• Home
  • News
    • Latest News
  • How To
  • Social
  • Gaming
  • Packages
  • Mobile
    • Mobile Price
  • Products Reviews
Thursday, August 18, 2022
TechBeast PK
  • Home
  • News
    • Latest News
  • How To
  • Social
  • Gaming
  • Packages
  • Mobile
    • Mobile Price
  • Products Reviews
No Result
View All Result
  • Home
  • News
    • Latest News
  • How To
  • Social
  • Gaming
  • Packages
  • Mobile
    • Mobile Price
  • Products Reviews
No Result
View All Result
TechBeast PK
No Result
View All Result

How To File Income Tax Returns For Your Business Online

Share on FacebookShare on Twitter

Do you want some guidance about filing income tax for individuals and businesses?- If you are looking for that content then you will found here exactly what you want to know.

How To File Income Tax Returns For Your Business Online

The FBR has provided the easiest system for allowing individual and business organizations to file the income tax online. Make sure you clearly understand the terms and conditions of the income tax laws. Why you need to file the income tax law and what are the benefits or disadvantages of filing or not filing the income tax.  Here you will find detailed guidance about how to file income tax returns for your business online.

How To File Income Tax Return For Business:

If you want to file income tax for your business then you have to follow the all steps of this procedure for your ease.

Collect The Records:

First of all, collect all of the records related to business or anything that you want to file an income tax return. Make sure you have everything available on the table to fill this Tax performa.

When you find out every single record about the business before going to start then you don’t need to worry while performing this Online Tax procedure. You have to income statements, balance sheets, and business revenues & expenses throughout the year.

Login Into The IRIS Platform:

To file the income tax, the user should have to go to the Federal Board of Revenue official website and then have to login into the online portal of IRIS by entering the username and password.

See also  How to Buy Ufone Golden, Platinum, or Silver Numbers?

If the user doesn’t have an IRIS account then he/she must have to sign up for this account by providing a username and mobile number which will register at your ID.  After that, the user can file the Tax return.

Submit Your Tax Form:

After login into the IRIS platform, fill in your income tax form by entering all of the requirements that is need to be entered. Let’s move on to its step-by-step procedure.

  • Click on the “Data tab” in the top left corner
  • Then select the “business tab”
  • Go through all of the fields from the below bar of the business tab while entering the annual income of your business into the tax form
  • The forms have different options including Gross fit, income/loss from business, gross revenue. selling expenses, net purchases, and cost of sales/services.

For Income Tax:

Go for the data declaration in the left top menu and then click on the first option return of income

Income Tax Form

 

Then click on the period and write the period of tax

How to file tax income form

 

After that click on the employment then salary option and fill up all requirements

Submit income Tax form

 

Similarly, you can check for property, business, assets, and all other available options for your income tax

Income Tax form requirements

Now in the tax chargeable option, you can adjust the tax by adding different vehicles or others

Calculate the tax

 

Click on the + button on the right side to add vehicle tax file, you can add the vehicle form

vehicle tax information form

Similarly, you can check from the above menu and like Data, Payment, attributes, and option of PTR

See also  How To Unlock Motorola Moto G 3rd Generation For Free - 100% Working Methods

Options of PTR

Click on the data tab then tax chargeable option for income tax of your business

Income tax form for your business

After filling all of the requirements you have to submit the form by clicking on “submit” and then “Yes” to confirm

Submit the income tax form

Who needs to file income tax returns:

There are different criteria for every different business organization and many. Here you have the list of organizations and people who have to need file income tax returns.

  • Every Business or Organization
  • The individuals who earn more than 4,00000 PKR annually have to pay tax
  • According to clause (36) section, every non-profit organization must have to pay tax
  • Those who have a vehicle of more than 1000 CC
  • Those Individuals who have flat or land in the high rating areas have to pay tax
  • Every Person who have NTN (National Tax Number)
  • Those who have a commercial connection of the electricity and exceeds their bills of more than 500,000 PKR must have to pay tax

Final Words:

Here you have all of it guys. I hope that the information I have provided to you about how to file income tax returns for your business online. If you have any queries about this content, feel free and just ask in a comment box. We are here for you.

Stay connected for further these kinds of updates!

 

 

 

 

 

 

 

Share5Tweet3

Blog Post

  • Live Net TV APK Free Download
  • How to Unlock LG stylo 4
  • What is a learning management system (LMS)?
  • USAT 2022 for admissions to the HEC undergraduate program
  • The best way to download Udemy courses for free in 2022
  • HESCO bill payment online 2022: How to check and pay
  • Download the free full version of Inpage Software for PC
  • T500 smartwatch Price in Pakistan?
  • The best smartwatches under 5000 rupees in Pakistan
  • Best Green Mask Stick in Pakistan 2022
  • Top 5 supfate free shampoo in Pakistan
  • 5 of the best salicylic acid face washes available in Pakistan
  • 5 Best Foundations For Oily Skin in Pakistan you should buy in 2022

Categories

  • APPS
  • Business
  • Call Packages
  • Car Charity
  • Featured
  • Gaming
  • How To
  • Internet Packages
  • Latest News
  • Mobile
  • Mobile Price
  • News
  • Packages
  • Products Reviews
  • Services
  • Social
  • About Us
  • DMCA
  • Privacy Policy
  • Terms of Use
  • Contact
Contact Us: [email protected]

© Copyright TechBeast Pakistan. Design By SEO Company Lahore

No Result
View All Result
  • Home
  • News
    • Latest News
  • How To
  • Social
  • Gaming
  • Packages
  • Mobile
    • Mobile Price
  • Products Reviews

© Copyright TechBeast Pakistan. Design By SEO Company Lahore

This Website uses Cookies. By Continuing to use this Website you are giving Consent to Cookies Being used. Visit Our Privacy and Cookie Policy.