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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you will find this article useful and for more training on this topic please stay
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