Who Needs To File Income Tax Returns

Who Needs To File Income Tax Returns

A very important question for every individual in Pakistan that who actually has to be filer with FBR portal. Or Who need to file income tax returns. For this am here as your income Tax Coaching Classes. This is our 2nd Class and today we will learn about the List who need to be filer or who must have to file their Income Tax Return.

Respected Visitor am  going to share the final List of Individuals who must have to submit their income tax return for the Tax Year as per Income tax ordinance 2001. Let see the list and share your feedback what you think about this episode. 

I hope you will like to learn more about Income tax ordinance classes online. Keep in mind this is free Online Training Classes for all of you. Let See the Updated list of individual who need to file income Tax Returns. 

List of all Individuals who Need to File Income Tax Return

·         Every individual who possesses a National Tax Number.

·  Every individual registered at any chamber of commerce and industry or any trade or business association or any market including Pakistan Engineering Council, Pakistan, Medical and Dental Council, Pakistan Bar Council or any Provincial Bar Council, Institute of Chartered Accountants of Pakistan or Institute of Cost and Management Accountants of Pakistan.

·  An individual who claims an immovable property with a specific area (two hundred and fifty square yards or more) or any flat situated in regions that fall inside as far as possible existing instantly before the commencement of Local Government laws in the provinces; or zones in a Cantonment; or the Islamabad Capital Territory.

·   All individual who possesses immovable property with a land area of five hundred square yards or more situated in a rating area.

· Every individual who possesses a flat of area two thousand square feet or more situated in a rating region. A Register Company in Pakistan will be the part of that.

·  A Non-Profit Organization mentioned in clause (36) of Section 2

·  Any Organization, institute register as welfare institute approved under clause 58 of part I of the second schedule.

· All individual subjected to tax in respect of any of the two preceding years.

·All individual claiming a loss to make progress with the ordinance for tax year.

· Every individual who claims to own a motor vehicle having engine capacity above 1000 CC.

· Every individual who is the holder of commercial or industrial connection of electricity where the amount of annual bill exceeds the prescribed limit (rupees five hundred thousand or more)

·  Every individual who has a business income that exceeds rupees three hundred thousand (PKR 300,000) but does not exceed rupees four hundred thousand (PKR 400,000) in a tax year

· A Salary Person that have more than Rs.400,000 Salary annual basis I liable to submit his file return on annual basis.

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