REQUIRED DOCUMENTS FOR INCOM TAX RETURN IN PAKISTAN

To file your income tax return and obtain a National Tax Number (NTN) in Pakistan, you need to prepare and submit several important documents. The specific requirements can vary slightly depending on your individual circumstances, but generally, the following documents are typically required:

(1) ID CARD FRONT BACK PHOTO
(2) REGISTERED MOBILE NUMBER
(3) GMAIL ID
(4) ALL BANK STATEMENTS OF CURRENT TAX YEAR (01 JUK\LY TO 30 JUNE)
(5) TOTAL ASSETS DETAIL MOVEABLE OR IMMOVEABLE PROPERTY (PROPERTY, VEHICLES, INSURANCE DETAIL, INSTALLMENTS PLANS ETC)
(6) LELCTRICCITY BILL BUISNESS AND HOME
(7) BUSINESS NAME
(8) FOR SALARIED PERSONS (SALARIED CERTIFICATE)
(9) BUSINESS INCOM
(10)TAX DEDUCTION CERTIFICATE FOR DISTRIBUTORS AND CONTRACTORS
(11) OTHER SUPPORTING DOCUMENTS

For Obtaining NTN:
1.CNIC (Computerized National Identity Card):

A copy of your CNIC is required for individuals. For companies, a copy of the NTN of the authorized person and registration documents is needed.

2. *Application Form:

You need to fill out and submit the NTN application form (Form-181).

3.Bank Account Details:

Information about your bank accounts may be required, including account numbers and bank names.

4.Proof of Residence:

This may include utility bills or any other document that can establish your place of residence

For Filing Income Tax Return:

1.Income Statement:

A detailed statement of your income for the year, including salary, business income, rental income, etc.

2.Bank Statement:

Bank statements for the relevant financial year.

3.Expense Verification:

Records or receipts of any deductible expenses that you plan to claim.

4. Certificates of Deduction of Tax at Source:

If applicable, certificates showing tax that has already been deducted at the source (for example, by your employer)

5.Investment Documentation:

Any documents or statements related to investments, property, or assets that may affect your taxable income.

6.Property Details:

If you own property, you may need to provide details regarding its acquisition and its estimated value.

7.Other Supporting Documents:

Any additional documentation that may support your income claims or deductions.

Additional Information:
– Ensure that all documents are complete, accurate, and current. Incomplete applications can result in delays.
– It may be beneficial to seek guidance from a tax consultant or financial advisor who is familiar with local tax laws, especially if your financial situation is complex.

Always check with the HAMID LAW FIRM (03216555558) for the most current and detailed requirements, as tax regulations can change.

REQUIRED DOCUMENTS IN ONE PAGE:

BENEFITS

In Pakistan, income tax benefits play a crucial role in promoting investment and economic growth. Individuals and businesses can benefit from various tax deductions and exemptions aimed at reducing their overall tax liability. For instance, taxpayers can claim deductions for contributions to approved retirement funds, health insurance premiums, and charitable donations, which incentivizes philanthropic activities. Additionally, certain sectors, like agriculture and information technology, may receive special tax incentives to stimulate growth. The government also offers tax credits for investments in renewable energy and industrial expansion, making it easier for entrepreneurs to thrive while ensuring compliance with tax regulations.