Following persons are required to submit their tax returns under the income tax ordinance 2001,
— All registered taxpayers having National Tax Number (NTN).
— Anyone charged to tax in the last two years.
— Persons (salaried, businessmen and others) with annual income of Rs400,000 or more.
— All companies (whose tax period ends between July 1 to December 31).
— Owners of Land (500 square yards or more) or flat within municipal limits, cantonment or Islamabad Capital Territory.
— Owners of Land (500 square yard or more) or flat (with covered area of 2000 square feet or more) in urban area.
— Commercial or industrial electricity connection holders with annual bill over Rs0.5 million.
— Owners of vehicles (1,000CC and above)
— Welfare institutions or Non-Profit Organizations (NPOs) defined in Section 2(36) of Income Tax Ordinance, 2001.
— Members of Chambers of Commerce and Industry or any trade or business association of any market committee or any professional body.
–Resident individuals with foreign income of US $ 10,000 or more/having foreign assets of US$100,000 ore more.
Leave Your Comments