Income Tax Return Filing - Money Trail Disabled

This service is not advised !! If you earn more than one of the following, Rental Income, Gain form Sale of Precious Goods, agriculture Income, Foreign Income or Income Under other hands or Income from Salary !! You are highly advised to get your money trail prepared.  
PKR. 3,000.00
Qty:

List of Document Required:
1. List of Sources of Income (Salary, Rent, Gain, Business Profit, any other income)
2. List of Tax deducted during the year (e.g. Mobile Sim, Children fee, Salary, Wapda, PTCL, Purchase/Sale of Land, Purchase of Motors, Bank,  any other WHT deducted during the year)
3. Balances of bank accounts at July 01 and June 30 each year.
4. List of Property (with address), Vehicles (Amount & Date of Purchase), Gold, Silver, or any other assets.
5. List of personal expenses e.g. Rent, Education, Zakat, Medical, Household, Travelling, Utility Bills etc.

Expected Time to Complete the process:
01 (One) Working Day.

What are the Deliverables:
1. IRIS Generated Submitted Copy of Income Tax Return under section 114.
2. IRIS Generated Submitted Copy of Wealth Statement under section 116.


Special Note:
This service is not advised!! "If you earn Only one of the following, Rental Income, Gain form Sale of Precious Goods, agriculture Income, Foreign Income or Income Under other hands or Income from Salary please choose this." otherwise; You are highly advised to get your money trail prepared.  

What is Money Trail?

Preparation of tax returns is a work of accountant computation, While taking all the incomes related to a taxpayer including;
1. Salary Income
2. Income form Business
3. Income From Property
4. Capital Gains
4. Income from other sources

An accountant needs to go through your records like,

1. Preparation of Profit and Loss from business during the year via your business Books of Accounts

2. Computation of Medical Allowance allowed in your salary
3. Preparation of Complete Debit/Credit of your all bank accounts
4. Introduction and deletion of your assets and properties
and many more.

While doing this he has to translate your oral statements into financial transections by taking set of assumptions. When a return is prepared all the supporting data and assumption sheets when combined to form a complete report it is called Money Trail.

Any person having any head in addition to salary is highly encouraged to get Money Trail Prepared! so that if the data is asked in subsequent years, he/she may present it to the commissioner to understand the assumptions taken by the consultant while preparing the annual tax returns. 

  • Availability: In Stock
  • Model: S-114/S-116
  • Brand: FBR

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