DOCUMENTS REQUIREMENTS FOR INCOME TAX RETURN 2020
Every person other
than salaried person earning income of Rs. 400,000/- or above is required to
file his income tax return in Pakistan. Most of the individuals involved in
business activity in Pakistan are already paying income tax on electricity,
telephone, mobile phone, banking transactions, children school fee, credit card
payment, motor vehicle token tax, commission, bank profit tax, zakat, donation
etc. etc. these taxes were paid but not claiming at the time of
filing their income tax returns.
Salaried Individual
Sole Proprietor
Rental Income
Free Lancer
Self employed
Bank Profit
National Savings Profit
Agricultural Income
Dividend
Prize and Wining
Commission
Pension Income
Business Individual / AOP / Partnership
*** Salary certificate from employer from 01st July 2019
till 30th June 2020.
***Detail of property income along with copy of rent agreement and tax deduction for the period 01st July 2019 till 30th June 2020, and details of local taxes and expenses in respect of rental income.
***Details of business
income during the year along with supporting documents like electricity bills,
telephone bills, and detail of rent paid, salaries details, printing &
stationery, conveyance charges, bank or financial charges, repair
and maintenance, other expenses etc…
***Details of income earned under the head of capital gain
on disposal of securities, immovable property.
***Details of income earned under the head of other source, like Behbood saving, pensioner benefit account, pension income, dividend, profit on debt, Prize bond, prize and wining, commission.
***Proof of donation paid during the year for claim of tax credit and zakat (bank / FBR approved institution) if any paid during the period 01st July 2019 till 30th June 2020 straightaway deducted from total income.
*** Proof of health insurance paid during the year for claim of tax
credit.
***Mobile tax deduction certificate from mobile companies for the period 01st July 2019 till 30th June 2020.
*** Tax deduction certificate on Educational fee from (school, collage, university) for the period 01st July 2019 till 30th June 2020.
***Proof of advance Tax on booking of new motor vehicle and advance Tax at the time registration and token tax paid if any (already registered vehicle) during the year 01st July 2019 till 30th June 2020.
***Proof of advance tax at the time of purchase or sale under section 236K or 236C.
***Tax deducted on Domestic and International Air ticket for the period 01st July 2019 till 30th June 2020.
***Proof of tax deduction certificate (BSC, PBA, RIC, SSC,
SA,) and statement for the period 01st July 2019 till 30th June
2020 from national saving center.
***Bank certificate for tax deducted on certain banking transaction for the period 01st July 2019 till 30th June 2020 from national saving center.
***Proof of gift / loan received or gift / loan given during the period. Copy of cheque and gift deed / loan agreement.
***Proof of assets purchase, sale or transferred during the year 01st July 2019 till 30th June 2020.
***Detail of Household expenses like rent, electricity, telephone, education, motor vehicle running and maintenance, function and gathering, other expenses etc……
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