First step to file Income Tax Return for tax years 2014 and 2019

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.

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:
• Nature of loan.
• Total loan facility availed.
• Total installments paid during the year.
• 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:
• Income from property (gross rent, tax deduction on rent [if any], property tax paid, insurance
premium paid).
 • 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 reconciliation 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.

List of compulsory documents required for filing of Income tax Return in order to become a Tax
Filer in case of business individuals

• Tax Deduction Certificate from Companies / banks / third parties, in case of tax deduction made
from 01st July 2018 till 30th June 2019
• Summary of net sales invoices from 01st July 2018 till 30th June 2019
• Summary of expenses in business from 01st July 2018 till 30th June 2019
• Bank Statement from 01st July 2018 till 30thJune 2019
• Detail of Business Assets as of 30th June 2019
• List of Personal Assets as of 30th June 2019
• Utility bill under name of business or tax filer

Optional documents required for filing your tax return in Pakistan or to become a tax filer (both
for Salaried and Business Individual)

• Certificate of tax deduction from mobile carrier/ operator from 01st July 2018 till 30thJune 2019
• Certificate of tax deducted on profit deducted from PLS / saving account from 01st July 2018 till
30thJune 2019
• Tax on cash withdrawal from bank from 01st July 2018 till 30thJune 2019
• Tax on certain banking transactions from bank from 01st July 2018 till 30thJune 2019
• Foreign remittance certificate from 01st July 2018 till 30thJune 2019
• Tax deducted on Educational fee from 01st July 2018 till 30thJune 2019
• Advance Tax on transfer of Registration or ownership of brand new vehicle from 01st July 2018
till 30thJune 2019
• Advance tax on registration or transfer of immovable property from 01st July 2018 till 30thJune
2019
• Advance tax on functions and gatherings from 01st July 2018 till 30thJune 2019
• Advance Tax deducted by Saving Centre from 01st July 2018 till 30thJune 2019
• Tax Deducted in Foreign transaction from Credit card from 01st July 2018 till 30thJune 2019
• Tax deducted on Domestic and International Air ticket from 01st July 2018 till 30thJune 2019