Presentation On Return Filing 2020

Presentation on
Online Return Filing-For Tax Year 2020
Presented By: Muhammad Imran Gill

(Inspector)
Supervised By: Mr. Abdur Razzaq Khan

(ADC Hq)
Regional Tax Office Sahiwal

Venue: Okara Garrison, Okara
1
Contents
 Basic Terms to understand 2

 Registration and E-Enrollment Process 3
 Return Filing Process 4-5
 Filing of Wealth Statement 6-7
 Creation of PSID for Tax Payment 8-9
 Other Supportive Videos 10
2
Basic Terms to understand
 NTN Holder
 Who have completed the registration process
 His profile is available on NTN Inquiry
 Filer
 Who have filed his Income Tax Return
 His profile is available on NTN Inquiry
 His name will not be available on Active Taxpayer List if he filed his return late.
 Active Taxpayer
 Who have filed his Income Tax Return within due date or deposited ATL surcharge after
late filing.
3
Registration and E-Enrollment Process
 E-Enrollment
 Have NTN but don’t have particulars (Mobile No. and Email Address) in
IRIS
 Registration Process
 Visit FBR Website www.fbr.gov.pk
 Click on the IRIS Button
 Click “E-Enrollment” if you already have NTN and “Registration of un-registered
person” if you don’t have NTN already.
 Complete the form by providing your particulars and captcha.
 By clicking on “submit” button you will get passwords on cell and email provided
by you.
 Provide both passwords in required fields and click on “submit”
 The password for IRIS account will be received by msg and email.
 Tutorial Video
4
Filing Income Tax Return
Return Filing Process

 Open the IRIS account by providing CNIC and password.
 Click on “Declaration”
 Select “Income Tax Return for persons more than 50% from salary” classic
view
 System will asked to provide “Period”
 Click on “Period” which is available on left side
 A dialog box will appear
 Enter tax year like..2020 in the box & press “enter”
 Select Tax Year from the list
 Main page of return will be opened
 Give salary details of Normal & exempt (if any)
Cont…..
5
Filing Income Tax Return
 Click on “Other Income” on the left side (if u have income other than salary)
 Give details and press “calculate”
 Click on “Tax Chargeable / Payments” & select “adjustable tax”
 Put your information of tax withheld here (like 149,231A etc)
 Click on “Computations” & then “Calculate”
 See in the if you have “Tax refundable or admitted tax”
 If you have admitted tax it means you have to deposit this tax before return
submission.
 Tutorial Video for Filing Income Tax Return Online
 Tutorial Video for Adjustable Tax
6
Filing of Wealth Statement
 Wealth Statement
 It deals with total assets and liabilities which a taxpayer hold on the closing date i.e
30th June 2020.
 A salaried person doesn’t required to file wealth statement separately.
 Click on the last icon on the left side “Wealth Statement 116”
 Click on “Net Assets”
 Enter expense amount in each category on annual basis
 Enter Normal Income which was declared in Return
 Enter Income under Final Tac Regime (i.e .. profit on debt)
 Enter amount of Gift, Capital Gain & Other Inflows (if any)
 Enter Net Assets Current year
 Enter Net Assets Previous Year (If filing return first time)
Cont…
7
Filing of Wealth Statement
 Press “Calculate”
 Press on “Assets Reconciliation” for enter / change assets or liabilities
 If unreconciled amount appeared to be “zero”, now you can proceed for
submission (if you haven't any admitted tax)
 Click on “verification”
 Give 4 digit code (You can reset if you don’t remember)
 Click on “Submit”
 Congrats! You have filed your return successfully
 Tutorial Video for filing wealth statement
8
Creating PSID for Tax Payment
 Process of creation of PSID

 Click on “E-File” from FBR website homepage
 Click on “E-Payments” from bar menu
 Select “Income Tax” from the list
 A form will appear
 Select Tax year i.e 2020
 Select CNIC instead of NTN
 Enter your CNIC & click on blank place on the page
 System will automatically pick your particulars
 Select Payment Section (137-Admitted Tax) from the list
 Put the amount in required cell
9
Creating PSID for Tax Payment
 Select Payment Mode i.e cash, cheq, ADC etc (ADC is recommended)
 Put your cell No. and E-mail address in the required cells
 Click on “Create” to create PSID
 Click again on “Create” if all particulars are correct & Press “back” if you need to
change something
 Now you can download PSID
 Print your PSID and pay it in any branch of NBP in cash or cheq etc
 You can pay online if ADC mode was selected (Easypaisa APP, Jazz Cash or Bank
App)
 Tutorial Video to create payment PSID
10
Other Supportive Videos
 Tutorial Video for Application for Refund
 Tutorial Video for Filing of Return through Tax ASAAN App
11
Feel free to ask questions!
12
THANKS
13

Presentation On Return Filing 2020

Uploaded by

Copyright:

Available Formats

Presentation On Return Filing 2020

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Presentation On Return Filing 2020

Uploaded by

Copyright:

Available Formats

Presentation on

Online Return Filing-For Tax Year 2020

Presented By: Muhammad Imran Gill

Supervised By: Mr. Abdur Razzaq Khan

Regional Tax Office Sahiwal

 Basic Terms to understand 2

Return Filing Process

 Process of creation of PSID

You might also like