21/07/2021
We have firm belief that you are fully aware of your legal, moral and social responsibility of filling Annual Income Tax Returns as applicable on individuals, AOPs and Companies. Failing the compliance of this responsibility will attract certain monetary penalties which are defined in law. We also wish to mention here that we are starting to receive input for Filing of Income Tax Returns. It is therefore requested to kindly forward your respective data* to us so that we can process their returns seamlessly.
* List of documents are listed below:
i) Salary certificate from the employer for the year ended 30th June 2021
ii) Details of property income along-with copy of rent agreement and tax deduction certificates (if any)
iii) Details of business income earned during the year along-with supporting documents
iv) Details of income earned under the head capital gain (i.e., gain on disposal of securities, immoveable property)
v) Details of income earned under the “Other sources” like pension income, agricultural income, dividend, profit on debt, Prizes and winnings, commission, gift received etc.
vi) Documentary evidence in respect of taxes paid or advance tax collected or deducted (i.e., Salary, rent, dividend, provincial income tax in case of agricultural property, profit on debt, withholding on cash withdrawal, advance tax on sale or purchase or transfer of immoveable property, advance tax on purchase of air ticket, telephone, advance tax on private motor vehicles etc.)
vii) Details of local taxes and other expenses paid in respect of rental income
viii) Copy of bank statements of all bank accounts for the period April 01, 2020 to March 31, 2021
ix) Proof of donation (if any) paid for claim of tax credit u/s 61 of the Ordinance
x) Proof of any investment in new shares/mutual funds units/life insurance premium paid for claim of tax credit u/s 62 of the Ordinance
xi) Proof of any health insurance premium paid for claim of tax credit u/s 62A of the Ordinance
xii) Proof of any contribution paid to an Approved Pension Fund for claim of tax credit u/s 63 of the Ordinance
xiii) Proof of Zakat (If any) paid or deducted by the banks for claim as a deduction
xiv) Proof of any loan obtained along-with schedule by the individual for the construction of a new house or the acquisition of house for claim as deductible allowance u/s 60C of the Ordinance.
xv) Any increase/decrease (i.e. purchase/sale) during the year in assets and liabilities along with documentary evidence.
xvi) Estimated household expenses including foreign trips (official/private), children education expenses, utilities expenses etc.
In case of any query, please do not hesitate to contact me.
