Returns and Assessments Chapter- 17
Provided that the Board may prescribe different returns for different classes of income or
persons including persons subject to final taxation;
shall fully state all the relevant particulars or information specified in return form and
declaration of the records kept by the taxpayer; and
shall be signed by the person or the person's representative, where applicable.
shall be accompanied with due payment of tax due as per return of income; and
shall be accompanied with a wealth statement. and
shall be accompanied with a foreign income and assets statement as required under section
116A.1.2 Furnishing of return of income [Rule 34]
A verified return of income u/s 114 shall be furnished in the form as specified in Annexure-XIII
of Part VI of the Second Schedule to Income Tax Rules, 2002 and accompanied by applicable
documents, statements, certificates, annexes; and
In case of companies, the return of income shall be accompanied by audited accounts and
reconciliation of profits as per accounts and taxable income as per return.1.3 Procedure to file the return [Section 114(2A)]
A return of income filed electronically or through any magnetic media or any other computer
readable media specified by the Board shall also be deemed to be a return.
The Board by notification in the official Gazette may make rules for determining eligibility of the
data of such returns and e-intermediaries that will digitize the data of such returns, statements
or other documents etc. to transmit the same electronically under their digital signatures.1.4 Special cases where less than twelve months return is required [U/S 114(3)]
The CIR may by notice in writing require from a person to furnish a return of income for a period of
less than twelve months, where the person has died, become bankrupt or gone into liquidation,
permanently to leave Pakistan or where considers appropriate that the return should be
furnished.1.5 Filing of return on demand [U/S 114(4) and (5)]
The CIR may by notice in writing require any person to file the income tax return who in the CIR
opinion is required to file the return within 30 days from the date of service of such notice or such
longer or shorter period as may be specified in notice or allowed by the CIR for one or more of the
last five completed tax years or assessment years.
Provided that in case of a person who has not filed return for any of the last five completed tax years,
notice may be issued in respect of one or more of the last ten completed tax years.
Provided further that the time limitation provided under this sub-section shall not apply if the
Commissioner is satisfied on the basis of reasons to be recorded in writing that a person who failed to
furnish his return has foreign income or owns foreign assets.1.6 Conditions to revise return [U/S 114(6) (6A)]
Any person after filing of return discovers any omission or wrong statement therein may revise return
subject to the following conditions:
it is accompanied by the revised accounts or revised audited accounts as the case may be;
Provided that Commissioner may waive this condition if the Commissioner is satisfied that
filing of revised accounts or audited accounts is not necessary;
the reasons for revision of return, in writing, duly signed, by the taxpayers are filed with the
return.
it is accompanied by approval of the Commissioner in writing for revision of return; and
Taxable income declared is not less than and loss declared is not more than income or loss, as
the case may be, determined by an order issued u/s 121, 122, 122A, 129, 132, 133 or 221: