Income tax returns filing services of TAXOCRATE (Pvt) LIMITED in Karachi, Islamabad, Rawalpindi, and Lahore, Pakistan

Introduction

We are providing services for filing income tax returns and sales tax returns in all major cities of Pakistan. If you have an annual business income of more than Rs. 400,000, then you must file your annual income taxes with the Federal Board of Revenue (FBR). We will make this process easy for you by handling it on your behalf. Feel free to contact us if you need help with your Income Tax Return in Karachi, Islamabad, Rawalpindi, and Lahore, Pakistan. This is the list of documents we need to prepare and submit your Income Tax Return:

We are providing services for filing income tax returns and sales tax returns in Pakistan.

We are a leading corporate law firm in Pakistan. We provide legal services to individuals, companies, and other organizations. Our services include:

• Corporate Law

• Commercial Law

• Property Law

• Litigation & Dispute Resolution

It is our policy to serve our clients with distinction by providing them with excellent service at an affordable price. In order to achieve this goal, we have invested heavily in technology and human resources development.

Copy of NTN Certificate / last year’s Tax Return or any other document indicating NTN of the taxpayer.

NTN is the National Tax Number. It is issued by the Federal Board of Revenue (FBR) to taxpayers, salaried individuals, proprietary businesses, and partnership firms.

The NTN is a unique number that identifies every taxpayer in Pakistan, and linking it with your tax return or documents will help us to process your accounts faster. If you have not filed returns last year and have not obtained an NTN yet, kindly ensure that you get one in time before filing this year’s income tax return with us. We will require a copy of your NTN Certificate / last year’s Tax Return or any other document indicating the NTN of the taxpayer along with their name when they approach us for filing their taxes this year.

Last year’s return & computation, if applicable.

Last year’s return & computation, if applicable.

If last year’s income tax return has not been filed, then a comprehensive set of documents and details will be required from you to complete this process. Taxpayers who want to file their income tax returns can do so by providing the following information for their previous income tax assessment years:

• Last year’s return and computation were made by your accountant or any other person.

• Documents related to income received in cash and tax deducted at source. Taxpayers having substantial business transactions may be asked to show details of these transactions along with relevant documents and books of account maintained.

Copies of bank statements for the whole year.

Bank statements should be obtained from all banks where you have accounts. These should be for the whole fiscal year and must show that all bank transfers were made by electronic means (‘bank to bank’); and all credits.

All documents relating to income received in Pakistan during the Financial Year.

All documents relating to income received in Pakistan during the Financial Year.

Documents relating to income received outside Pakistan during the Financial year, viz:

• Any document which is admissible under any Law for the time being in force; and

• The following documents, namely:-

• Documents evidencing payments made by you or on your behalf (such as pay order, cash receipt, etc.) during a period up to 30th June 2022;

• Statements from banks/treasury offices regarding any bank account held by you anywhere in Pakistan;

All documents relating to income received outside Pakistan during the Financial Year.

If you have any documents relating to income received outside Pakistan during this financial year, then you have to submit them at the time of filing your ITR. The documents can be in the form of a bank statement or any other proof that shows that you received an income from somewhere else than Pakistan itself.

Documents showing investment in National Saving Schemes, shares and securities, deposits, etc., required as proof of claim of deduction/exemption under the Income Tax Ordinance 2001, property owned by the taxpayer on which tax is paid, Government Papers held by him on which tax is not liable to be deducted at source, etc.

In case of investment in National Saving Schemes, shares and securities, deposits, etc., required as proof of claim of deduction/exemption under the Income Tax Ordinance 2001.

Documents showing property owned by the taxpayer on which tax is paid.

Government Papers held by him on which tax is not liable to be deducted at source.

Age Proof (if age more than 65 years).

If you are between 65 and 80 years of age, you should submit any document which shows your date of birth. Examples are passports, birth certificates, driving licenses or any other document that is acceptable by the FBR for your old-age tax credit.

List of expenses relating to Office/Residential rent, utilities, traveling and maintenance charges, entertainment expenditure, etc. supported by relevant invoices/vouchers (with original receipts attached if amounting to Rs 5,000 or more).

If any expenditure is incurred on office/residential rent, utilities, traveling and maintenance charges, entertainment expenditure, etc., supported by relevant invoices/vouchers (with original receipts attached if amounting to Rs 5,000 or more).

List of telephone bills with supporting invoices (original receipts attached if amounting to Rs 5,000 or more).

All supporting documents, originals, and copies should be attached to your income tax returns.

Here is a list of the documents that you will need to attach:

• A list of all telephone bills with supporting invoices (original receipts attached if amounting to Rs 5,000 or more).

• A list of medical bills (original receipts attached if amounting to Rs 5,000 or more).

• A list of credit card bills (original receipts attached if amounting to Rs 5,000 or more).

Our income tax lawyers will file your annual income tax return within 2-3 days.

Our income tax lawyers are experts in filing income tax returns. We will file your annual income tax return within 2-3 days.

Our Income Tax Services are provided by a team of highly trained professionals who offer the best and most comprehensive services to clients all over Pakistan, including Karachi, Lahore, Islamabad, and Rawalpindi.

Conclusion

Contact our income tax consultants at info@taxocrete.com to file your income tax return or send us a message on WhatsApp No. 0300-3029093.