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How to Submit/eFile Income Tax Return and Wealth Statement Online With FBR for Tax Years 2014, 2015, 2016 & 2017

Updated on October 6, 2017

As per APP news last date for filing of income tax returns for tax year 2017 is extended till 31st October 2017

As per news report Federal Minister for Finance, Revenue and Economic Affairs, Senator Mohammad Ishaq Dar on Friday approved extension in the due date for filing of Income Tax Returns/Statements by Companies, salaried individuals, other individuals and AOPs, till October 31, 2017.

The minister approved extension in the date in view of the requests made by the tax bars and various trade and other associations due to Eid-ul-Azha and Muharram holidays, both falling in September, 2017.

It was felt that the taxpayers could not find ample time for filing their tax returns. The due date for filing of returns had therefore been extended.- APP

Deadline for filing of tax return extended till 30.10.2017

Source

Tax Rates for Business individuals and AOPs

The Draft Income Tax Return form for 2017 has been announced by the Federal Board of Revenue (FBR)

The Federal Board of Revenue has now uploaded the new income tax return for tax year 2017. There is no major change in tax return. Now salaried persons and business individuals can submit their income tax returns online.

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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    • profile image

      Abdul basit 26 hours ago

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

    • firdousi0 profile image
      Author

      Fassee Ullah 5 days 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 9 days 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 9 days 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 9 days 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 image
      Author

      Fassee Ullah 2 weeks 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 2 weeks 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 2 weeks 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 image
      Author

      Fassee Ullah 2 weeks 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 2 weeks 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 image
      Author

      Fassee Ullah 2 weeks 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 2 weeks 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 3 weeks ago

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

    • profile image

      Ikram 3 weeks 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 3 weeks 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 3 weeks ago

      Thanks Fasse Ullah sb.

    • firdousi0 profile image
      Author

      Fassee Ullah 3 weeks 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 3 weeks 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 image
      Author

      Fassee Ullah 4 weeks ago from Pakistan

      Mr. Khurram Shahzad,

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

    • firdousi0 profile image
      Author

      Fassee Ullah 4 weeks 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 4 weeks 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 5 weeks 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 image
      Author

      Fassee Ullah 5 weeks 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 image
      Author

      Fassee Ullah 5 weeks 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 image
      Author

      Fassee Ullah 5 weeks 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 5 weeks 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 5 weeks 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 5 weeks 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 5 weeks 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 image
      Author

      Fassee Ullah 6 weeks 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 7 weeks 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 image
      Author

      Fassee Ullah 3 months ago from Pakistan

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

      Email: firodusi0@yahoo.com

    • profile image

      Nadeem 3 months ago

      Please help me in filing wealth statment and income tax return.

      I invested in Pakistan Stock Exchange and bought few IPOs during the year. I received dividend and I paid Capital Gain Tax.

      Now where can I fill this in wealth statement?

      Please help

    • profile image

      Owais 4 months ago

      Can anyone inform me what income type is supposed to be shown in: Other Sources , Profit on Debt (Interest, Yield, etc), Code 5003 in income tax return form for salaried individuals ?

    • firdousi0 profile image
      Author

      Fassee Ullah 4 months ago from Pakistan

      Yes you can file your returns for last three years and also claim adjustment of WHT.

    • profile image

      Fahad 4 months ago

      Can i file tax for 3 previous years and get my advance WHT adjusted?

      Fahad

    • firdousi0 profile image
      Author

      Fassee Ullah 5 months ago from Pakistan

      Dear Muhammad Sajjad, you may file your tax return for 2015 and 2016 through e-portal of FBR. In order to file the return in a professional manner, we recommend that you may acquire services of a professional expert, like us. You may contact us to acquire our services via email: firdousi0@yahoo.com or via phone 0332-4112278

    • profile image

      Muhammad Sajjad 7 months ago

      My last return is filed for 2013-2014 (01-07-13 - 30-06-2014) afterward i am living in UAE. I am non resident , how i can furnish my return and what options are available in E filing portal. Thanks

    • firdousi0 profile image
      Author

      Fassee Ullah 7 months ago from Pakistan

      Dear Faheem

      Filing return of expatriate is to be filed by following the same method as mentioned above. Just you have to show income from abroad which is exempt in Pakistan. For further assistance you may call me 03454258240 or email me for further guidance at firdousi0@yahoo.com

    • profile image

      Jibran Khan 8 months ago

      Is paid liability an expense? Should I include it in the total expenses?

    • profile image

      Faheem 9 months ago

      Could anyone guide plz. How to file tax return of the person who is earning abroad, an early response will be highly appreciated. Thanks..

    • profile image

      Muhammad Saqib Butt 9 months ago

      I have filed my income tax return for the year 2015 and 2016 timely alongwith the wealth statement. But just 10 days after submission of 2016 return i got an email from FBR to check inbox of IRIS regarding submission of 114(4) (Notice to file Return of Income for complete year). When opened inbox, i saw i was required to file 114(4) (Notice to file Return of Income for complete year) for 2014. Can anybody help me out how to file this return???

      a) considering i have already filed 2015 and 2016 income tax return and have also declared my wealth statement while submitting first return in 2015.

    • profile image

      Faisal 9 months ago

      Dear Sir ,

      I am salaried individual. my consultant has filled the NTN registration for me. It shows me as Business Individual while Principle business activity is shown as Salary Income.

      Is this the right way to register for salaried inviduals?

    • profile image

      Abdul rahim 10 months ago

      i am senior i do not work i get national saving porfit 40000 per month.

      can i fill income return,

      if yes than what will be i pay my tax

      and where i can insert my porfit amount in online iris system

      thank you

    • profile image

      shehzad 11 months ago

      dear Sir,

      is there a limit or acceptable value to show cash in hand? it seems to be a common practice in consultants to show the biggest amount possible in term of cash in hand even by showing less expenses. is there any concern or issue with this practice?

    • profile image

      Muhammad Saqib Butt 11 months ago

      I have written my ufone and internet amount spent and tax deducted on them in adjustable tax under section 236 (1) b and d respectively. Is that right way to write it or i should write it somewhere else? (2)one more thing except my own income i have not written amount received from my friend for temporary duration and returned after one month during same time period?? is that right? Amount deposited and returned during same time frame in bank account should be accounted for? Number 3rd and last where to write and bank balance at 30 june 2016 in wealth satement?????

    • profile image

      Ijaz 11 months ago

      Dear Firdousi,

      i want to thank you for providing such a valuable information on your blog. Indeed you are doing great job helping people. I appreciate and thank you for this. May Allah reward you.

      one more thing is , if i put foreign remittance in foreign income in exempted amount. dont we have to show it "exempted income declared" in wealth statement reconsile? or it will be ok to put amount in foreign remittance in wealth statement and then leave exempted income nill in wealth statement reconsilation

    • firdousi0 profile image
      Author

      Fassee Ullah 11 months ago from Pakistan

      Mr. Ahmed

      A taxpayer cannot change his RTO, it is changed automatically by the system when updation is made. Mr. Ahmed continue filing your return where you presently reside without getting worried about RTO status.

      Mr. Ijaz

      There is no tax liability on the remittances that are received through proper banking channel in Pakistan whether encashed or remained in bank.

    • firdousi0 profile image
      Author

      Fassee Ullah 11 months ago from Pakistan

      One has to show foreign remittances in both income tax return and wealth statement. In tax return, they should be shown in exempt column of "Foreign sources/Agriculture".

    • profile image

      Ijaz 11 months ago

      Dear Sir,

      If some body has received remittance in their foreign currency account. How they should be shown. Should they be only shown in the wealth statement or they should also be mentioned in tax return?

    • profile image

      abdullah 11 months ago

      For all the guys who have paid their admitted tax through CPR and its showing in Payments tab but they are not able to submit as error "Admitted Income Tax against Code 9203 must be paid before submission" is shown the one final thing to do is to go to the Computation tab and click Calculate again. It will update your amount in 9203 head and you will be able to submit tax.

    • profile image

      Muhammad Saqib Butt 11 months ago

      Assalam u alaikum, Can anybody tell me what should be written in foreign income???? as my father sent my Rs 151500 from abroad during the year. Now if i write it in foreign income it makes computation and my tax admitted will highly rise? Does this type of sending from abroad comes in foreign income? or i show it as a gift? please tell me where to write it in both (wealth statement and income tax return). Moreover i am receiving my salary in saving accounts for which i gets savings of Rs 300 something every month and i have totaled it for the year it becomes 2590.55 for which tax deducted is 259.02. where to write it in both wealth statement and income tax ????

    • profile image

      Faisal 11 months ago

      Dear Sir,

      Can you please advise about the treatment of remittance. I provide services/work outside pakistan. I get my salary in USD account in pakistan. I stayed more than 183 days in pakistan so i am resident. How should i show this salary received in USD. can i show them as remittance? DO i have to encash all the foreign currency in PKR in one fiancial year. if i have not encahsed all the remittances and balance is still in my account in foreign currency .....would they attract tax?

    • profile image

      Rizwan 11 months ago

      how to show auto-car finance or car on leasing in wealth tax

    • firdousi0 profile image
      Author

      Fassee Ullah 11 months ago from Pakistan

      Mr. Sajjad Ahmed,

      Please provide your email so that I may answer your question. You may also contact me. My mobile No. is 0332-4112278

    • profile image

      abbas 11 months ago

      What is this?

      122(3) Order to amend Sef assessment on Revision of Income

    • profile image

      Ziauddin Mian 11 months ago

      What is the significance of information filled in against code 703004 about the assets sold/transferred/gifted/donated? Apparently it has no impact on the figures affecting reconciliation

    • profile image

      Jamil Afandi 12 months ago

      How to Submit/eFile Income Tax Return and Wealth Statement Online for Tax Years 2014, 2015 & 2016 with FBR?

    • profile image

      Fakeeri 12 months ago

      This article is a complete guide to file income tax return online for all the persons having salary or business income. Good efforts.

    • profile image

      Allah Rakha 12 months ago

      THis article is superb. Very helpful informative and simplified.

    • profile image

      Mohammadirfan 12 months ago

      Good,useful and informative article .

    • profile image

      Firdousi 12 months ago

      I like this article

    • profile image

      Tanweer 12 months ago

      I am a filler but I have bought a car and it is registered in my wife's name, she is a house wife (non-filler). When ever I have to pay the tax on car it is deducted as a non-filler how can this be catered.

    • profile image

      zafar 12 months ago

      i have sold my house and gave amount to my non filer wife .she bought a house in her name .how to reflect this transaction in IT return and wealth statement.

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      Mobin Khan 12 months ago

      AoA

      Where to put in the 'Educational Institutio Fee'

    • firdousi0 profile image
      Author

      Fassee Ullah 12 months ago from Pakistan

      Before submission please press" "Calculation" button appearing on the right side. After pressing calculation button press 'submission' button.

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      Abdul Sattar 12 months ago

      Dear sir,

      I am a salaried person and want following information.

      I had not claimed markup against house building loan (Profit on debit etc. u/s 64A ) in tax year 2012, 2013 and 2014. Can it be claimed in this year?

    • profile image

      Haseeb 13 months ago

      I am also facing error calculation must be executed before submission although my reconciliation is Zero. Please help. Thanks

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      Aatif 13 months ago

      I've filled out my tax return and done everything in order, but when I try to submit it, I receive an error that says "calculation must be executed before submission." Can you please help with figuring out what is causing this error and how to resolve it? Please note that I have already submitted my wealth statement.

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      Asher 13 months ago

      With Holding Tax charged on the Profit by the bank is adjustable or only the WHT tax charged on the cash transaction is adjustable?

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      Asher 13 months ago

      Can you help me in some information regarding the AOP Tax return.

      i am providing a construction material to a government organization and they deduct 17% GST + 4.5% Income Tax and 2 % transportation Tax on all my payments & bills. Where as i do not charge any GST from the whole sale supplier. I have following questions.

      1. When i monthly file the Sales Tax, i file the Sales tax as Null, ( As i do not charged the GST from the whole sale supplier)? Is it correct.

      2. Once i file my tax return for my AOP, which other taxes i need to pay, as government organization is already deducted 17% GST and 4.5% Income Tax and 2 % trasnportation Tax.

      3. Suppose in the end of the complete fiscal year we have income of 6 lac rupees from this AOP business, and as we are three partners the revenue is divided as 2 lac to each partner, and this we will show in our personal income tax retrun (Income from the AOP) any other thing or tax that we need to pay on it?

      I hope your detailed answer on this. Thanks

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      Asher 13 months ago

      Aoa any tax consultant or lawyer (taxation) around? Need to check which taxes are adjustable once you file the tax returns. What i can see only PTCL bill shows the amount of WHT deduction, where as IESCO bill only shows excise duty, ptv fee and GST, SNGPL only shows GST. Any expert can explain this. Thanks

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      Dr. Abdus Saboor 13 months ago

      I want to submit wealth statement for current year 2015-2106. Please guide me where can I find its form. I have income tax return form bit could not find wealth tax form.

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      Dr Aslam Butt 13 months ago

      Dear Sir,

      I own one house and two plots that I have declared in the wealth statement for 2016 but when I visited the page related to Property in my Registration details I found house entry got duplicated and also plots entries duplicated thus showing in total 2 houses and 4 plots.

      I might have deleted the references as there were some mistakes. But my wealth statement for the current yea( that I have filled electronically ) shows my assets as I wish.

      Please guide me as to howI could make changes to my profile .

    • profile image

      Safdar 13 months ago

      I want to know how calculate the liabilities from the total income and equal with the difference of annual income and house hold expenses

      just like my income is 518702 house hold expenses are 297064 total assets are 743138 and liabilities are 131640 out of which i paid 6563 please tell me how I equal the difference as there is a difference between income and expenses 221640 but after deducting the liabilities amount comes 618061 and my previous net worth was Rs.528061

      therefore the difference comes to Rs.618061-528061= 90000

      hence the amount of previous sum i.e. 221640 and 90000 are not equal how we can equal them

    • Munir Ahmad Assad profile image

      Munir Ahmad Assad 13 months ago

      Assalam-o-Alaikum, Dear sir, I want to know if any person purchase Prize bonds, in which column of these will be entered in Income Tax return and if any prize bond declared as winning and in which column prize amount of Prize bond and deducted income tax on Prize of Prize bond will be entered. Pleas help me thanks,

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      Arif Kamal 14 months ago

      I worked for a company in Pakistan and paid income tax and e-returns till 2015. Now I have shifted to UAE and has no property in Pakistan. I send money to my parents in Pakistan and maintain bank account in Pakistan. Should I fill online tax returns this year also? I have no source of income or property in Pakistan for me or my dependents.

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      Samuel William Din 14 months ago

      I am a insurance agent. I borrowed some money from my clients. Few of my clients sent me money by cheques and online transfer. I had about 300,000 rupees in my account which I plan to invest in my business. I invested this money in Karachi Stock Exchange. Now FBR has sent me notice as I did not pay any income tax ever since. How I get rid of this notice as all the money is not mine but of my clients and I have borrowed it.

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      Javed Anwar 14 months ago

      Any one can tell me please, how w can revise withholding tax return on IRIS.

    • firdousi0 profile image
      Author

      Fassee Ullah 14 months ago from Pakistan

      Dear Mr. Muhammad Yousaf,

      You have to declare the property in your name in the wealth statement. Definitely the property is purchased by you out of your foreign income and it can be proved, in case the Departments asks you to explain.

      In case you purchase the property from a society on installment, you have to show advances paid against the said property till the closing date which for tax year 2016 is 30.06.2016 and for tax year 2015 was 30.06.2015.

      In case spouse is dependent on you, you can show the asset owned by your spouse in the column "Asset in any Other's name".

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      muhammadyousaf78 14 months ago

      Sir

      I need an enquiry. If anyone is abroad and he purchased the property in pakistan while transferring the money in his friend account. how we will show source of income for such transactions.

      Secondly if we purchase the property direct from society on installment how we record such transaction.

      thirdly how we record transaction (wealth) made against spouse (house wife).

      Salam

    • profile image

      Muhammad Yousaf 14 months ago

      Sir

      I need to know if some one is abroad and he is purchasing property while using his friend account in pakistan how we will handle such situation.

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      MJI 14 months ago

      @Umair FBR yet not started to file tax return 2016 in IRIS.

      Only old returns can be filed.

    • firdousi0 profile image
      Author

      Fassee Ullah 14 months ago from Pakistan

      Tax return for 2016 has not been published by the FBR so far. You can file your return as soon as it is made available in the system

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      Umair 15 months ago

      Hi,

      Dear i am trying to file for IT for the year 2016 on IRIS, but as soon as i select the period, i get an error "Transaction not allowed as workflow rule has failed". Can you please what is this? Is this some sort of restriction for year 2016 as friend of mine tried this for year 2015 and its working.?

    • firdousi0 profile image
      Author

      Fassee Ullah 16 months ago from Pakistan

      Actually, the concern of FBR that from where the sources were generated to buy the said car. This means, you have not declared any taxable income then how you can purchase of an asset of more than Rs.1,000,000/-. We have the solution of your problem. Please contact us via cell # 0345-4258240

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      Khawaja Omar 16 months ago

      sir my wife who is house wife bought a vehicle of 1400000 in 2011 now FBR guys are after that vehicle . How to fill IT return for unemployed person. Kindly advice

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      Abid 16 months ago

      plz guide, main computer network & system engineer hoon main Immigration Ausratailia aur Assessment Austrailia ki karwana chatta hoon. meri pay 30,000/= per month hai kia main Tax kay zamray main aata hoon yaa nahi plz send to me on my Email. itsmefellow@yahoo.com

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      M. Ahmad 17 months ago

      Sir, Could you please help me know: Which property rate should I mention in my wealth statement? 1. Registry Rate. for example, Rs. 991, 000 or 2. Rs. 1800,000 original buying rate of a property? I mentioned original buying rate, but someone asked me to revise the WS and mention registry rate. Thanks for help.

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      Muzammil 19 months ago

      Where we need to add the CPR number after payment of Admitted Tax (9203)? I am trying to add the CPR number for the amount I paid in National Bank against Admitted tax. The problem is that when I press the payment tab and add the CPR number, no record of payment is shown in the CPR number search.

      Please help

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      Ali 21 months ago

      Qasim,

      There will be some amount written in admitted income tax column. You need to make payment first. Make payment by visiting National Bank. Then add that through Payments tab in the form and you will be able to submit form.

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      Qasim 21 months ago

      while i am submitting return there is popup "Admitted Income Tax against Code 9203 must be paid before submission"

      somebody help me how to deal with it.

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      Ali 22 months ago

      Dear Firdous,

      I submitted my income tax return for tax year 2015 (1st Jul 2014 - 30th Jun 2015) 2 weeks ago but still my name is not their in the latest ATL uploaded this week. Any idea what the issue could be?

      Thnaks!

    • profile image

      Hammad 22 months ago

      Dear Firdous,

      I submitted income tax return for tax year/period 2015 (1st July 2014 - 30th june 2015 ) on 9th Dec 2015 but my name is not appearing in ATL updated on 14th Dec 2015. Any idea what the issue could be?

      Thanks!

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      Naqvi 22 months ago

      For salaried individuals, is tax applicable on different types of bonus received like joining, performance and attendance?

      Any help will be appreciated!

    • profile image

      Naqvi 23 months ago

      For salaried individuals, is tax also applicable on performance bonus received?

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      M.Zubair 23 months ago

      Dear Sir / Madam,

      Are Salaried Individuals required to enter any amount here in this column:

      Personal Expenses

      Rates / Taxes / Charge / Cess (7052)

      As I have heard and read that this column / catergory basically pertains to "Taxation of Property Income" or any tax paid on "Goods Transportation / Clearance from Custom Authorities" and is not meant for Salaried Individuals.

      Please guide, I am a Salaried Individual and I have not entered any amount in this head. Further, the Print Screen Shot of Personal Expenses that you shared, doesn't contain any figure against this column / category either.

      Regards.

      M.Zubair

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      RIZWAN 23 months ago

      I was doing consulting business as sole proprietor last year and I filed IT-2 , but I dont have any business income this year as i was sick and have retired and closed my business office. I only have income from my investments and bank account. Should I file IT-1B or IT-2?

    • firdousi0 profile image
      Author

      Fassee Ullah 23 months ago from Pakistan

      Dear Faheem

      You don't need to mention "zero". Just file nil return without mentioning any figure.

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      Faheem 23 months ago

      AOA, Could anyone guide me how to file income tax return with "zero income". Since, zero disappears from the filed while computing.