List of documents needs to file Income Tax Return for tax year 2021

Following list of documents is needed for salaried person to accurately file Income Tax Return for FY 21. Last date is 30th September 2021. Salary certificate or total salary for tax year Tax deducted at source certificate Bank balance at close of tax year Any other source of income Any assets movable or immovable bought […]

What is Section 170 FBR in Pakistan?

Section 170 of the Income Tax Ordinance 2001 deals with tax refund. If you have paid tax in excess of the amount which was properly chargeable under this Ordinance for the relevant tax period, you may apply to the Commissioner for a refund of the excess amount paid as tax. What is the time frame […]

What is 119(1)/114? Here is what you should do

119(1) / 114 is the Application for extension in time for filing of Return of Income. When do you receive this order? When a person who is required to furnish —(a) a return of income under section 114 or 117;(b) a wealth statement under section 116,is unable to file income tax return or wealth statment […]

Got 176(1) Notice from FBR – What should you do?

176(1) (Notice to obtain information or evidence) NOTICE UNDER SECTION 176 OF THE INCOME TAX ORDINANCE, 2001 FOR THE TAX YEAR 2018.                                 Please refer to the above subject.                                 It is intimated that M/S YYYYYYYY AND PRODUCTION COMPANIES ASSOCIATION, NTN 065XXXX-7, falls within the jurisdiction of this office for the purpose of withholding Taxes. […]

Got 119(3) / 114 Order from FBR – What should you do?

119(3) / 114 (Order to grant / refuse extension in time for filing of Return of Income) In light of circumstances mentioned in your application, extension is hereby granted till 15.01.2021. Please note that no further extension will be granted. When do you receive 119(3) / 114 notice from FBR? When a person who is […]

Got 120 Notice from FBR – What should you do?

120 (Order to make Self-assessment) When do you receive 120 notice from FBR? Why you got 120 notice from FBR? What should you do after receiving 120 notice from FBR? Reach out to help if you are unable to file your Tax Returns Properly

Got 115(4) Notice from FBR – What should you do?

115(4) (Statement of Final Taxation filed voluntarily) When do you receive 115(4) notice from FBR? Why you got 115(4) notice from FBR? What should you do after receiving 115(4) notice from FBR? Reach out to help if you are unable to file your Tax Returns Properly

Got 181 Notice from FBR – What should you do?

181 (Form of Registration filed for modification) (Income Tax) When do you receive 181 notice from FBR? Why you got 181 notice from FBR? What should you do after receiving 181 notice from FBR? Reach out to help if you are unable to file your Tax Returns Properly

Got 137(2) Notice from FBR – What should you do?

137(2) (Notice to pay tax payable) Whereas the amount mentioned below has been determined to be payable by you for the tax year mentioned above under the Income Tax Ordinance, 2001 (XLIX of 2001). You are required to pay the said amount within thirty days from the date of service of this notice, to the […]