Income Tax Returns in Pakistan

income tax returns
Income Tax Returns Mindgigspk.com

Income Tax Returns (ITR) is a form in which people are supposed to submit the tax to the Income Tax Department. It contains information of the person’s income and the taxes to be paid during the year. Information filed in ITR should pertain to a particular financial year.

Income can be of different forms like the following:

  • Income from salary
  • Profits and gains from business and profession
  • house property income
  • Income from capital gains
  • Income from other sources such as dividend, interest on deposits, lottery, etc.

How to file Income Tax Return in Pakistan

Following are the steps to file income return in Pakistan:

  • Logging into Iris
  • Password for Iris login
  • Completing Income Tax Return
  • Revising Income Tax Return
  • Filing Income Tax Return after deadline
  • Record keeping for Income Tax Return
  • Persons obligated to file Income Tax Return
  • Credits, Rebates and Exemptions for Income Tax Return
  • Privacy of personal information

FBR income Tax Return Form of Salaried Person

  • Certificate of tax deduction from employer from 01st July 2020 till 30th June 2021
  • Statement of bank account from 01st July 2020 till 30th June 2021
  • Personal assets list along with their value of purchase
  • Bank loan and other liabilities if any
  • Utility bills

Benefits of e-filing:

Saving of time

The taxpayers do not need to visit a tax inspector. Though they can just send all the information from a taxpayer office.

No duplication

Moreover, electronically submitting tax returns and accounting documentation becomes safe and unique, by not having duplication.

Errors avoiding

Since E-filing software greatly reduces the number of errors. As, this software automatically checks tax and accounting reporting, and processes the data accurately.

Guaranteed updates

Due to changes in tax or accounting reporting forms, or changes in reporting forms, the taxpayer automatically gets an update before the due date of e-filing.

Peace of mind

During the e-filing the taxpayer gets an official statement from the tax authority confirming that the taxpayer is compliant. Tax authority transmits information through an authorized operators.

Delivery confirmation

For e-filing, the taxpayer obtain delivery confirmation to consider as legal.

Confidentiality

The e-filing software provides important information security which also protects privacy.

Improving data processing

Due to the e-filing system data processing improved a lot and has less chance of error.

Who should file Income Tax Returns in Pakistan

All the people who are able to pay the tax are obliged to file a return of income with the tax authorities on a fiscal year basis (1 July through 30 June). Later, the filing requires approval of the commissioner, with certain limitations and conditions.

Every resident should file a wealth statement  along with the return of income. The commissioner can also hire any person to issue the said statement. The Commissioner, who is empowered to disallow such revision in case he/she is of the view that the same has not been made for errors or omissions.

It is prerequisite for those Individuals who get an income of PKR 500,000 to e-file the return of income.

Likewise, Foreign income equal to or in excess of 10,000 United States dollars (USD) or having foreign assets equals to USD 100,000 or more people should file a separate statement of foreign income and foreign assets.

Want to know How to open a Bank account?

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Ludo star hack

Ludo Star Hacks: Here’s How to Always Get a Six

Ludo Star Hacks

We have all spent hours hooked to the Ludo Star Hacks board, waiting for our first six, praying that our gotis don’t get killed off, and looking for the dice to roll the magic number to steer us to victory. There were Ludo apps before, however, none had been as successful as Ludo Star. Since its release just a few months ago, Ludo Star already has five million downloads on Google Play and is raking in 28,000 downloads per day.
But at the end of the day, it is still a game, and therefore like some other program, there may be a loophole in Ludo Star which people are now exploiting to get sixes constantly. There were several people speaking about it on the Internet so we at TechJuice took the problem into our own hands to check whether this hack simply works

Here is what you want to do to always get a six:

  • Please first of all keep your focus on the green light this is proven or shown on your picture or avatar
  • As quickly as one zone of the green ticker has cleared
  • You will get a six almost always in case you tap on the dice at this point

This is an easy hack to almost constantly get a six. While you can additionally get a six at different times too.

How to Get Ludo Star Old Version

You are browsing old variations of Ludo STAR. Here you will find APK files of all of the variations of Ludo STAR to be had on our website posted so far.
Sometimes newer versions of apps may not work with your tool because of device incompatibilities. Until the app developer has constant problems, try using an older version of the app. It consists of all of the record versions to be downloaded off Uptodown for that app. Download rollbacks of Ludo Star for Android.

Ludo Star Old Version:

  • 1.84.5 Sep 4th, 2021
  • 1.84.4 Aug 28th, 2021
  • 1.83.1 Aug 28th, 2021
  • 1.81.1 Apr 25th, 2021
  • 1.80.3 Apr 6th, 2021
  • 1.80.2 Apr 4th, 2021
  • 1.79.1 Mar 16th, 2021

How Do You Download Ludo Stars on PC?

  1. Download and install BlueStacks for your PC
  2. Look for Ludo Star in the seek bar at the top right corner
  3. Click to install in Ludo Star from the search result
  4. Complete Google sign-in (in case you skipped step 2) to install in Ludo Star

Personal Growth Click Here

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