28/07/2016
According to instructions of Federal Board of Revenue (FBR) the following persons are required to furnish a return of income for a tax year:
(1) Every person (other than a company) whose taxable income for the year exceeds PKR 400,000;
(2) Every person who has been charged to tax in respect of any of the two preceding tax years;
(3) Every person who claims a loss carried forward under this Ordinance for a tax year;
(4) Every person who owns immovable property with a land area of two hundred and fifty square yards or more or owns any flat located in areas falling within the municipal limits existing immediately before the commencement of Local Government laws in the provinces; or areas in a Cantonment; or the Islamabad Capital Territory;
(5) Every person who owns immovable property with a land area of five hundred square yards or more located in a rating area;
(6) Every person who owns a flat having covered area of two thousand square feet or more located in a rating area;
(7) Every person who owns a motor vehicle having engine capacity above 1000 CC;
(8) Every person who has obtained National Tax Number;
(9) Every person who is the holder of commercial or industrial connection of electricity where the amount of annual bill exceeds rupees five hundred thousand;
(10) Every person who is registered with any chamber of commerce and industry or any trade or business association or any market committee or any professional body including Pakistan Engineering Council, Pakistan Medical and Dental Council, Pakistan Bar Council or any Provincial Bar Council, Institute of Chartered Accountants of Pakistan or Institute of Cost and Management Accountants of Pakistan.
So save yourself from the trouble of notices & penalties from FBR and perform your legal obligations.
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