Tax Return Filing for Tax Year 2023
Tax year 2023 requirement for income tax return and Wealth Statement filing
Tax Return Filing for Tax Year 2023: The filing of income tax return for tax year 2023 (Tax period: 01-07-2022 to 30-06-2023) will start from July 01, 2023 and will remain continue till September 30, 2023.
As per Income Tax Ordinance, 2001, all taxpayers, other than corporate entities, are required to file their annual Income Tax Returns / Wealth Statements on or before September 30 every year. We would be pleased if, your good self will provide all the relevant details mentioned below as soon as possible.
INCOME TAX RETURN
Salaried Individual
- Salary tax deduction certificate or salary slips
- Foreign Remittance Certificate
- Any other Source of Income (if, any)
- Bank statements (Personal)
- Evidences of withholding taxes paid such as: Mobile, PTCL, Vehicle taxes
- Taxes paid on sale / purchase of properties
- Education fees along with taxes paid on fees
- Certificate from bank against tax deduction on cash withdrawal/ profit Rent detail, fixed deposit against rent, if any.
- Capital gain tax in case stock & shares transaction
- Copies of Dividend certificates
- Detail of agricultural income, if any Any kind of changes in wealth.
Business Individual
- Sales / Purchase detail
- Foreign Remittance Certificate
- Detail of agricultural income
- Any other Source of Income (if, any)
- Bank statements (Personal / business both)
- Electricity, Telephone, Gas, Water, Mobile bills
- Evidences of withholding taxes paid such as: Mobile, PTCL, Electric, Vehicle taxes
- Taxes paid on sale / purchase of properties
- Education fees along with taxes paid on fees
- Certificate from bank against tax deduction on cash withdrawal/ profit.
- Certificate from companies/firm who deducted tax against payments.
- Addition in fixed assets and any disposal / sales
- Turnover, advance tax, u/s. 236-G/236-H/ turnover taxes paid challans.
- Accounts, if maintained such as receivables / payables.
- Rent detail, fixed deposit against rent, if any.
- Copies of GDs in respect of Imports / exports.
- Capital gain tax in case of stock & shares transaction
PERSONAL EXPENSES
Personal expenses include the followings:
- Electricity bills / Telephone bills / Mobile bills / Gas / water bills
- Education fee receipts / Travelling expenses / Function and gathering
- Zakat / Donations / Details of foreign trips (Non business)
- Other House hold expenses / Contribution by family members
Documents Required For Tax Return 2023
- Total salary income from July 2022 to June 2023 as per salary slip
- Tax deduction on salary 2022-2023
- Income from profit on bank accounts/deposits
- Tax deduction bank deposits
- Any change/addition/sales in property or plot
- Any change/addition/sales in motor car/motor cycle
- Any bank account opened during 2022-2023
- Any bank account closed during 2022-2023
- Bank statement 2022-2023 with closing balances as on June 30, 2023
- Loan taken from any person or family member
- Any business income
- Any other income
- Sales /purchase of assets during 2022-2023
- Detail of gift received along with gift deed
- Any property or share in property received from inheritance
- Foreign remittance received from abroad
Please provide all documents through email
