Individual Paper Return for Tax Year 2020

RETURN OF TOTAL INCOME / STATEMENT OF FINAL TAXATION UNDER THE INCOME TAX ORDINANCE, 2001 (IT-1B)
(FOR INDIVIDUAL, DERIVING INCOME UNDER ANY HEAD OTHER THAN SALARY / BUSINESS)
Name* Tax Year 2020
CNIC* NTN
Address*

Amount
Exempt from Amount
Total
Tax / Subject Subject to
Amount
to Fixed / Final Normal Tax
Sr. Description Code Tax
A B C
1 Income/(loss) from property 2000
2 Gains / (Loss) from Capital Assets 4000
3 Income / (Loss) from Other Sources 5000
4 Foreign Income 6000
5 Share in untaxed Income from AOP 3131
6 Share in Taxed Income from AOP 3141
7 Total Income* 9000
Total Inadmissible Admissible
Allowances
Deductible

8 Deductible Allowances [9+10+11] 9009

9 Zakat u/s 60 9001
10 Deductible Allowance for Profit on Debt u/s 60C 9007
11 Educational expenses u/s 60D 9008
12 Taxable Income [7-8]* 9100
13 Tax Chargeable [Col.C 14-15+25] 9200
14 Normal Income Tax 920000
15 Tax Credits 9329
Computations

16 Tax Paid [Sr. 18 + 19 + 25 + Sr.1 Annex-A] 64220057

17 Advance Income Tax 9202
18 Admitted Income Tax 9203
19 Refundable Income Tax [13-17 if <0] 9210
20 Demanded Income Tax [13-17 if >0] 9204
21 Refund Adjustment of Other Year(s) against Demand of this Year [=20] 92101
22 Agriculture Income 6100
23 Agriculture Income Tax 9291

Receipts / Tax Collected/ Tax

Final / Fixed / Minimum / Average / Relevant / Reduced Income Tax Value Deducted/Paid Chargeable
24 [Sum of 29 to 57] 640001
25 Import of Mobile u/s 148 64120045
26 Dividend u/s 150 @7.5% 64030052
Final / Fixed / Average / Relevant / Reduced Rate Regime

27 Dividend u/s 150 @ 15% 64030055

28 Yield on Bahbood certificates/Pensioners benefit account 64030071
29 Profit on Debt u/s 7B 64310056
30 Income from property u/s 15(6) 64080052
31 Prize on Prize Bond u/s 156 64090051
32 Winnings from Crossword Puzzle u/s 156 64090052
33 Winnings from Raffle u/s 156 64090053
34 Winnings from Lottery u/s 156 64090054
35 Winnings from Quiz u/s 156 64090055
36 Winnings from Sale Promotion u/s 156 64090056
37 Dividend in specie u/s 236S @ 7.5% 64151802
38 Dividend in specie u/s 236S @ 15% 64151807
39 Advance tax on registering or attesting transfer of immovable property u/ 64151951
40 Capital Gains on Immovable Property u/s 37(1A) @0% 64220051
41 Capital Gains on Immovable Property u/s 37(1A) 64220052
42 Capital Gains on Securities u/s 37A @ 0% 64220151
43 Capital Gains on Securities u/s 37A @ 5% 64220153
44 Capital Gains on Securities u/s 37A @ 7.5% 64220157
45 Capital Gains on Securities u/s 37A @ 10% 64220158
46 Capital Gains on Securities u/s 37A @ 12.5% 64220155
47 Capital Gains on Securities u/s 37A @ 15% 64220156
, CNIC No. , in my capacity as Self /
Representative (as defined in section 172 of the Income Tax Ordinance, 2001) of the Taxpayer named above, do solemnly declare that
to the best of my knowledge & belief the information given in this Return / Statement u/s 115(4) is correct & complete in accordance with
Verification

the provisions of the Income Tax Ordinance, 2001 & Income Tax Rules, 2002.
Date:

Signature:
 Individual Paper Return for Tax Year 2020

RETURN OF TOTAL INCOME / STATEMENT OF FINAL TAXATION UNDER THE INCOME TAX ORDINANCE, 2001 (IT-2) 1/2

FOR INDIVIDUAL DERIVING INCOME UNDER THE HEAD BUSINESS & ANY OTHER HEAD EXCEPT SALARY
Name* Tax Year 2020
CNIC* NTN*
Address*

Amount
Exempt from
Tax / Subject Amount
Total to Fixed / Final Subject to
Sr. Description Code Amount Tax Normal Tax
1 Income/(loss) from property (2+3+4) 2000 A B C
2 Rent received or receivable 2001
3 1/10th of amount not adjustable against rent 2002
4 Forfeited deposit under a contract for sale of property 2003

5 Income from Business 3000

6 Gains / (Loss) from Capital Assets (including securities) 4000
Income / (Loss) from Other Sources [Sum of 8 to 16] - [Sum of 17
7 to 19] 5000
8 Receipts from Other Sources 5029
9 Royalty 5002
10 Profit on Debt (Interest, Yield, etc) 5003
Other Sources

11 Profit on Debt (if amount u/s 7B exceeds Rs. 36 million) 500312

12 Ground Rent 5004
13 Rent from sub lease of Land or Building 5005
14 Rent from lease of Building with Plant and Machinery 5006
15 Annuity/pension 5007
16 Other Receipts 5028
17 Deductions from Other Sources 5089
18 Accounting Depreciation 5064
19 Other Deductions 5088
20 Foreign Income 6000
21 Foreign Bussiness Income/Loss 6039
22 Foreign Property Income/Loss 6029
23 Foreign Capital Gain Income/Loss 6049
24 Foreign Other Sources Income/Loss 6059
25 Share in untaxed Income from AOP 3131
26 Share in Taxed Income from AOP 3141
27 Total Income* 9000
Total Inadmissible Admissible
28 Deductible Allowances [29+30+31+32] 9009
Allowances
Deductible

29 Zakat u/s 60 9001

30 Workers Welfare Fund u/s 60A 9002
31 Deductible Allowance for Profit on Debt u/s 60C 9007
32 Educational expenses u/s 60D 9008
33 Taxable Income [27-28]* 9100
34 Tax Chargeable 9200
Computations

35 Normal Income Tax 920000

36 Tax Credits 9329
37 Difference of Minimum Tax Chargeable u/s 148/ 153 923192
Adjustment of Minimum Tax Paid u/s 113 in earlier Year(s) [<= (35-
38 36+37)] 923198
39 Difference of Minimum Tax Chargeable on Electricity Bill u/s 235 923193
40 Difference of Minimum Tax Chargeable u/s 113 923194
41 Turnover / Tax Chargeable u/s 113 @0.25% 923152
42 Turnover / Tax Chargeable u/s 113 @0.3% 923163
43 Turnover / Tax Chargeable u/s 113 @0.75% 923155
44 Turnover / Tax Chargeable u/s 113 @1.5% 923160
ations
 Computations
Turnover / Minimum Tax Chargeable u/s 113 in case traders having
turnover upto Rs. 100 million @0.5% 923206
45 Tax Paid [ as per 46 + 47 + 53 + Annex'A' ]
46 Advance Income Tax 9202
47 Admitted Income Tax 9203
48 Refundable Income Tax [34-45 if <0] 9210
49 Demanded Income Tax [34-45 if >0] 9204
Refund Adjustment of Other Year(s) against Demand of this Year [=
50 49] 92101
51 WWF 920900
52 Agriculture Income 6100
53 Agriculture Income Tax 9291
, CNIC No. , in my capacity
Verification

as Self / Representative (as defined in section 172 of the Income Tax Ordinance, 2001) of the Taxpayer named above, do solemnly
declare that to the best of my knowledge & belief the information given in this Return / Statement u/s 115(4) are correct & complete in
accordance with the provisions of the Income Tax Ordinance, 2001 & Income Tax Rules, 2002.

Signature: Date:
RETURN OF TOTAL INCOME / STATEMENT OF FINAL TAXATION UNDER THE INCOME TAX ORDINANCE, 2001 (IT-2) 2/2
FOR INDIVIDUAL DERIVING INCOME UNDER THE HEAD BUSINESS & ANY OTHER HEAD EXCEPT SALARY
Name* Tax Year 2020
CNIC* NTN

Receipts /
Sr. Description Code Value / Tax
Number Collected/ Tax
Deducted/Paid Chargeable
A B C

Final / Fixed / Minimum / Average / Relevant / Reduced Income

54 Tax [Sum of 52 to 145] 640001

55 Attributable income from controlled foreign company u/s 109A @15% 64030055
56 Import u/s 148 @1% 64010052
57 Import u/s 148 @2% 64010054
58 Import u/s 148 @3% 64010056
59 Import u/s 148 @4% 64010058
60 Import u/s 148 @4.5% 64010059
61 Import u/s 148 @5.5% 64010061
62 Import u/s 148 @6% 64010062
63 Import u/s 148 @ 1.75% 64010081
64 Import u/s 148 @ 2.75% 64010082
65 Import u/s 148 @ 4.125% 64010083
66 Import of Edible Oil u/s 148 @5.5% 64010161
67 Import of Packing Material u/s 148 @5.5% 64010181
68 Import of Mobile u/s 148 64120045
69 Dividend u/s 150 @7.5% 64030052
70 Dividend u/s 150 @ 15% 64030055
Yield on Behbood Certificates / Pensioner''s Benefit
71 Account/Shuhada Family Welfare Account 64030071
72 Return on investment in sukuks u/s 5AA 64030098
Final / Fixed / Average / Relevant / Reduced Rate Regime

73 Dividend to a Non-Resident covered under ADDT u/s 150 / u/s 5 64030099

Royalty / Fee for Technical Services to a Non-Resident u/s 152(1) /
74 Division IV, Part I, 1st Schedule 64050051
Payment for Contracts for Construction, Assembly or Installation to a
75 Non-Resident u/s 152(1A)(a) / Division II, Part III, 1st Schedule 64050052
Payment for Services, Contracts to a Non-Resident u/s 152(1A)(b) /
76 Division II, Part III, 1st Schedule 64050053
Fee for Advertisement Services to a Non-Resident u/s 152(1A)(c) /
77 Division II, Part III, 1st Schedule 64050054
Insurance / Reinsurance Premium to a Non-Resident u/s 152(1AA) /
78 Division II, Part III, 1st Schedule 64050055
Fee for Advertisement Services to a Non-Resident u/s 152(1AAA) /
79 Division II, Part III, 1st Schedule 64050056
80 Profit on Debt u/s 152(2) / u/c (5A), Part II, 2nd Schedule 64050096
Royalty / Fee for Technical Services to a Non-Resident covered under
81 ADDT 64050097
Payment for Goods, Services, Contracts, Rent, etc. to a Non-Resident
82 covered under ADDT 64050098
Payment for foreign produced commercials to a non-
83 resident u/s 152A 64050100
Payment for transport services to a PE of a non-resident u/s 152(2A)
84 (b) @ 2% 64050094

Payment for other services to a PE of a non-resident u/s 152(2A)(b)

85 @ 10% 64050095
86 Fee for offshore digital servies to a non-resident u/s 152(1C) 64050057
87 Payment for Goods u/s 153(1)(a) @1% 64060052
88 Payment for Goods u/s 153(1)(a) @1.5% 64060053
89 Payment for Goods u/s 153(1)(a) @ 2.5% 64060055
90 Payment for Goods u/s 153(1)(a) @4.5% 64060059
91 Payment for Services u/s 153(1)(b) @ 1% 64060152
92 Payment for services u/s 153(1)(b) @ 1.5% 64060153
 93 Payment for Services u/s 153(1)(b) @ 2% 64060154
94 Payment for Services u/s 153(1)(b) @ 10% 64060170
95 Receipts from Contracts u/s 153(1)(c) @7.5% 64060265
96 Receipts from Contracts u/s 153(1)(c) @10% 64060270
97 Fee for Export related Services u/s 153(2) @1% 64060352
98 Deduction of Tax from Yarn Traders u/s 153(1)(a) 6406081
99 Deduction of Tax from Yarn Traders u/s 153(1)(b) 6406082
100 Export Proceeds u/s 154 @1% 64070054
101 Foreign Indenting Commission u/s 154(2) @5% 64070151
102 Sale proceeds of goods to exporter u/s 154(3) 64070152
Sale proceeds of goods by industrial undertaking u/s
103 154(3A) 64070153
104 Contract payments to indirect exporter u/s 154(3B) 64070154
105 Export Proceeds u/s 154(3C) 64070155
106 Income from Property u/s 15(6) 64080052
107 Prize on Prize Bond u/s 156 64090051
108 Winnings from Crossword Puzzle u/s 156 64090052
109 Winnings from Raffle u/s 156 64090053
110 Winnings from Lottery u/s 156 64090054
111 Winnings from Quiz u/s 156 64090055
112 Winnings from Sale Promotion u/s 156 64090056
113 Commission / Discount on petroleum products u/s 156A @ 12% 64090151
114 Brokerage / Commission u/s 233 @5% 64120060
115 Brokerage / Commission u/s 233 @8% 64120066
Final / Fixed / Average / Relevant / Reduced Rate Regime

116 Brokerage / Commission u/s 233 @10% 64120070

117 Brokerage / Commission u/s 233 @12% 64120074
118 CNG Station Gas Bill u/s 234A 64130151
119 Electricity Bill of Commercial Consumer u/s 235 64140051
120 Electricity Bill of Industrial Consumer u/s 235 64140052
121 Lease of rights to collect tolls u/s 236A(3) 64150102
122 Sale of certain petroleum products u/s 236HA @ 0.5% 64151653
123 Payment for rent / right to use machinery / equipment u/s 236Q 64151651
124 Rent of machinery & equipment u/s 236Q(2) 64151652
125 Dividend in specie u/s 236S @ 7.5% 64151802
126 Dividend in specie u/s 236S @ 15% 64151807
127 Capital Gains on Immovable Property u/s 37(1A) @0% 64220051
128 Capital Gains on Immovable Property u/s 37(1A) 64220052
129 Capital Gains on Securities u/s 37A @ 0% 64220151
130 Capital Gains on Securities u/s 37A @ 5% 64220153
131 Capital Gains on Securities u/s 37A @ 7.5% 64220157
132 Capital Gains on Securities u/s 37A @ 10% 64220158
133 Capital Gains on Securities u/s 37A @ 12.5% 64220155
134 Capital Gains on Securities u/s 37A @15% 64220156
Purchase of Locally Produced Edible Oil/Vegitable Ghee u/s 148A
135 @2% 64310053
136 Receipts from shipping business of a resident person u/s 7A 64310055
137 Profit on Debt u/s 7B 64310056
Fee for transport services outside Pakistan under clause(3),Part-II,
138 Second Schedule @ 1% 64310061
Fee for advertising services by electronic and print media outside
139 Pakistan under clause (3), Part-II, Second Schedule @ 0.75% 64310062
Fee for other services outside Pakistan under clause (3), Part-II,
140 Second Schedule @ 5% 64310063
Receipts for Contracts outside Pakistan u/c (3), Part II, 2nd Schedule
141 @3.75% 64310071
Fee for Carriage Services by Oil Tanker/Goods Transport Contractor
142 u/c (43D) and (43E), Part IV, 2nd Schedule 64320051
Signature: Date:
 Annex-A
Adjustable Tax Collected / Deducted
Name* Tax Year 2020
CNIC* NTN
Receipts / Tax Collected /
Sr. Description Code Value Deducted / Paid
A B
1 Adjustable Tax [Sum of 2 to 61] 640000
2 Import u/s 148 @1% 64010002
3 Import u/s 148 @2% 64010004
4 Import u/s 148 @3% 64010006
5 Import u/s 148 @ 4% 64010008
6 Import u/s 148 @4.5% 64010009
7 Import u/s 148 @5.5% 64010011
8 Import u/s 148 @6% 64010012
9 Directorship Fee u/s 149(3) @20% 64020005
10 Tax with held u/s 151 (if amount u/s 7B exceeds 36 million) 64040005
11 Payment for Goods, Services, Contracts, Rent, etc. to a Non-Resident u/s 152(2) 64050007
12 Profit on Debt to a Non-Resident u/s 152(2) 64050008
13 Payment for Goods to a PE of a Non-Resident u/s 152(2A)(a) / Division II, Part III, 1st Schedule 64050009

14 Payment for Contracts to a PE of a Non-Resident u/s 152(2A)(c) / Division II, Part III, 1st Schedule 64050012
15 Payment for Goods u/s 153(1)(a) @1% 64060002
16 Payment for Goods u/s 153(1)(a) @1.5% 64060003
17 Payment for Goods u/s 153(1)(a) @2.5% 64060005
18 Payment for Goods u/s 153(1)(a) @4.5% 64060009
19 Payment of Royalty to resident person u/s 153B @ 15% 64060232
20 Withdrawal from Pension Fund u/s 156B 64090201
21 Cash Withdrawal from Bank u/s 231A 64100101
22 Certain Banking Transactions u/s 231AA 64100201
23 Motor Vehicle Registration Fee u/s 231B(1) 64100301
24 Motor Vehicle Transfer Fee u/s 231B(2) 64100302
25 Motor Vehicle Sale u/s 231B(3) 64100303
26 Motor Vehicle Leasing u/s 231B(1A) @4% 64100304
27 Margin Financing, Margin Trading or Securities Lending u/s 233AA 64120201
28 Goods Transport Public Vehicle Tax u/s 234 64130001
29 Passenger Transport Public Vehicle Tax u/s 234 64130002
30 Private Vehicle Tax u/s 234 64130003
 31 Electricity Bill of Domestic Consumer u/s 235A 64140101
32 Telephone Bill u/s 236(1)(a) 64150001
33 Cellphone Bill u/s 236(1)(a) 64150002
34 Prepaid Telephone Card u/s 236(1)(b) 64150003
35 Phone Unit u/s 236(1)(c) 64150004
36 Internet Bill u/s 236(1)(d) 64150005
37 Prepaid Internet Card u/s 236(1)(e) 64150006
38 Purchase by Auction u/s 236A 64150101
39 Domestic Air Ticket Charges u/s 236B 64150201
40 Sale / Transfer of Immovable Property u/s 236C 64150301
41 Functions / Gatherings Charges u/s 236D 64150401
42 Issuance of License to Cable Opeartors u/s 236F 64150601
43 Renewal of License to Cable Opeartors u/s 236F 64150602
Issuance of License to IPTV, FM Radio, MMDS, Mobile TV, Mobile Audio, Satellite TV Channel and
44 Landing Rights u/s 236F 64150603
Renewal of License to IPTV, FM Radio, MMDS, Mobile TV, Mobile Audio, Satellite TV Channel and
45 Landing Rights u/s 236F 64150604
46 Screening of Foreign TV drama serial or play (other than in english) u/s 236F 64150605
47 Purchase of other commodities by Distributors / Dealers / Wholesalers u/s 236G 64150701
48 Purchase of Fertilizer by Distributors / Dealers / Wholesalers u/s 236G 64150702
49 Purchase by Retailers u/s 236H 64150801
50 Purchase by others from Retailers u/s 236H 64150804
51 Educational Institution Fee u/s 236I 64150901
52 Issuance / Renewal of License to Dealers / Commission Agents / Arhatis u/s 236J 64151001
53 Purchase / Transfer of Immovable Property u/s 236K 64151101
54 Purchase of International Air Ticket u/s 236L 64151201
55 Banking transactions otherwise than through cash u/s 236P 64151501
56 Education related expenses remitted abroad u/s 236R 64151701
57 Advance tax on general insurance premium u/s 236U 64151902
58 Advance tax on life insurance premium u/s 236U 64151903
59 Advance tax on extraction of minerals u/s 236V 64152101
60 Advance tax on tobacco u/s 236X 64151904
61 Advance tax on reimittance through credit, debit, prepaid cards u/s 236Y 64151905
Signature: Date:
 Annex-B 1/2
Manufacturing / Trading / Profit & Loss Account ( including Revenues subject to Final / Fixed Tax)
(Separate form should be filled for each business)
Name* Tax Year 2020
CNIC*
Busines NTN
s Name*
Amount Amount
Total
Subject to Subject to
Amount
Sr. Description Code Final Tax Normal Tax
A B C

Net Revenue (excluding Sales Tax, Federal Excise,

Revenue

1 Brokerage, Commission, Discount, Freight Outward) [2-3] 3029

2 Gross Revenue (excluding Sales Tax, Federal Excise) 3009
Selling Expenses (Freight Outward, Brokerage, Commission,
3 Discount, etc.) 3019
4 Cost of Sales / Services [(sum of 5 to 15)-16] 3030
5 Opening Stock 3039
6 Net Purchases (excluding Sales Tax, Federal Excise) 3059
Cost of Sales / Services

7 Salaries / Wages 3071

8 Fuel 3072
9 Power 3073
10 Gas 3074
11 Stores / Spares 3076
12 Repair / Maintenance 3077
13 Other Direct Expenses 3083
14 Accounting Amortization 3087
15 Accounting Depreciation 3088
16 Closing Stock 3099
17 Gross Profit / (Loss) [1-4] 3100
18 Other Revenues [Sum of 19 to 22] 3129
19 Accounting Gain on Sale of Intangibles 3115
20 Accounting Gain on Sale of Assets 3116
21 Others 3128
 22 Share in untaxed Income from AOP 3131
23 Share in Taxed Income from AOP 3141
Management, Administrative, Selling & Financial Expenses
24 [Sum of 25 to 44] 3199
25 Rent 3151
26 Rates / Taxes / Cess 3152
27 Salaries / Wages / Perquisites / Benefits 3154
28 Traveling / Conveyance / Vehicles Running / Maintenance 3155
29 Electricity / Water / Gas 3158
30 Communication 3162
31 Repair / Maintenance 3165
Indirect Expenses

32 Stationery / Printing / Photocopies / Office Supplies 3166

33 Advertisement / Publicity / Promotion 3168
34 Insurance 3170
35 Professional Charges 3171
36 Profit on Debt (Financial Charges / Markup / Interest) 3172
37 Brokerage / Commission 3178
38 Irrecoverable Debts written off 3186

39 Obsolete Stocks / Stores / Spares / Fixed Assets written off 3187

40 Other Indirect Expenses 3180
41 Accounting (Loss) on Sale of Intangibles 3195
42 Accounting (Loss) on Sale of Assets 3196
43 Accounting Amortization 3197
44 Accounting Depreciation 3198
45 Accounting Profit / (Loss) [17+18-24] 3200
Signature: Date:
Annex-B 2/2
Manufacturing / Trading / Profit & Loss Account ( including Revenues subject to Final / Fixed Tax)
(Separate form should be filled for each business)
Name* Tax Year 2020
CNIC* NTN*
 Amount
Amount
Total Subject to
Subject to
Amount Normal
Final Taxation
Sr. Description Code Taxation
A B C
Income / (Loss) from Business before adjustment of Admissible
Depreciation / Initial Allowance / Amortization for current /
46 previous years 3270
47 Unadjusted (Loss) from Business for 2014 327014
48 Unadjusted (Loss) from Business for 2015 327015
49 Unadjusted (Loss) from Business for 2016 327016
50 Unadjusted (Loss) from Business for 2017 327017
51 Unadjusted (Loss) from Business for 2018 327018
52 Unadjusted (Loss) from Business for 2019 327019
Statement of Affairs / Balance Sheet
53 Total Assets [Sum of 54 to 59] 3349
54 Land 3301
55 Building (all types) 3302
Assets

56 Plant / Machinery / Equipment / Furniture (including fittings) 3303

Advances / Deposits / Prepayments/ Trade Debtors /
57 Receivables 3312
58 Stocks / Stores / Spares 3315
59 Cash / Cash Equivalents 3319
60 Total Equity / Liabilities [Sum of 61 to 63] 3399
Liabilities

61 Capital 3352
62 Borrowings / Debt / Loan 3371
Advances / Deposits / Accrued Expenses/ Trade Creditors /
63 Payables 3384
Signature: Date:
 Annex-C
Inadmissible / Admissible Deductions
Name* Tax Year 2020
CNIC* NTN
Sr. Description Code Amount
1 Inadmissible Deductions [Sum of 2 to 29] 3239
2 Add Backs u/s 29(2) Provision for Doubtful Debts 3201
3 Add Backs Provision for Obsolete Stocks / Stores / Spares / Fixed Assets 3202
4 Add Backs Provision for Diminution in Value of Investment 3203
5 Add Backs u/s 21(a) Cess / Rate / Tax levied on Profits / Gains 3205
6 Add Backs u/s 21(b) Amount of Tax Deducted at Source 3206
7 Add Backs u/s 21(c) Payments liable to deduction of tax at source but tax not deducted / paid 3207
8 Add Backs u/s 21(d) Entertainment Expenditure above prescribed limit 3208
9 Add Backs u/s 21(e) Contributions to Unrecognized / Unapproved Funds 3209
Add Backs u/s 21(f) Contributions to Funds not under effective arrangement for deduction of tax at
10 source 3210
11 Add Backs u/s 21(g) Fine / penalty for violation of any law / rule / regulation 3211
12 Add Backs u/s 21(h) Personal Expenditure 3212
Add Backs u/s 21(i) Provision for Reserves / Funds / Amount carried to Reserves / Funds or
Inadmissible Deductions

13 Capitalized 3204
Add Backs u/s 21(j) Profit on Debt / Brokerage / Commission / Salary / Remuneration paid by an AOP
14 to its member 3213
Add Backs u/s 21(l) Expenditure under a single account head exceeding prescribed amount not paid
15 through prescribed mode 3215
16 Add Backs u/s 21(m) Salary exceeding prescribed amount not paid through prescribed mode 3216
17 Add Backs u/s 21(n) Capital Expenditure 3217
18 Add Backs u/s 67(1) Expenditure attributable to Non-Business Income 3218
19 Add Backs u/s 34(5) Liabilities allowed Previously as deduction not Paid within three Years 3219
20 Add Backs u/s 28(1)(b) Lease Rental not admissible 3220
Add Backs u/s 21(o) Sales promotion, advertisement and publicity expenses of pharmaceutical
21 manufacturers exceeding prescribed limit 3224
 22 Add Backs Tax Gain on Sale of Intangibles 3225
23 Add Backs Tax Gain on Sale of Assets 3226
Add Backs u/s 21(ca) commission in excess of 0.2% of grass amount of supplies to a person not
24 appearing in ATL in third schedule to Sales Tax Act, 1990. 3227
25 Add Backs Pre-Commencement Expenditure / Deferred Cost 3230
26 Add Backs Accounting (Loss) on Sale of Intangibles 3235
27 Add Backs Accounting (Loss) on Sale of Assets 3236
28 Add Backs Accounting Amortization 3237
29 Add Backs Accounting Depreciation 3238
30 Other Inadmissible Deductions 3234
31 Admissible Deductions [Sum of 31 to 40] 3259
32 Accounting Gain on Sale of Intangibles 3245
Admissible Deductions

33 Accounting Gain on Sale of Assets 3246

34 Tax Amortization for Current Year 3247
35 Tax Depreciation / Initial Allowance for Current Year 3248
36 Pre-Commencement Expenditure / Deferred Cost 3250
37 Other Admissible Deductions 3254
38 Tax (Loss) on Sale of Intangibles 3255
39 Tax (Loss) on Sale of Assets 3256
40 Unabsorbed Tax Amortization for Previous Years 3257
41 Unabsorbed Tax Depreciation for Previous Years 3258
Signature: Date:
 Annex-D
Depreciation, Initial Allowance, Amortization
Name* Tax Year 2020
CNIC* NTN

Addition
(Used
Previously in Extent Addition Extent Initial
Sr. Description Code WDV (BF) Deletion Pakistan) of Use (New) of Use Rate Allowance Rate Depreciation WDV (CF)
A B C D E F G H I
1 Building (all types) 3302 100% 100% 15% 10%
2 Ramp for Disabled Persons 330204 100% 100% 100% 100%

3 Plant / Machinery (not otherwise specified) 330301 100% 100% 25% 15%
Computer Hardware / Allied Items /
Equipment used in manufacture of IT
4 products 330302 100% 100% 25% 30%
5 Furniture (including fittings) 330303 100% 100% 0% 15%
6 Technical / Professional Books 330304 100% 100% 25% 15%
Depreciation

Below ground installations of mineral oil

7 concerns 330305 100% 100% 25% 100%

8 Offshore Installations of mineral oil concerns 330306 100% 100% 25% 20%
9 Office Equipment 330307 100% 100% 25% 15%
Machinery / Equipment eligible for 1st year
10 Allowance 330308 100% 100% 90% 15%
11 Motor Vehicle (not plying for hire) 33041 100% 100% 0% 15%
12 Motor Vehicle (plying for hire) 33042 100% 100% 25% 15%
13 Ships 33043 100% 100% 25% 15%
14 Aircrafts / Aero Engines 33044 100% 100% 25% 30%
Tax Depreciation / Initial Allowance for
15 Current Year 3248 100% 100%
Remaining Extent of
Description Code WDV (BF) Useful Life Use Amortization
A B C D
Amortization

16 Intangible 3305
17 Intangible 3305
18 Intangible 3305
Expenditure providing Long Term
19 Advantage / Benefit 330516
20 Tax Amortization for Current Year 3247
21 Pre-Commencement Expenditure 3306
Signature: Date:
 Annex-E
Name* Tax Year 2020
CNIC* NTN
Tax on
Tax Attributable Attributable Minimum
Receipts / Collectible / Taxable Taxable Tax
Sr. Description Code Value Deductible Income Income Chargeable
1 Minimum Tax Chargeable [Col.E Sum of 2 to 6] A B C D E
2 mport u/s 148 @1% 64010052
3 Import u/s 148 @2% 64010054
4 Import u/s 148 @3% 64010056
5 Import u/s 148 @4% 64010058
6 Import u/s 148 @6% 64010062
7 Import of Edible Oil u/s 148 @5.5% 64010161
8 Import of Packing Material u/s 148 @5.5% 64010181
9 Import of Plastic Raw Material u/s 148 @ 1.75% 64010081
10 Import u/s 148 @ 4.125% 64010083
11 Import u/s 148 @ 2.75% 64010082

12 Import of ships by ship breakers u/s 148(8A) @ 4.5% 64010059

Payment for contracts for consruction, assembly of
13 instalation to a non-resident u/s 152(1A) 64050052
Payment for transport services to a PE of a non-resident
Minimum Tax Chargeable

14 u/s 152(2A)(b) 64050094

Payment for services contracts to a non-resident u/s
15 152(1A)(b) 64050053
Fee for Advertisement Services to a non-resident u/s
16 152(1A)© 64050054
Insurance/re-instruance premium to a non-resident u/s
17 152(1AA) 64050055
Payment for other services for PE of a non-resident u/s
18 152(2A)(b) 64050095
19 Payment for Services u/s 153(1)(b) @1% 64060152
20 Payment for goods u/s 153(1a) @ 0.25% 64060082
21 Payment for goods u/s 153(1a) @ 2.5% 64060055
22 Payment for goods u/s 153(1a) @ 4.5% 64060059
23 Payment for Services u/s 153(1)(b) @ 1.5% 64060153

24 Payment for specified for Services u/s 153(1)(b) @ 3% 64060156

25 Payment for Services u/s 153(1)(b) @2% 64060154
26 Payment for Services u/s 153(1)(b) @10% 64060170
27 Payment for Services u/s 153(1)(b) @15% 64060180
28 Receipts from Contracts u/s 153(1)(c) @7.5% 64060265
29 Receipts from Contracts u/s 153(1)(c) @10% 64060270
30 Payment for Goods u/s 153(1)(a) @1% 64060052
31 Payment for Goods u/s 153(1)(a) @1.5% 64060053
 32 Payment for Goods u/s 153(1)(a) @4.5% 64060059
33 Fee for Export related Services u/s 153(2) @1% 64060352
34 Deduction of Tax from yarn u/s 153(1)(a) 64060281
35 Deduction of Tax from yarn u/s 153(1)(b) 64060282
36 Brokerage / Commission u/s 233 @8% 64120066
37 Brokerage / Commission u/s 233 @10% 64120070
38 Brokerage / Commission u/s 233 @12% 64120074
39 Brokerage / Commission u/s 233 @5% 64120060
Number of imported mobile phones u/s 148 upto 30$ @
40 Rs.70 64120045
Number of imported mobile phones u/s 148 exceeding
41 30$ upto 100$ @ Rs.100 64120046
Number of imported mobile phones u/s 148 exceeding
42 100$ upto 200$ @ Rs.930 64120047
Number of imported mobile phones u/s 148 exceeding
43 200$ upto 350$ @ Rs.970 64120048
Number of imported mobile phones u/s 148 exceeding
44 350$ upto 500$ @ Rs.3000 64120049
Number of imported mobile phones u/s 148 exceeding
45 500$ @ Rs.50200 64120050
46 CNG Station Gas Bill u/s 234A 64130151
Fee for Goods Transport Contractor u/c (43E), Part IV
47 Second Schedule 64320053
Fee for Carriage Services by Oil Tanker u/c (43D), Part
48 IV Second Scheule 64320051
Tax on
Attributable Attributable Difference
Receipts / Final Tax Taxable Taxable (Option Valid
Sr. Description Code Value Chargeable Income Income if <=0)
A B C D E
49 Export Proceeds u/s 154(1) @1% 64070054
50 Foreign Indenting Commission u/s 154(2) 64070151
51 Sale Proceeds of goods to exporter u/s 154(3) 64070152
Sale Proceeds of of goods by industrial undertaking u/s
52 154(3A) 64070153
53 Contract Payments to indirect exporter u/s 154(3B) 64070154
54 Export Proceeds u/s 154(3C) 64070155
Commission / Discount on petroleum products u/s 156A
55 @12% 64090151
Signature: Date:
 Annex-F

Personal Expenses

Name* Tax Year 2020

CNIC* NTN

Sr. Description Code Amount

1 Personal Expenses [Sum of 2 to 16 minus 17] 7089

2 Rent 7051

3 Rates / Taxes / Charge / Cess 7052

4 Vehicle Running / Maintenence 7055

5 Travelling 7056

6 Electricity 7058

7 Water 7059

8 Gas 7060

9 Telephone 7061
Personal Expenses

10 Asset Insurance / Security 7066

11 Medical 7070

12 Educational 7071

13 Club 7072

14 Functions / Gatherings 7073

15 Donation, Zakat, Annuity, Profit on Debt, Life Insurance Premium, etc. 7076

16 Other Personal / Household Expenses 7087

17 Contribution in Expenses by Family Members [Sum of 18 to 21] 7088

CNIC No. Name*

18

19

20

21
Signature: Date:
 WEALTH STATEMENT UNDER SECTION 116 OF THE INCOME TAX ORDINANCE, 2001 1/4

Name* Tax Year 2020

CNIC*
e NTN
Address*
Business
Address*
1 Agricultural Property [Sum of 1 i to 1 x] 7001

Form
(Irrigated / Unirrigated / Mauza / Village / Area
Uncultivable) Chak No. Tehsil District (Acre) Share % Code Value at Cost

i 7001
Agricultural Property

ii 7001

iii 7001

iv 7001

v 7001

vi 7001

vii 7001

viii 7001

ix 7001
x 7001
2 Commercial, Industrial, Residential Property (Non-Business) [Sum of 2 i to 2 x] 7002
Form Unit No. /
(House, Flat, Shop, Complex /
mercial, Industrial Property

Plaza, Factory, Street / Block / Area / Locality Area

Workshop, etc.) Sector / Road City (Marla / sq. yd.) Share % Code Value at Cost

i 7002

ii 7002
 Residential, Commercial, Industrial Pro
iii 7002

iv 7002

v 7002

vi 7002

vii 7002

viii 7002

ix 7002

x 7002
3 Business Capital 7003
Enter name, share percentage & capital amount in each AOP Share % Code Value at Cost
Business Capital

i 7003

ii 7003

iii 7003

i Enter consolidated capital amount of all Sole Proprietorships 100% 7003

4 Equipment, etc. (Non-Business) [Sum of 4 i to 4 iv] 7004

Description Code Value at Cost

Equipment

i 7004

ii 7004

iii 7004

iv 7004

Signatures: Date:

WEALTH STATEMENT UNDER SECTION 116 OF THE INCOME TAX ORDINANCE, 2001 2/4
 Name* Tax Year 2020

CNIC* NTN

5 Animal (Non-Business) [Sum of 5 i to 5 iv] 7005

Description Code Value at Cost

Animal

i Livestock 7005

ii Pet 7005

iii Unspecified 7005

iv Unspecified 7005

6 Investment (Non-Business) [Sum of 6 i to 6 xiii] 7006

Account /
Form Instrument No. Institution Name / Individual CNIC Share % Code Value at Cost

i Account 7006

Current 7006

Current 7006

Fixed Deposit 7006

Fixed Deposit 7006
Profit / Loss Sharing 7006
Profit / Loss Sharing 7006
Saving 7006
Saving 7006
ii Annuity 7006
iii Bond 7006
iv Certificate 7006
v Debenture 7006
vi Deposit 7006
Investment

Term Deposit 7006

Term Deposit 7006
Investment vii Fund 7006
viii Instrument 7006
ix Insurance Policy 7006
x Security 7006
xi Stock / Share 7006
xii Unit 7006
xiii Others 7006

7 Debt (Non-Business) [Sum of 7 i to 7 vii] 7007

Institution Name / Individual
Form No. CNIC Share % Code Value at Cost

i Advance 7007

ii Debt 7007

iii Deposit 7007

iv Prepayment 7007

v Receivable 7007

vi Security 7007

vii Others 7007

8 Motor Vehicle (Non-Business) [Sum of 8 i to 8 viii] 7008
Form
(Car,Jeep,Motor
Cycle,Scooter,Van) E&TD Registration No. Maker Capacity Code Value at Cost

i 7008
Motor Vehicle

ii 7008

iii 7008

iv 7008

v 7008

vi 7008
 Mo
vii 7008

viii 7008

Signatures: Date:

WEALTH STATEMENT UNDER SECTION 116 OF THE INCOME TAX ORDINANCE, 2001 3/4

Name* Tax Year 2020

CNIC* NTN
Precious Posession

9 Precious Possession [Sum of 9 i to 9 iii] 7009

Description Code Value at Cost

i Antique / Artifact 7009

ii Jewelry / Ornament / Metal / Stone 7009

iii Others (Specify) 7009

10 Household Effect [Sum of 10 i to 10 iv] 7010

Household Effect

Description Code Value at Cost

i Unspecified 7010

ii Unspecified 7010

iii Unspecified 7010

iv Unspecified 7010

11 Personal Item [Sum of 11 i to 11 iv] * 7011

Description Code Value at Cost

Personal Item

i Unspecified 7011

ii Unspecified 7011
Personal Ite
iii Unspecified 7011

iv Unspecified 7011
Cash

12 Cash (Non-business) [Sum of 12 i to 12 x] 7012

Notes & Coins 7012

13 Any Other Asset [Sum of 13 i to 13 iv] 7013

Any Other Asset

Description Code Value at Cost

i 7013

ii 7013

iii 7013

iv 7013
Assets in Others' Name

14 Assets in Others' Name [Sum of 14 i to 14 iv] 7014 0

Description Code Value at Cost

i 7014

ii 7014

iii 7014

iv 7014

15 Total Assets inside Pakistan [Sum of 1 to 14] 7015

Assets outside Pakistan

16 *Assets held outside Pakistan [Sum of 16 (i) to 16 (iv)] 7016

Description Code Value at Cost

i 7016

ii 7016
 Assets outside Pa
iii 7016

iv 7016

17 Total Assets [15+16] 7019

* Serial # 16 has been separated from Any Other Assets at Serial # 13 for clarity.

Signatures: Date:

WEALTH STATEMENT UNDER SECTION 116 OF THE INCOME TAX ORDINANCE, 2001 4/4

Name* Tax Year 2020

CNIC* NTN

18 Credit (Non-Business) [Sum of 18 (i) to 18 (viii)] 7021

Form Creditor's NTN / CNIC Creditor's Name Code Value at Cost

i Advance 7021

ii Borrowing 7021

iii Credit 7021

Loan

iv Loan 7021

v Mortgage 7021

vi Overdraft 7021

vii Payable 7021

viii Others 7021

19 Total Liabilities 7029

20 Net Assets Current Year [17-19] 703001

21 Net Assets Previous Year 703002

 22 Increase / Decrease in Assets [20-21] 703003

23 Inflows [Sum of 23 (i) to 23(x)] 7049

i Income declared as per Return for the year subject to normal tax 7031

ii Income declared as per Return for the year exempt from tax 7032
Reconciliation of Net Assets

iii Income Attributable to Receipts, etc. Declared as per Return for the year subject to Final / Fixed Tax 7033

iv Adjustments in Income Declared as per Return for the year 7034

vi Foreign Remittance 7035

vii Inheritance 7036

viii Gift 7037

ix Gain on Disposal of Assets, excluding Capital Gain on Immovable Property 7038

x Others 7048

24 Personal Expenses [Transfer from Sr.1 Annex-F] 7089

25 Outflows [Sum of 25 (i) to 25 (iii)] 7099

i Gift 7091
ii Loss on Disposal of Assets 7092
iii Others 7098
26 Unreconciled Amount [23-24-25] 703000 0
Disposed Assets

27 Assets Transferred / Sold / Gifted / Donated during the year [Sum of 27 (i) to 27 (ii)] 703004 0

Description Code Value at Cost

i 703004

ii 703004

I, , CNIC No. , in my capacity

Verification
 Verification
as Self / Representative (as defined in section 172 of the Income Tax Ordinance, 2001) of Taxpayer named above, do hereby solemnly
declare that to the best of my knowledge & belief the information given in this statement of the assets & liabilities of myself, my
spouse(s), minor children & other dependents as on 30.06.2020 & of my personal expenditure for the year ended 30.06.2020 are correct
& complete in accordance with the provisions of the Income Tax Ordinance, 2001, Income Tax Rules, 2002.

Signatures: Date: