
This workshop is designed to provide practical guidance on the preparation and submission of income tax returns for business entities, including sole proprietorships and Associations of Persons (AOPs). It focuses on income classification, admissible business expenses, depreciation claims, partner share distribution, and use of the IRIS system for tax return filing.
Special attention is given to common compliance issues faced by small and medium businesses and partnership firms, ensuring participants understand reporting requirements and financial documentation standards.
How is this Workshop Helpful?
Businesses and AOPs face more complex tax requirements than individuals, and non-compliance can lead to penalties, disallowances, and audit risks. This workshop helps demystify the process and empowers business owners, accountants, and tax consultants to fulfill obligations confidently and efficiently.
What Will You Be Able to Do After Attending?
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Prepare and file income tax returns for businesses and AOPs using IRIS
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Distinguish between taxable income and non-taxable receipts
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Appropriately allocate partner shares and claim deductions
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Maintain documentation aligned with FBR expectations
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Avoid common filing errors and enhance audit preparedness
What Will You Learn?
- Understand income tax filing requirements for individual businesses and AOPs
- Use FBR’s IRIS portal to complete the full tax return process
- Declare business income, net profit, and admissible expenses correctly
- Allocate shares among AOP partners and handle their linked returns
- Accurately submit the Wealth Statement and reconcile with declared income
- Apply tax credits (Section 65 series) and claim investment allowances
- Handle adjustable advance tax, minimum tax, and carry-forward losses
- Avoid mismatches and common rejection triggers during return filing
- Learn how to respond to notices, deficiency letters, or audit selections
- Maintain proper records to support your filed return