Umair A R Mughal

Frequently Asked Questions About the New IRIS Income Tax Return Below are the most common questions taxpayers ask about the modular Income Tax Return system introduced by FBR, organized by section. If you’re new to the new IRIS interface, start with our step-by-step guide to filing your income tax return online. General Who can use … Read more

What Return Filing on Notice Means If FBR’s tax office has issued you a notice asking you to file an Income Tax Return or submit a required declaration, you respond to it directly through IRIS rather than filing a separate standalone return from scratch. This is different from your regular Voluntary Return filing – it’s … Read more

When You Need a Revised Return A Revised Return exists to correct errors, omissions, or incorrect information in a return you already submitted – separate from your original Voluntary Return, which is the first return you file for a tax period. If you spot a mistake after submission – a missed income source, an incorrect … Read more

What the Unreconciled Amount Means If you’re submitting a Wealth Statement as part of your IRIS return, you’ll see a field called “Unreconciled Amount” in the Reconciliation of Net Assets section. This appears when your declared inflows, outflows, assets, and liabilities for the year don’t add up consistently against each other. The Unreconciled Amount must … Read more

Reporting Agricultural Income in the New IRIS Return Income from cultivating crops, agricultural produce, orchards, or other farming-related operations on agricultural land is reported through the Agriculture section of the return. Select it as an income source on the Return Prerequisites screen if this applies to you. For the full return walkthrough from login to … Read more

Reporting Foreign Income in the New IRIS Return If you earned salary from a foreign employer, payments from overseas clients, foreign business profits, rental income from overseas property, foreign dividends, bank interest, royalties, or capital gains on foreign assets, that income goes into the Foreign Sources section. Select it as an income source on the … Read more

Reporting Other Sources Income in the New IRIS Return Not every type of income fits neatly under Employment, Property, Business, or Capital Gains. Dividends, profit on debt, royalties, prizes, winnings, annuities, and anything else that doesn’t belong under another head of income go into the Other Sources section. Select it as an income source on … Read more

Reporting Capital Gains in the New IRIS Return If you sold or disposed of shares, securities, immovable property, mutual funds, or other investments during the tax year, that profit goes into the Capital Gain section of the return. Select it as an income source on the Return Prerequisites screen if you haven’t already. For the … Read more

Reporting Business Income in the New IRIS Return If you run a manufacturing, trading, or service business as a sole proprietor or AOP, 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 build out a set of tabs … Read more

Reporting Rental Property Income in the New IRIS Return If you earn rent from a residential, commercial, or other property, that income goes into the Property section of the return – select it as an income source on the Return Prerequisites screen if you haven’t already. For tax year 2025 onward, FBR requires all property … Read more