To facilitate taxpayers, FBR has introduced a simplified wizard based Income Tax Return filing mechanism as a new feature of Tax Asaan mobile application. Application will load reconciliation page as shown below: On successful reconciliation, click on continue button to move to next step for filing return. ], Income Tax Return for Non-Resident Pakistani Taxpayers, Special Instructions for ERROR Correction. On selection the Proceed button will get enabled as shown below: Click on “proceed” button, application will redirect user on Income Tax Return year selection page as shown below: Click on the provided Tax year options shown on the screen to file income tax return for the selected tax year. If an individual fails to furnish a return of income, they are liable to pay equal to 0.1% of the tax payable in respect of that tax year for each day of default subject to a maximum penalty of 50% of the tax payable provided that if the penalty worked out is less than Rs40,000, or no tax is payable for that year such person shall pay a penalty of Rs40,000. Reconciliation of Wealth … FBR constitutes committee to simplify Income Tax Return forms The committee aims at simplifying the income tax return forms to the best possible extent besides developing … Login to 'Iris' by entering your Registration No. In Declaration tab, under Forms section, … Income Tax Return for Salaried Persons Part II. Simply tap on the application icon to get started and view the home screen as shown below: “Income Tax Return’ module can only be used after successful login. After registration you can log into Iris and file your Income Tax Return. source of income page by using back button. File Income Tax Return Home; Income Tax; File Income Tax Return; Income Tax. This system does not support any reporting capability right now however users can only view information specific to provided NTN/Registration Numbers as per available inquiry features in Tax Asaan mobile application. Besides, FBR has issued notices to nearly 1.4 million taxpayers, who were supposed to file return, or filed nil return… Once you add data under any source of income, the application will load edit and delete option to modify or remove the data entered under that category / source as shown below: To edit data added under the specific source of income click on edit button as shown below, the application will redirect taxpayer on edit source of income information page. Required fields are marked *, Income Tax Return for Resident Pakistani Taxpayers, [Please note that in case no source of income or to skip this step enable the check provided as “I don’t have any income from Salary and allownces” or click continue to move to next step. You can add data against multiple tax deduction options by repeating the same steps. User can click on “add another” button to add multiple records. After adding all details under tax deductions, click on “Continue” button to move to the next step for filing tax return as shown below: Tap on Inflows icon, Application will redirect the tax payer to Inflows section. and Password which has been sent on your Cell No. part 02 how to fill fbr income tax return form 114 and 116. Up to December 12, 2020 FBR received around 1.8 million tax returns for tax year 2020. ISLAMABAD: The Federal Board of Revenue (FBR) has set December 8 as the last date to file tax returns, according to a circular the body issued Friday to the commissioners, stressing that … FBR has taken several steps to facilitate the taxpayers to facilitate the submission of income tax returns. After adding all information for the salary and deductions click on “continue” button to move on next step for return filing as shown below: On continue, application will load “Income other than salary” page. Please note that you will need to use Login ID and Password as that of Iris. ], [Please note that if application load reconciliation error then click on back button to edit and correct assets record in order to remove error and process again. The FBR official said late filers were liable to fines and penalties but the board may decide on a case-to-case basis. Click on “Annual deductions on salary” tab to add deductions or tax collected on salary. Those having obtained a National Tax Number (NTN) or Registration Number but do not have credentials to log into Iris … Although, the tax authority hasn't imposed any fine yet the penalty has been under discussion for a while. ], [Please note that you can go back to previous step i.e. ], [Taxpayer can attach multiple CPRs against the due amount however application will only allow taxpayer to submit return after attaching CPRs equivalent or greater than the due tax amount. Tax payer can add relevant information as applicable under the provided source and click “continue” to move on next step. Similarly, if a person fails to furnish a wealth statement, which is mandatory to file along with the return of income, by the due date then such an individual will pay a penalty of 0.1% of the taxable income per week or Rs100,000 whichever is higher. The tax official informed the KTBA the FBR is taking strict action against non-filers and will initiate prosecution against non-compliant taxpayers. If you are not registered with FBR on Iris then use Iris Web portal for New Registration. Sources privy to the development quoted him as saying this during a meeting with Karachi Tax Bar Association (KTBA) on income tax returns for the tax year 2020-21. It may be added here that the last date for income tax returns was December 8, 2020, for salaried and business individuals, taxpayers falling under the final tax regime, and companies with a special tax year. If the taxpayer has some payable tax calculated by the application after reconciliation process then taxpayer will be redirected to the following screen from where the taxpayer has to attach payment receipts: Click on “Attach Payment” link , the application will redirect user on “Attach Payments” screen before submitting the return as shown below: Once the payments receipts are attached or after reconciliation the taxpayer does not have any tax due at his/her return then application will redirect user on declaration screen as shown below: Click on “Submit” button to submit return. For Income Tax Registration Individual can register online through Iris Portal … The FBR had received a total of 2.7 million income tax returns in the last fiscal year ended on June 30, 2020. Click “continue” to move on next step relevant information as applicable under the provided source and click to. 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