DOCUMENTS REQUIRED FOR SUBMISSION OF ANNUAL INCOME TAX RETURN
When working for tax return is started then first step is to get documents from the client and documents required for submission of annual income tax return depends on the type of taxpayer. Some documents are same for all type of taxpayers and some differ.
It is a very wrong perception among some taxpayers, and consultants that there is no need of bank statements. It’s categorically explained here that complete bank statements of all bank accounts of a taxpayer are required for preparation of tax working. It is required for preparation of bank analysis. You may say that complete accounting concepts are used for preparation of working of all taxpayers irrespective of type of taxpayers.
Its a vey working practice among some consultants that they do not use accounting concepts in preparation of tax working. They should consider both the tax and accounting concepts in preparation of tax working.
Currently last date for submission of annual income tax return is 16th December 2019. Which can be availed to avoid the heavy penalties and surcharge of non submission or late submission of annual income tax returns.
Here some list of documents is given Which is required for preparation of tax working for submission of tax returns.
List of Documents
1 CNIC Copy (for registration)
2- Login & Password of FBR (If Already Registered)
3- Residential Address
4- E-Mail Address
5- Mobile No (Never used before for Tax Purpose)
6- Principal Earning/ Professional Activities
7- Employer Particulars
8- Photocopy of NTN Certificate, If any.
9- Description of any share in any business, partner of any firm, or director of any company, if any.
10- You are Resident or Non Resident Person, (Resident if you are in Pakistan for 183 days or more)
11- Description and photocopies of evidences of any investment in the following, – Shares of any company, – Investment in Defense saving certificates, – any other investment in any banking company,
12- Any dividend income received from any company, (copies of dividend warrants received)
13- Photocopies of Salary Certificate from Employer and tax challans for the tax year under rule 42,
14- Description of foreign source of income and any tax deducted on that income, if any
15- Copy of evidence of Zakat / Donation paid to any charitable institution.
16- Any property income and copy of tax paid on rental income U/S 155 from any property.
17- Agricultural Income (Copy of agreement or evidence of income) and Agriculture Tax Paid, if any,
18- Copy of last year “Income Tax Return” filled, if any.
19- Copies of Bank Statements of all bank accounts and credit card statements from 1st July, 20.. to 30th June 20..
21 Rent agreement if you are living in a rental house.
20- Description of any plot/house sold / Purchased during the year, – Source of proceeds received / Paid (In Cash / Bank ) – Particulars of Property against which Amount received against sale / Paid against Purchase Any other source of income which has evidence in the form of document or directly received in bank through cross cheque,
21- Certificate of Tax deduction U/S 236 from Mobile/Cellular Company of your mobile number or any number which your family member is using but is in your name.
22- Address of sold property – Amount Received / Paid – Date of Sale / Purchase – Any Tax Paid on Sale / Purchase
23- Copy of Annual Token Tax paid on vehicle U/S 234.
24- Copy of evidence of air tickets availed during the year
25- Amounts of Following personal expenses are required, – Residential Rent / Property Tax/ Fire Insurance/ Security Services/ Water Bills – Education of Children/ Spouse / Self – Travelling Exp, foreign or local -Expense of any Club – Any fine or penalty paid for the violation of any law or regulation. – Any contribution by any other family member – No of Family members, Adults, Minors
26- Any other information which you deem to be provided for the purpose of filling the Income Tax Return.
Specific Documents for Buisness type Taxpayers
27- business expenses Evidences
28- business income evidences
29- tax deducted by customers under section 153
30- sales tax returns copies
31- evidences of tax deducted by employer on salary , suppliers etc
32- submitted withholding statements under section 165
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