This workshop offers practical training on preparing and filing individual income tax returns and wealth statements in accordance with FBR requirements. It is designed for salaried individuals, self-employed professionals, tax consultants, and finance personnel seeking to improve their compliance with Pakistan’s income tax laws.
The session covers the essentials of income classification, tax credits, deductions, declaration of assets and liabilities, and common errors that lead to notices. It also includes a walkthrough of the IRIS portal and best practices for documentation and recordkeeping.
How is this Workshop Helpful?
Filing accurate income tax returns and wealth statements is critical to maintaining a clean tax profile and avoiding penalties. This workshop simplifies the process, enabling participants to file with confidence, avoid errors, and respond effectively to FBR queries if needed.
What Will You Be Able to Do After Attending?
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Correctly prepare and file personal income tax returns using IRIS
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Accurately report sources of income, deductions, and exemptions
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Prepare a complete and compliant wealth statement
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Understand how to match declared income with declared assets
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Reduce chances of audit notices and non-compliance flags
What Will You Learn?
- Understand who is required to file an Income Tax Return in Pakistan
- Navigate the IRIS system step-by-step for return and wealth statement filing
- Declare multiple income sources (salary, business, property, capital gains)
- Differentiate between Active Filer and Non-Filer status and its impact
- Correctly fill out the Wealth Statement and reconcile with income
- Apply exemptions, tax credits, and allowable deductions
- Track carried forward losses, depreciation, and refund claims
- Avoid common errors that lead to audit selection
- Learn the timelines, penalties, and consequences of late or incorrect filing
- Build a habit of maintaining financial records for future returns