Today we will look into the detailed information and documentation required for filing Income Tax Returns in Pakistan. If you are ready to file your taxes, this writeup will help you gather essential documents required for your tax filing.<\/p>\n\n\n\n
Every taxpayer is now required to submit an Annual Income Tax Return “Digitally”.<\/p>\n\n\n\n
The information which is available in this blog is related to the individual class, which includes employees, business individuals, owners of rental income, etc.<\/p>\n\n\n\n
\u00a0The last date to file income tax return for the tax year 2022 in Pakistan is 30th<\/sup> September 2022.\u00a0To file your income tax return, the following information (whichever applicable) is required:<\/p>\n\n\n\n a. Vehicles b. Houses<\/p>\n\n\n\n \u2022 Address (House, Street, Mohalla, Sector, etc.) o. On motor vehicle token tax (Other than goods transport vehicles) p. With bill for electricity consumption q. With telephone bills, mobile phone, and pre-paid cards1<\/td> Salary<\/td> Salary Certificate<\/td><\/tr> 2<\/td> Business Income<\/td> Profit and Loss account
(in case of AOP, %age of shareholding)<\/td><\/tr>3<\/td> Rental Income<\/td> Rent received and tax deducted on the rent<\/td><\/tr> 4<\/td> Income from other sources<\/td> Detail and evidence<\/td><\/tr> 5<\/td> Capital gain Tax on Securities<\/td> amount of gain and tax deducted on it<\/td><\/tr> 6<\/td> Profit on Bank Deposit<\/td> Amount of profit received and tax deducted on it<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
All Bank statement(s) for the period from July 01, 2021 to June 30, 2022;
Details of any asset purchased\/sold, investment made during the year;
Details of any loan borrowed or given.<\/li><\/ol>\n\n\n\n
Obtain tax deduction certificate from the cellular company for the sim or internet connection on your name.<\/li><\/ol>\n\n\n\nS. No.<\/td> Particulars<\/td> Amount<\/td><\/tr> 1<\/td> Rent<\/td> <\/td><\/tr> 2<\/td> Rates\/Taxes\/Charges\/Cess<\/td> <\/td><\/tr> 3<\/td> Vehicle Running\/Maintenance<\/td> <\/td><\/tr> 4<\/td> Traveling<\/td> <\/td><\/tr> 5<\/td> Electricity<\/td> <\/td><\/tr> 6<\/td> Water<\/td> <\/td><\/tr> 7<\/td> Gas<\/td> <\/td><\/tr> 8<\/td> Telephone<\/td> <\/td><\/tr> 9<\/td> Asset Insurance\/Security<\/td> <\/td><\/tr> 10<\/td> Medical<\/td> <\/td><\/tr> 11<\/td> Educational<\/td> <\/td><\/tr> 12<\/td> Club<\/td> <\/td><\/tr> 13<\/td> Functions\/Gatherings<\/td> <\/td><\/tr> 14<\/td> Donation, Zakat, Annuity, Profit on debt, Life
Insurance premium<\/td><\/td><\/tr> 15<\/td> Other personal\/Household expenses<\/td> <\/td><\/tr> 16<\/td> Contribution in expenses by family members<\/td> <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\u2022 Vehicle No.
\u2022 Owned\/In-use
\u2022 CNIC of owner, if not owned by the taxpayer<\/p>\n\n\n\n
\u2022 City
\u2022 Land Area (Marla \/ SQ Yard)
\u2022 Owned\/ rented\/ other
\u2022 CNIC of owner, if not owned by the taxpayer<\/p>\n\n\n\n
a. On import of goods
b. On withdrawal from pension fund
c. From salary u\/s 149
d. On dividend Income
e. On Government securities
f. On profit on debt
\u2022 Certificate\/Complete IBAN No, etc.
\u2022 Bank name
\u2022 Share%
h. On payments for goods
i. On payments for services
j. On payments for the execution of contracts
k. On cash withdrawal from bank
\u2022 Certificate\/Complete IBAN No. etc.
\u2022 Bank name
\u2022 Branch address
\u2022 Share%<\/li><\/ol>\n\n\n\n
\u2022 Registration No.
\u2022 Owner’s Name
\u2022 tax paid<\/p>\n\n\n\n
\u2022 Consumer No.
\u2022 electricity company
\u2022 Nature of Bill i.e., domestic, commercial or industrial
\u2022 tax paid<\/p>\n\n\n\n
\u2022 Telephone Number
\u2022 service provider
\u2022 tax paid<\/p>\n\n\n\n