Every person falling within the categories defined by the Income Tax Ordinance, 2001 is required to file an annual income tax return — and there are penalties for non-filing. Staying on the Active Taxpayers List (ATL) also brings real financial benefits, from lower withholding tax rates to smoother property and vehicle transactions.
We prepare and file accurate, on-time income tax returns and wealth statements for individuals, associations of persons (AOPs) and companies.
Who Needs to File?
Salaried individuals above the taxable threshold, business owners, property owners, vehicle owners above a certain value, and all registered companies and AOPs are generally required to file annual income tax returns with the Federal Board of Revenue (FBR). Filing keeps you on the Active Taxpayers List and helps you avoid penalties and higher withholding tax rates.
Key Features
- Accurate computation of taxable income and tax liability
- Adjustment of withholding tax already deducted during the year
- Wealth statement preparation and reconciliation
- Support for salaried individuals, business owners, AOPs and companies
- Timely filing to keep you on the Active Taxpayers List (ATL)
Our Process
- Gather Income & Expense DetailsWe collect your salary certificates, business records, bank statements and asset details.
- Compute Taxable IncomeWe calculate your taxable income and applicable tax liability under current law.
- Adjust Withholding TaxWe reconcile tax already withheld against your total liability to minimise what you owe.
- Prepare Wealth StatementWe prepare a reconciled wealth statement showing your assets and liabilities.
- File with FBRWe submit your return through IRIS before the deadline and share the acknowledgement.
Documents Required
- CNIC and prior year's tax return (if any)
- Salary certificate or business income details
- Bank statements for the tax year
- Details of assets — property, vehicles, investments
- Withholding tax certificates deducted during the year