Umair A R Mughal 
Reporting Business Income in the New IRIS Return If you are a sole proprietor or AOP running a manufacturing, trading or service business, your business income goes into the Business section of the return. Select it as an income source on the Return Prerequisites screen and the return will generate a number of tabs specific … Read more
Reporting Rental Property Income in the New IRIS Return If you have rental income from residential, commercial, or other property, this amount should be reported in the Property section of the return – make sure to select the income source on the Return Prerequisites screen if not already done. For the 2025 tax year onwards, … Read more
Where Salary Income Goes in the New IRIS Return If you’re a salaried employee preparing your tax return for tax year 2026, the details of your salary appear in the Employment section of your return. This is one of the modules you must select at the very start of the Return Prerequisites screen. If you … Read more
Form A is the Annual Return which every company with share capital has to file with the SECP every year – which is separate to your annual financial statements (Form 45) and separate to Form 29 (which covers changes to directors) – where Form 45 is your finances and Form 29 is who runs the … Read more
A notice under Section 182 imposing penalty for the contravention of any provision of the Income Tax Ordinance 2001 means FBR is considering that you have not complied with a certain requirement, e.g. you missed a filing or submitted an incorrect statement or did not follow instructions in a previous notice from FBR and is … Read more
A notice under section 147 calls for the payment of advance tax on income which FBR estimates you will earn during the current tax year. It is a forward-looking demand and not a rectification of a past return. If you have received a notice asking you to make advance tax payments, knowing what advance tax … Read more
If you need a tax deduction certificate for Jazz for your income tax return, a withholding tax adjustment, or personal records, here is a brief guide on how to obtain one. Why You Might Need a Jazz Tax Certificate The government of Pakistan levies advance tax on telecom bills, under the Income Tax Ordinance. For … Read more
The Active Taxpayers List (ATL) is FBR’s register of current filers: only those taxpayers on the ATL are entitled to the lower withholding tax rates, rather than those with an NTN and/or a tax return filed at some point in the past. This is how taxpayers can determine if they’re on the current ATL: Check … Read more
CPR stands for Computerized Payment Receipt – the official proof that a tax payment has been received by FBR’s treasury. It’s crucial to verify your CPR, particularly if you’ve paid tax through a bank challan or online, to confirm that the tax has indeed been correctly credited against your NTN and not just debited from … Read more
Professional tax in Pakistan is a provincial tax levied on persons carrying on a profession, trade, calling, or employment, in addition to income tax, and is collected by the province not by FBR. It is applicable on doctors, lawyers, consultants, and small trade businesses. Professional Tax Overview As per the Professional Tax Acts of the … Read more
