pk/infosys/public/txplogin.xhtml

Filing Income Tax Returns Online in Pakistan

This article is an humble attempt to guide the taxpayers who intend to file their income tax returns on their own without help of any tax lawyer of practitioner.

Earlier, salaried individuals were not required to submit their income tax return if their only source of income was salary and their income was below Rs.500,000. However, with effect from tax year 2013 every employee earning taxable income is required to submit his income tax return.

I think the salaried individuals who do not submit their returns make a blunder. First, they expose themselves for penal action on account of non-submission of return and secondly in majority of cases of salaried persons the tax deducted is more than their actual tax liability. In case such person submit returns they can claim the excess deduction as refund.

It is quite easy to pay income tax in Pakistan. If your income is more than Rs.33,500 per month, your employer is required to deduct taxes from your paycheck. Under section 149 of the Income Tax Ordinance of 201, your employer is also required to file a statement of all taxes they withhold. This has not always been the case.

Every salaried employee with a taxable income of Rs.400,000 is required to electronically file (e-file) an income tax return using the FBR'Sonline system known as IRIS.

In addition to an income tax return, every person who is required to file income tax return for tax year 2015 has also to file wealth statement. Wealth statement is mandatory for filing of income tax return. Without wealth statement you will not be able to submit your income tax return.

Wealth statements contain details of a person's assets and liabilities. That is to say, you have to mention in detail your properties, plots, houses, and vehicles in your name as well as the detail of movable and immovable properties that are in the name of your dependents e.g. your wife and children. Taxpayers are also required to give details of personal expenses e.g. rent of house paid, Travelling, electricity, education and other personal household expenses. Personal expenses is the part and parcel of your wealth statement.

First step to file Income Tax Return for tax years 2014 and 2015

If your income is more than Rs.400,000 and you have decided to submit the return, you first have to register with FBR. For registration with FBR you may visit the following address and state your particulars correct. You may also have to attach the following scanned documents.

1. Both sides of your Computerized National Identity Card (CNIC)

2. Copy of electricity bill of your residence

3. Copy of your pay slip or employer's certificate

4. Document of your ownership of the residence or rent deed, as the case may be.

5. Fill in and signed/thumbed NTN application form.

After attaching the documents please submit the application. After submission of NTN application you will be eligible to prepare and submit your income tax return for tax years 2014 and 2014.

Detail of Personal Expenses

Online Verification of NTN

Before applying, you may check if you have already been allotted NTN by the FBR. For this you may visit following website of FBR to know whether you have already allotted NTN by the FBR or not. After mentioning your CNIC No. if the NTN appears against your name, you need not to register with FBR. Just skip the step of registration and went on to to "E-enrollment for registered person" link.

Online Verification of National Tax No. (NTN) Federal Board of Revenue

FBR Salaried Employee Tax Return Deadline

Did you file your tax return and wealth statement on time?

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Procedures for Using the FBR to Submit Income Tax Returns 2014 and 2015

In order to use the Iris portal to e-file your income tax returns for tax years 2014 and 2015, you must enroll yourself with the has to enrollment himself with the Federal Board of Revenue (FBR). Necessary steps are as under:-

After registering with the FBR, visit the portal's online registration page. A new screen will appear where you will enter your CNIC number, email address, and the verification code that will appear on the left side of the screen. Click "Submit" and the system will ask you to enter codes sent to your mobile number and email address. Enter the codes in the right columns and press "Submit." You will receive your password and pin code in your email and on your mobile phone within less than five minutes.

It is important to note that the SIM of the mobile number you enter must have been registered in your own name for at least the last month. If it is not the case, you will not receive the verification code on your mobile and will not be able to enroll.

It is also advisable to use Internet Explorer 6 or Mozilla Firefox to file your returns. Google Chrome and other browsers are not fully compatible with the FBR's new system.

Online FBR Tax Return and Wealth Statement 2016

How will you meet your tax and wealth return deadline in 2016?

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Submitting Income Tax Return as Salaried Employee

In order to file your return, you may need the following documents/details:

  • Annual salary certificate from your employer indicating the gross salary and tax deducted.
  • Contributions to provident/gratuity/pension funds indicating ending the balance and contributions made during the year.
  • Certificate from banks regarding tax deductions on banking transactions as well as profits earned on bank deposits and tax deducted/deposited against these profits.
  • In case of any local or foreign trip, copy of air ticket including the amount of tax deducted.
  • In case any electricity bill exceeding Rs.100, 000, copy of the same may also be required to take credit of advance income tax deducted.
  • Bank statement/(s) for the period 01.07.2014 to 30.06.2015.
  • In case any investment is made in the shares of the company or mutual fund, detail of the same along with details of profits on sale of shares earned during the year.
  • Any cash or capital dividend received and tax deducted.
  • Certificates from mobile phone companies regarding deduction of tax. This applies to all the cell phones under the taxpayer's use.
  • Details of any function/gathering arranged, such as a marriage, including invoices, so that credit of tax deducted may be claimed.
  • Invoices issued by any educational institutions to claim credit of tax
  • If you bought of sold a vehicle during the year, provide a copy of the registration book and amount paid or received.
  • Documents relating to any immovable or movable property acquired or sold during the year.
  • Details about motor vehicles in your name, including make, engine capacity, year of acquisition, cost, and registration number.
  • Details of token tax paid for tax year 2015.

  • In case of the assets acquired on a lease, provide the information and installments paid during the period 01.07.2014 to 30.06.2015.
  • Details of any foreign remittances received during the year.
  • Complete details of household expense including gross amount of electricity, gas, telephone, and water bills.
  • Insurance premiums paid.
  • Expenses related to education of children.
  • Donation or zakat paid.
  • Fees to join a club including details.
  • If anyone contributes toward personal household expenses, provide their name, NTN, and amount contributed.
  • While preparing a wealth statement, provide details about assets owned by your spouse and/or dependents.

Loan Information Required for Tax Return

Be prepared to provide details about any sort of loans you have, in the following format:

  1. Nature of loan.
  2. Total loan facility availed.
  3. Total installments paid during the year.
  4. Remaining Loan/(s) amount as on 30.06.2015.

Other Sources of Income for Salaried Employees

When filing your tax return, provide details about any other sources of income, including:

  1. Income from property (gross rent, tax deduction on rent [if any], property tax paid, insurance premium paid).
  2. Details of profits earned on bank deposits/saving certificates etc. including bank account number, nature of deposits/saving certificates, gross profit earned during the year, tax deductions made by banks or National Savings.

How to Prepare a Wealth Statement Online

Taxpayers are required to file wealth statement and to reconcile their wealth with the declared in the previous year's wealth statement. Usually, government employees are also required to file Declaration of Assets and liabilities with their respective departments. So, you can pick the figure from declaration of assets. However, reconciling the wealth is little bit tricky.

In the Wealth statement you are required to mention the complete address of your house, plot or properties etc. your bank balance as on 30.06.2015. While mentioning the value of assets please mention the cost of the asset that is borne by you to acquire the same. For example, you purchased a plot for Rs.100,000 including incidental charges of registry and payment of commission etc. and present value of the said plot is Rs.500,000. You have to mention the value of plot at Rs.100,000 and not Rs.500,000. Similarly, you purchased a vehicle for a consideration of Rs.500,000 four years back and now its market value is around Rs.300,0000. You have to mention the value of the same at Rs.500,0000 and not Rs.300,000. Regarding loans you have to mention the position of loans as on 30.06.2014 or 30.6.2015 (for tax years 2014 and 2015 respectively). Suppose you have obtained house building loan of Rs.100,000 three years back and after payment of instalments the current position of loan is Rs.65000. You have to mention your liability at Rs.65000 and not Rs.100,000.

So far as the reconiliation of wealth is concerned there is a basic technique that taxpayers should use, which can best be explained through the following example

To begin you will need these figures (followed by example amounts):

  1. Wealth for the year: Rs.100
  2. Wealth for the previous year: Rs.90
  3. Increase in wealth: Rs.10 (A)

Sources of Income

  1. Salary income: 50
  2. Rental income: 10
  3. Business income: 20
  4. Foreign remittances: 10

Total: 90 (B)

Now from that amount take away the total calculated from this list of figures:

  1. Personal expenditure: 50
  2. Marriage of son: 20
  3. Taxes paid: 10

Total expenses: 80

Difference 10 (C)

Note that A and C should be equal in all circumstances.

Filing income tax return for tax year 2017 FBR

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Filing Income Tax Return 2017

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How to submit tax return in Pakistan for 2017

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    • myefforts profile image

      Asif 

      8 days ago from Lahore

      Fasih Bhai,

      How to show the sale of inherited house in tax return? It was there in the last tax return. where to add the amount obtained? Please advise. Thanks

    • profile image

      Adnan Rashid 

      10 days ago

      i am a full time teacher and when i add the amount of paper setting remuneration under section 153 of payment at 10 %. an error statement MSG.IRIS-12-023 generated. i don't understand how can i solve the problem.

    • profile image

      Faisal 

      2 weeks ago

      Bank profit and Dividend received will enter in income heads or only in fixed/final tax.

      Thanks.

    • profile image

      Imran 

      2 weeks ago

      Profit on debt 7b amount where will be mention in five heads of income. I entere it in other source but the tax deducted double.

    • profile image

      Rafae Mustafa 

      2 weeks ago

      Who ever getting error of Admitted tax payment they all have to first pay the mentioned tax

    • profile image

      JIS 

      2 weeks ago

      I have never submitted return, now i am thinking to submit return this year. Let me know that i will have to submit only this fiscal year 17.18 or previous past years as well ?

    • profile image

      Khalid Chaudhry 

      2 weeks ago

      I have same issue when I press Submit "Admitted Income Tax against Code 9203 must be paid before submission"

      What is the way forward?

    • profile image

      saad 

      2 weeks ago

      Those who are getting admitted income tax error need to add corporate or govt worker tax under adjustable tax tab.

    • profile image

      Ali 

      2 weeks ago

      Where exactly do I put in the amount of motor vehicle tax in the e-from? I am a salaried person. The office deducts tax at source. But I also paid x amount against motor vehicle token tax?

    • profile image

      Nadeem Akhtar 

      2 weeks ago

      When I press the Submit button it says "Admitted Income Tax against Code 9203 must be paid before submission.". I have pressed Calculate many times but still issue remains.

    • profile image

      mayaz 

      2 weeks ago

      I submit the return it still says "Admitted Income Tax against Code 9203 must be paid before submission."

      I have paid the exact amount as shown against code 9203. Why is this error coming? please help.

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      2 weeks ago from Pakistan

      Just press the calculate button and then try again to submit the return.

    • profile image

      fazz 

      2 weeks ago

      I submit the return it still says "Admitted Income Tax against Code 9203 must be paid before submission."

      I have paid the exact amount as shown against code 9203. Why is this error coming? please help

    • profile image

      Faizan 

      2 weeks ago

      Kindly advise how am i mentioned the amount of my house in the wealth statement, if i mentioned the amount , the total net asset will increase , so am i reconcile the wealth statement from income and expense?

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      3 weeks ago from Pakistan

      Khadija

      Just click on "Calculate" button and then try to submit your tax return. I hope it will be submitted.

    • profile image

      Khadija 

      3 weeks ago

      I have paid my tax amount and added the CPR number in the payment section of my return. But when I submit the return it still says "Admitted Income Tax against Code 9203 must be paid before submission."

      I have paid the exact amount as shown against code 9203. Why is this error coming? please help.

    • profile image

      Fraz 

      3 weeks ago

      what is the value of shares that needs to be mentioned in wealth statement. Is it Purchase price or Market price as on June 30th, 18

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      3 weeks ago from Pakistan

      Dear Ahmer Ali

      You can revise your wealth statement for tax years 2016 and 2017 by simply selecting the form u/s 116(3)

      Mr. Shahzad

      You may mention it as your business income and declare the purchase and sale therein.

    • profile image

      Shahzad 

      3 weeks ago

      Dear Fassee Ullah,

      I am a salaried person, I booked a car from Honda and sold it on profit from the showroom without registering the vehicle. Where should I mention this profit in my tax return?

      Would be thankful for your help.

    • profile image

      Ahmer Ali 

      3 weeks ago

      Dear Fassee Ullah,

      I forgot to enter the amount of bank certificates in wealth statement in 2016. I also forget in 2017. Now, In 2018, I am entering this amount due to which my assets are drastically increased. Please suggest what should I do? How can I revise wealth statement of 2016 and 2017? Please give advice.

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      3 weeks ago from Pakistan

      Dear Zaman

      Your tax deduction made by your employer is on the lower side. You have to prepare the challan and pay the tax.

      Mr. Shahid Niazi

      Increase in market price is not to be reflected in wealth where the assets are shown at cost.

      Dear JanjuaInfo

      You can submit it now.

    • profile image

      زمان 

      3 weeks ago

      Hello Sir,

      I am a salaried person. I have prepared my wealth statement and income tax return voluntary (114(1). When I tried to submit it it pop ups a message (admitted income tax must be paid before submission). My income tax has deducted by my employer from my salary and I have tax deduction certificate from employer. Any suggestion now what to do.

    • profile image

      Shahid Niazi 

      3 weeks ago

      Should increase in Market price of assets be reflected?

    • profile image

      JanjuaInfo 

      3 weeks ago

      can i submit it now ? i have salary certificate of last year with no tax.

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      3 weeks ago from Pakistan

      Dear you have to file your tax return for 2017 to become a filer. You may file a nil return but it is necessary to become a filer to file tax return for 2017.

    • profile image

      JanjuaInfo 

      3 weeks ago

      Dear Fassee Bhai

      I have registered on 17 sep and submitted my returns online on 18 sep successfully , but my status is still inactive in ATL , As it was my first year of tax salary, so i i submitted for 2018 only. When it will be shown as active in ATL ?

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      3 weeks ago from Pakistan

      Dear Asif bhai

      As per my understanding, you should exclude the car from your assets as it is sold and you have received the sale consideration and consideration so received will be the part of your cash/bank, as the case may be.

    • myefforts profile image

      Asif 

      3 weeks ago from Lahore

      Hi There,

      Can you please help me with a situation.

      I purchased a car in Aug 2017 and had it transferred to my name. For some reason I had to sell it in Jan 2018. I had some issues with the purchaser who blamed that I sold a damaged car to him. He did not transfer the ownership rather sold the car further. The car is still shown registered in my name in Excise record. I have the sale deed available for that cash transaction. Do I still need to mention it in tax return with 0 value or do not need to show it at all.

      Would be thankful for the help.

    • profile image

      Ikram 

      4 weeks ago

      Hi: i want to claim refund against my internet bills but i can't locate the tab where i can fill in the requisite information for tax adjustment. Accordingly would request your immediate assistance in the matter.

      regards

    • profile image

      Sajjad 

      4 weeks ago

      I don't see "Wealth Declaration" form on "IRIS". How can I submit my wealth statement?

      Also please tell me what does "Admitted Income Tax" means?

    • profile image

      syed 

      4 weeks ago

      i have a purchased a flat on mortgage. should i show it in my wealth?

      what if loan amount is higher than the value of flat?

      do i need to showthe amount paid against 236W in income tax?

    • profile image

      Ras719 

      4 weeks ago

      Private Vehicle Tax u/s 234 code 64130003 is not available under adjustable Tax 114(1) (Return of Income filed voluntarily by non-resident Pakistan-origin person having no Pakistan-source income). Is that a mistake or the withholding Tax Paid during Token Tax Payment by Non Resident Pakistani for his vehicles is no further adjustable? Thank you In advance.

    • profile image

      Haitch 

      4 weeks ago

      Does freelance transcription work fall in the "Fee for Technical / Professional Services" head or the "Others" category under the "Other revenues" head in the business section?

      Plus what "attribute" goes with it?

      TIA.

    • profile image

      Haitch 

      4 weeks ago

      Does freelance transcription work fall in the "Fee for Technical / Professional Services" head or the "Others" category under the "Other revenues" head in the business section?

      Plus what "attribute" goes with it?

      TIA.

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      4 weeks ago from Pakistan

      No need to revise the return and it is not mandatory to attach the salary certificate or bank statement.

    • profile image

      Haitch 

      4 weeks ago

      Hi,

      I forgot to attach salary certificate and bank statement with my income tax return filed last year.

      Is there any need to revise the return and attach the documents?

      TIA.

    • profile image

      mansoor 

      5 weeks ago

      which amount will show in wealth home deed which is stamp or market rate ?

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      5 weeks ago from Pakistan

      You can show this remittance in your income tax return and wealth statement under the relevant column provided for this purpose. It is exempt from tax. Plz contact for further professional help 03454258240

    • profile image

      Muti 

      5 weeks ago

      My brother sent me 20 lacs from foreign country through Western union and through his bank to my IBAN account number. Where I reflect this in FBR forms as my house will complete this year but he sent money in year 2017-18. Thank you for helping

    • profile image

      Adnan 

      5 weeks ago

      I obtained gain rs. 200000 from sale out my house is this amount will treat as normal tax or fixed and final tax and where will enter in reconciliation plz answe thanks

    • profile image

      Imran 

      5 weeks ago

      I got gain on sale a house 500000 where it will be enter in return

      Thanks

    • profile image

      Asrar ul Haq 

      6 weeks ago

      I have just raised the query to FBR regarding filing of form 116A and the reply was:

      will be available soon for the tax year 2018.

      This means that the form 116A has not yet been finalized. However, the non-resident brothers can submit the tax return u/s 114 defined for non-residents

    • profile image

      Akhtar sandhu 

      6 weeks ago

      i have filled it and submit 116A and next when i try to submit 114A form after completing then its error appear . kindly let me know how can i clear this. error massage: Net Assets Previous Year against Code 703002 must be entered before submission. email me pls on

      invisageint@gmail.com

    • profile image

      akhtar hussain 

      6 weeks ago

      i have filled it and submit 116A and next when i try to submit 114A form after completing then its error appear . kindly let me know how can i clear this. error massage: Net Assets Previous Year against Code 703002 must be entered before submission.

    • profile image

      abdul jamil 

      6 weeks ago

      how to enter advance tax in iris

    • profile image

      Shahid 

      7 weeks ago

      Sir

      I received rent RS. 240000 i enter it in property tab. But in inflow under which tab i will enter this amount

      Thanks

    • profile image

      Qazi 

      7 weeks ago

      Hi, i have a plot in an housing scheme, 1 years back my father paid half of the payment, rest of the payment paid by me in installments this year.

      Plot posession not been given yet,

      where to show this?

    • profile image

      Fassee Ullah Imran 

      7 weeks ago

      You can declare the plot mentioning the value of the plot as zero in your tax return. You may also mention that the plot is gifted by father in the description of the plot. No need to mention the pending installment

    • profile image

      Iqbal M 

      7 weeks ago

      Dear Sir, Assalam O Alaikum, kindly advise to how to indicate a gifted plot in Income Tax return.

      My father has been paying installments of a plot in a Housing society of His office since last 28 Years.

      Still one Lac rupees are outstanding.

      Kindly advise me to how to include gift transfer of that plot in my income tax return. Where I also wanted to show the balance amount.

      Many Thanks and Regards

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      8 weeks ago from Pakistan

      WITH TWO MONTHS

    • profile image

      Nabeel 

      8 weeks ago

      In how many days a person can revise his return of income after submission?

    • profile image

      Ali Raza 

      2 months ago

      I have been provided with a hiroof for official as well as pick & drop purpose...

      I have not been given any conveyance allowance...

      What will be the treatment of this in income tax return...

      Reply soon

      alintc99@gmail.com

    • profile image

      Neelum 

      2 months ago

      How to file annual withholding statement ?

    • profile image

      Fassee Ullah Imran 

      2 months ago

      Section 155

    • profile image

      FBRUSER 

      8 months ago

      If a non resident has a property booking in pakistan and he sends his remittance to his resident brother's account to pay his (non resident's) property installments in pakistan. Resident brother makes payment for property installments for his non resident brother. How resident brother will show these installments payment in his WS? Secondly how non resident brother will show in his WS these payments made by his resident brother on his behalf from the money non resident remitted earlier to his account.

    • profile image

      taxuser 

      10 months ago

      can you please confirm which section to submit the withholding tax, and the remaining tax in?

      114(2) of the adjustable tax section?

    • profile image

      muhammad Rizwan 

      10 months ago

      I Have created Account on IRIS FBR. but i am unable to submit my Tax Return File for complete year (2016-2017) US 114. Please help me

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      10 months ago from Pakistan

      For becoming a filer and included in active taxpayers list you have to file your tax returns for tax years 2016 and 2017. If you have done no business during this period, you may submit nil tax returns. But you have to file your wealth statement also. First wealth statement always very important. So if you require help of an expert in this context, please contact me via email: firdousi0@yahoo.com. Mobile No.0332-3112278

    • profile image

      Adil Riaz 

      10 months ago

      Sir i have registered my Firm as individual in July 2017..but my firm is inactive on income tax payer list..how can make it active for income tax..? Please help me in this regard...Thank you in advance sir.

    • profile image

      Zeeshan Khalid 

      10 months ago

      Sir can you guide how to file shares related info alongwith capital gain tax?

      In case I have not sold it in a financial year, Should i tell how much i bought a share for OR what was that share price as of 30th June 2017?

      Lot of confusion :(

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      11 months ago from Pakistan

      No this is not a problem. You should mention the correct amount in your tax return.

    • profile image

      HR 

      11 months ago

      Thanks, Mr Fassee.

      Actually the gross salary mentioned on the salary certificate from my employer is less than the actual gross salary. He did not include the leaves encashment, hence the amount on the certificate does not match the amount that I will file as my income (which includes leave encashment). Would that be a problem?

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      11 months ago from Pakistan

      Your HR

      You should include leave encashment to calculate your gross salary income.

    • profile image

      HR 

      11 months ago

      Should the annual salary certificate from the employer indicate the gross salary with the leaves encashment amount included? My certificate mentions the gross salary excluding the leaves encashment.

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      11 months ago from Pakistan

      Dear Syed Hussain

      I think all u need is the services of a tax expert. To cater your queries, please contact us 0332-4112278

    • profile image

      Syed Hussain 

      11 months ago

      Dear Mr Fassee Ullah,

      I have following queries, I shall highly appreciate if you could kindly provide your expert opinion on these?

      1. where to mention any property/car purchased and sold during the same tax-year and hence the corresponding amounts of spending while purchasing and gain when sold.

      2. where to reflect and claim WHT on profit of saving accounts. Please specify the reference column.

      3. How to reflect any property in the current tax-year which was purchased but not declared previously but sold during current tax year.

      4. How to reflect cash balance of last tax year which was incorrectly reported in the "other" category of "outflows" of 'Reconciliation of Net Assets' sheet.

      5. Do we need to report House purchase loan as liability if its mark up is paid by the employer.

      6. Do we need to declare the cumulative accrued amount of Provident Fund under 'Personal Assets'.

      Many Thanks

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      11 months ago from Pakistan

      Yes I am based in Lahore. My address is Office No.10, First Floor, Alabad Plaza, Near Tamaseel Hall, Ferozpur Road, Mozang Chungi Lahore.

    • profile image

      NAEEM 

      11 months ago

      ARE U BASED IN LAHORE ??

    • profile image

      Abdul basit 

      12 months ago

      Where should I disclose national prize bond on statement of assets ?

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      12 months ago from Pakistan

      Mr. Naseem,

      You can declare all the assets in your wealth statement from 2006 till date for which reconciliation of wealth with your income sources is to be done. This a bit technical job which requires professional expertise, which could be provided by a tax expert. In case, you may hire our services and we will be able to help you declare all the assets in Pakistan and outside Pakistan in a very sophisticated manner. For details you may contact us via phone/whatsapp/imo 0092-345-4258240 and email: firdousi0@yahoo.com

    • profile image

      Riz 

      12 months ago

      As you have earlier mentioned that Provident Fund should not be declared. But the employee contribution in Provident Fund is directly deducted from our gross salary. So can we mention PF in wealth statement? if yes, then in which section or code in iris??

    • profile image

      Naseem 

      12 months ago

      I m residing in KSA since 2008 and have my active NTN Number.

      I m preparing my Income Tax File return and wealth statement online (IRIS).

      Could you please help out how to present all assets made from 2008 until now in Pakistan by foreign remittance?

      Please advise as non resident pakistani

    • profile image

      kamran 

      12 months ago

      I am retired army officer and got my commutation worth rupees 50 laks in september 16. Where should i show this income amount in my e tax return and whether it is exempted from tax or not. Thanks

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      12 months ago from Pakistan

      Dear Ikram,

      I can help you in reconciling the wealth and getting your refund, in case you hire my services. U may contact me. My mobile is 0332-4112278, email: firdousi0@yahoo.com

    • profile image

      Ikram 

      12 months ago

      How to claim the refund of with holding tax deducted on mobile bills , internet etc. i am a regular tax filer but don't know the process of refund so appreciate your urgent assistance.

      regards

    • profile image

      Ikran 

      12 months ago

      Dear Fasee Ullah:

      please answer my appended query.

      ====================================

      Hi: My total for the year is 1,701,149 and tax is deducted at source by my employer is 122,172 . I also have made capital gain of 206,397.70 and tax on the same of 26.455 has also been deducted by the NCC. Now i am having problems in reconciliaiton of tax amount in IRIS. The IRIS system is adding together by salary amount and capital gains to calculate the tax slab and showing admitted tax as 33,649. Please help me how to fix this issue as tax against capital gain has already been deducted from my account. regards

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      12 months ago from Pakistan

      You may show your share in the wealth statement, if you have the evidence of payment and after confirming that your other partner did in his wealth statement.

      Regarding declaration of provident, it has not to be declared because it is not in your possession as yet.

      Mr. Ikram, you may need help to file the return. For this please contact me via phone 0332-4112278 or email etaxconsultancypk@gmail.com

    • profile image

      Imran 

      12 months ago

      I bought the plot in partnership and plot is registered in other partner name. Where should i disclose it in wealth statement?

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      12 months ago from Pakistan

      No matter, if you have committed any mistake in return or wealth statement. You can revise the return u/s 114(6) within two months from the date of filing of original return. Wealth statement can be revised by selecting wealth statement form u/s 116(3)

    • profile image

      Asad 

      12 months ago

      Dear Mr. Fassee Ullah,

      I filed tax return by incorrectly stating some amount in exempt income which is subject to tax. The mistake was not intentional and happened by accident. 114 and 116 have already been filed.

      Please guide that should I deposit the remaining(due) income tax amount in FBR income tax account although return has already been filed ?

    • profile image

      Riaz 

      12 months ago

      Which balance of provident fund is declare in wealth statement Accumulated PF balance or addition for the year?

    • profile image

      Ikram 

      12 months ago

      Hi: My total for the year is 1,701,149 and tax is deducted at source by my employer is 122,172 . I also have made capital gain of 206,397.70 and tax on the same of 26.455 has also been deducted by the NCC. Now i am having problems in reconciliaiton of tax amount in IRIS. The IRIS system is adding together by salary amount and capital gains to calculate the tax slab and showing admitted tax as 33,649. Please help me how to fix this issue as tax against capital gain has already been deducted from my account. regards

    • profile image

      farid 

      12 months ago

      sir, plez guide regarding codes of 114(1) and 116(2)

      investment in shares

      dividend received

      capital gain on disposal

      prize bond investment

      winning prize bond

      further more nature of tax i-e final /adjustable/ any exemption or tax credit

      thanks

    • profile image

      Mukhtar 

      12 months ago

      Thanks Fasse Ullah sb.

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      12 months ago from Pakistan

      You can claim the credit of tax deducted on fee of your children. Please check the fee receipt of your child issued by the respective institution where tax deduction at source (WHT) will be separately mentioned, in case tax is deducted by them. You can claim that amount of tax against your tax liability for the year. For further assistance, you may call me 0332-4112278 or email me: firdousi0@yahoo.com

    • profile image

      Mukhtar 

      12 months ago

      If my income during 2016-17 is more than 1-million can i adjust adv tax paid on education expenses more than 200,000/-

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      13 months ago from Pakistan

      Mr. Khurram Shahzad,

      You may contact me via email. firdousi0@yahoo.com

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      13 months ago from Pakistan

      Dear Farid,

      There is no credit available in tax return for children fee. You pay Rs.4000 per month which means that fee paid is less than Rs.200,000 per annum on which no tax is to be deducted.

    • profile image

      farid 

      13 months ago

      sir how can we get credit for educational expenses of children is there any fee limit to get credit i have invoices but they never mentioned any tax deducted etc. i pay 4000 per month per child

      thanks

    • profile image

      Mumtaz jaffri 

      13 months ago

      Absolutely difficult for everyone to submit income tax return online.kindly check the Percentage how many people do online tax return in current year and last year

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      13 months ago from Pakistan

      Dear I am

      You need not to pay any tax on foreign remittances if received by you through proper banking channel. You may contact us for further guidance.

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      13 months ago from Pakistan

      Dear Kiani sahib

      The message says that you tax deduction/payment is less than the actual amount of tax payable on your income. The amount appearing in your return against code 9203 should be paid by generating a challan from e.fbr.gov.pk. You may acquire our services to submit the return, as I doubt that you may have not filed the return correctly that is why the liability of tax arose. Our email address is: firdousi0@yahoo.com

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      13 months ago from Pakistan

      Dear Khan

      You have to submit your refund applications manually before your concerned Commissioner. You can understand, our tax authorities are not so goods enough to pay your refund check at your home without any efforts. Certainly, you have to contact the concerned Officer.

    • profile image

      Khan 

      13 months ago

      All my previously filed refund applications for the last 3 years on iris filed well in time, still show on OUTBOX while returns and wealth statements were accepted, why is it so? what steps shall i take to finally get refund check ?

      Secondly, is tax credit u/s 62 of the Ord, is claimed/received in the shape of refund claim ?

    • profile image

      Sajid Kiani 

      13 months ago

      I get following message while submitting my Return of Income filed voluntarily for the current year: Admitted income tax against code 9203 must be paid before submission.

      please some one let me know what to do?

    • profile image

      cornatto 

      13 months ago

      All my previously filed refund applications for the last 3 years on iris filed well in time, still show on OUTBOX while returns and wealth statements were accepted, why is it so? what steps shall i take to finally get refund check ?

      Secondly, is tax credit u/s 62 of the Ord, is claimed/received in the shape of refund claim ?

    • profile image

      I am 

      13 months ago

      I received a remittance in my foreign currency account and did not end ash it. Do I have to pay tax on it.

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      13 months ago from Pakistan

      Mr. Usman, you have to mention actual account against tax u/s 236w (Final / Fixed / Minimum / Average / Relevant / Reduced Tax portion), if it is greater than the FBR value.

      Notice u/s 114(4) means that your manual return was not upload by FBR officials. You have to reply that notice u/s 114(4) and online return will popup automatically. For further assistance you may contact me vial email: firdousi0@yahoo.com and cell No.0332-4112278

    • profile image

      Usman 

      13 months ago

      Dear Mr. Fassee Ullah,

      Hi I have two questions relating to tax return for FY2017:-

      1. Is it okay to declare property at FBR value instead of purchase value ?. Please clarify this as another person has also asked.

      2. I also received got an email from FBR to check inbox of IRIS regarding submission of 114(4) (Notice to file Return of Income for complete year) for tax year 2015. The return for same year was already filed in 2015 manually. How to handle this situation ??

    • firdousi0 profile imageAUTHOR

      Fassee Ullah 

      15 months ago from Pakistan

      For help you may contact me via mobile No.0332-4112278

      Email: firodusi0@yahoo.com

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