Professional Documents
Culture Documents
Registration (*)
Phone Code
FINAL TAXATION
N NTN
Gender Year Ending Tax Year Person Res. Status Birth Date Filing Section
IVIDUAL / AOP)
Control Centre
Male
Female
30.06.2012 IND
Non-Res.
2012
AOP
Resident
1 2
Enter 1 for IND or 2 for AOP Enter 1 for Resident or 2 for Non-Reside
RTO/LTU
Is authorized Rep. applicable?
Yes/No
for Female
or 2 for Non-Resident
IT-2 (Page 1 of 2)
N NTN
Gender Year Ending Tax Year Person Male
Mr. Javaid
35248-125486-3 Descon Chemicals Wahdat Road Wahdat Road
0 Female 30.06.2012
Registration
Business Address Res. Address E-Mail Address Principal Activity Employer Representative Authorized Rep.
NTN NTN NTN
2012
IND
Non-Res.
desconchemical@gmail.com 0
0 0 0
Name Name Name
Phone Code
0
0
0 0
0
AOP
Resident
0 0 0
RTO/LTU
Is authorized Rep. applicable?
NTN Ownership
Proprietor/Member/Partners' Name
% in Capital
Adjustments
Net Sales (excluding Sales Tax/ Federal Excise Duty & Net of Commission/ Brokerage) Cost of Sales [3 + 4 + 5 - 6] Opening Stock Net Purchases (excluding Sales Tax/ Federal Excise Duty & Net of Commission/ Brokerage) Other Manufacturing/ Trading Expenses Closing Stock Gross Profit/ (Loss) [1-2] Transport Services U/S 153(1)(b) (Transferred from 40(c)) Other Services U/S 153(1)(b) (Transferred from 40(d)) Other Revenues/ Fee/ Charges for Professional and Other Services/ Commission Profit & Loss Expenses Net Profit/ (Loss) [(7 + 8 + 9 + 10) - 11] Inadmissible Deductions Admissible Deductions Unadjusted Loss from business for previous year(s)
Transfer from Sr-24 of Annex-G] [Transfer from Sr-22 of Annex-E] [Transfer from Sr-5 of Annex-E] [Transfer from Sr. 27 of Annex-A] [Transfer from Sr. 27 of Annex-A]
16 Un-absorbed Tax Depreciation for previous/ current year(s) 17 Total Income [Sum of 18 to 23] 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Salary Income Business Income/ (Loss) [ (12 + 13) - 14 - 15 - 16 ] Share from AOP [Income/(Loss)] Capital Gains/(Loss) u/s 37 Other Sources Income/ (Loss) Foreign Income/ (Loss) Deductible Allowances [25 + 26 + 27 + 28] Zakat Workers Welfare Fund (WWF) Workers Profit Participation Fund (WPPF) Charitable donations admissible as straight deduction Taxable Income/ (Loss) [17 - 24] Exempt Income/ (Loss) [Sum of 31 to 37] Salary Income Property Income Business Income/ (Loss) Capital Gains/(Loss) Agriculture Income Foreign Remittances (Attach Evidence) Other Sources Income/ (Loss) Tax chargeable on Taxable Income Tax Reductions/Credits/Averaging (including rebate on Bahbood Certificates, etc.) Difference of minimum Tax Chargeable on business transactions [40(e)(v) minus 40(e)(iii)] (i) (ii) (iii)
Import Value/Services receipts subject to collection or deduction of tax at source
20.00%
100% Code 3103 3116 3117 3106 3111 3118 3119 3121 3122 3131 3189 3190 3191 3192 3902 3988 9099 1999 3999 312021 4999 5999 6399 9139 9121 9122 9123 9124 9199 6199 6101 6102 6103 6104 6106 6107 6105 9201 9249
Total 2,500,000 1,500,000 500,000 1,000,000 0 1,000,000 0 0 250,000 750,000 0 0 0 0 11,484,000 10,734,000 750,000
30,000 30,000
2,290,800
(iv) Rate 3% 5% 2% 6%
Minimum tax
(v)
Higher of (iii) or (iv)
Proportionate tax*
Tax Computation
Import of Edible Oil U/S 148(8) Import of Packing Material U/S 148(8) Transport Services U/S 153(1)(b) Other Services U/S 153(1)(b)
0 0 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
9303
Total
* [(38) divided by 29 multiply by 40(a)(ii) or 40(b)(ii) or 40(c)(ii) or 40(d)(ii), as the case may be]
41 Minimum tax on electricity consumption under section 235(4) Amount of tax collected along with electricity bill where the monthly bill amount is up to Rs. 30,000 42 Balance tax chargeable 43 Minimum Tax Payable U/S 113 [43(iv) minus 41, if greater than zero, else zero]
9304 9305 9306 9307 9499 9999 9998 6109 0 2,290,800 0 2,329,100 108,600 2,220,500
(i) Total Turnover (ii) Minimum tax @ 1% 44 Net tax chargeable [42 + 43 + 90] 45 Total Tax Payments (Transfer from Sr. 28 of Annex-B)
47 Refund Adjustments (not exceeding current year's tax payable)
(iii) (iv)
Reduction @
48 Annual personal expenses for individual only (transfer from Sr. 12 of Annex-D)
Signature
IT-2 (Page 2 of 2)
N NTN
2012
0 Tax Chargeable
7,000 2,800 18,000 10,500 38,300
Business Name
Source
49 Imports 50 51 52 53 Dividend 54 55 Profit on Debt 56 Royalties/Fees (Non-Resident) 57 58 Contracts (Non-Resident) 59 Insurance Premium (Non-Resident) 60 Advertisement Services (Non-Resident)
Receipts/Value
Rate (%)
Code
92013 92011 92012 92015 92032 92033 92041 920511 920512
920521 920524 920525 920611 920612 920613 920614 920631 920632 920641 92072 92075 92091 92092 92101 92121 92122 92123 92141
Final Tax
61 Supply of Goods 62 63 64 Payments to Ginners 65 Contracts (Resident) 66 67 Exports/related Commission/Service 68 69 Foreign Indenting Commission 70 Prizes/Winnings of cross word puzzles 71 Winnings - Others 72 Petroleum Commission 73 Brokerage/Commission 74 Advertising Commission 75 Services to Exporters u/s 153(2) 76 Goods Transport Vehicles 77 Gas consumption by CNG Station 78
Distribution of cigarette and pharmaceutical products
64142 64143 310102 310103 210101 610401 610402 610403 310431 112001 112002 63311 118301
92142 92143 920202 920203 920235 961041 961042 961043 920208 920234 920237 920236 920211
79 Retail Turnover upto 5 million 80 Retail Turnover above 5 million 81 Property Income 82
Capital gains on Securities held for < 6 months Capital gains on Securities held for >= 6 months and < 12 months Capital gains on Securities held for >= 12 months
Fixed Tax
83 84
9202
Verification
Self/ Partner or Member of Association of Persons/ Representative (as defined in section 172 of the Income Tax Ordinance, 2001) of Taxpayer named above, do solemnly declare that to the best of my knowledge and belief the information given in this Return/Statement u/s 115(4) and the attached Annex(es), Statement(s), Document(s) or Detail(s) is/are correct and complete in accordance with the provisions of the Income Tax Ordinance, 2001 and Income Tax Rules, 2002 (The alternative in the verification, which is not applicable, should be scored out).
Date :
Signatures:
Annex-A
Description
WDV (BF)
Additions
Deletions
Rate (%) 50% 50% 50% 0% 50% 50% 50% 50% 0% 50% 50% 50% 90% 0% 0%
Initial Allowance Rate (%) 10% 15% 30% 15% 15% 100% 20% 30% 15% 15% 15% 30% 15% 50% 15%
Extent (%)
Depreciation -
WDV (CF) -
2012
1 2 3 4 5
Building (all types) Machinery and plant (not otherwise specified) Computer hardware (including allied items) Furniture (including fittings) Technical and professional books Below ground installations of mineral oil concerns Off shore installations of mineral oil concerns
35248-125486-3
Tax Year
6 7 Depreciable Assets 8 9
Machinery and equipment used in manufacture of IT products 320308 Motor vehicles (not plying for hire) 32041 32042 32043 32044 320309 320312 320310
10 Motor vehicles (plying for hire) 11 Ships 12 Air crafts and aero engines Machinery and equipment Qualifying for 1st year 13 Allowance
Computer hardware including printer, monitor and allied 14 items, that have been used previously in Pakistan
Any plant or machinery that has been used previously 15 in Pakistan 16 Any plant or machinery in relation to which a deduction has been allowed under another section for the entire cost of the asset in the tax year in which the asset is acquired. Total Description Intangibles 17 Intangibles 18 Expenditure providing long term advantage/benefit 19 Total Description 20 Pre commencement expenditure Description Unadjusted Business loss for previous year adjusted against Business income for current year 21 Brought Forward Adjustments Unadjusted Business loss for previous year adjusted against Business income for current year 22 Unadjusted Business loss for previous year adjusted against Business income for current year Unadjusted Business loss for previous year adjusted against Business income for current year
320311
Reg/Inc/CNIC No.
Acquisition Date
Code 3206 Code 3902 Amount Tax Year 2006 Description Unabsorbed Amortization of intangibles / expenditure providing long term advantage/benefit for previous year(s) adjusted against Total Income for current year Amortization of intangibles / expenditure providing long term advantage/benefit for current year adjusted against Total Income for current year Unabsorbed tax depreciation/initial allowance of fixed assets for previous year(s) adjusted against Total Income for current year Depreciation/initial allowance of fixed assets for current year adjusted against Total Income for current year Original Expenditure . Rate (%) 20% Code Amount Amortization
Tax Year
3987
upto 2011
3902
2007
3987
2012
3902
2008
23
3988
upto 2011
24
3988
2012
Unadjusted Business loss for previous year adjusted 25 against Business income for current year Unadjusted Business loss for previous year adjusted 26 against Business income for current year
NTN
Total (Not exceeding the amount of Business Income available for 27 adjustment) (transfer to Sr. 15 of Main Return)
Total (Not exceeding the amount of Total Income available for adjustment) (transfer to Sr. 16 of Main Return)
Annex-B
2012
B
35248-125486-3 Code
94019 94029 94039 94043
Particulars
1 On import of goods (other than tax deduction treated as final tax) 2 From salary 3 On dividend Income (other than tax deduction treated as final tax) 4 On Government securities 5 On profit on debt (other than tax deduction treated as final tax)
Certificate/Account No. etc.
Bank
Branch
Share%
94049
6 On payments received by non-resident (other than tax deduction treated as final tax) 7 On payments for goods (other than tax deduction treated as final tax) 8 On payments for services (other than tax deduction treated as final tax) 9 On payments for execution of contracts (other than tax deduction treated as final tax) 10 On property income 11 On withdrawal from pension fund 12 On cash withdrawal from bank
Certificate/Account No. etc.
3,600
Bank
Branch
50,000
50,000
94120 94179
Owner's Name
Manufacturer Particulars
15 16 17 18
On sale/purchase of shares through a Member of Stock Exchange On trading of shares through a Member of Stock Exchange On financing of carry over trade With motor vehicle token tax (Other than goods transport vehicles)
Registration No.
Engine / Seating Capacity
Owner's Name
25,000
25,000
94159
20,000
20,000
94169
10,000
10,000
21 22 23 24
Total Tax Deductions at source (Adjustable Tax) [Sum of 1 to 22] Total Tax Deductions at source (Final Tax) a. First installment b. Second installment c. Third installment d. Fourth installment CPR No. CPR No. CPR No. CPR No.
108,600
Tax Payments
26 Advance Tax U/S 147(5B) [ a + b + c + d] a. First installment CPR No. b. Second installment CPR No. c. Third installment CPR No. d. Fourth installment CPR No. 27 Admitted Tax Paid U/S 137(1) CPR No. 28 Total Tax Payments [23 + 24 + 25 + 26+27] (Transfer to Sr. 45 of Main Return) 29
WWF Payable with Return (WWF payable will be adjusted against the excess payments made during the current year)
9461
9471
108,600
9308
Annex C
Breakup of Sales in case of Multiple Businesses
Taxpayer Name CNIC/Reg.No. Business Name
2012
C
NTN Tax Year RTO/LTU
2012
0
Sales (2)
(1)
Business Name 1
Business Activity Business Name 2 Business Activity Business Name 3 Business Activity Business Name 4 Business Activity Business Name 5 Business Activity
Signature:
Note : Grey blank fields are for official use
Annex - D
2012 D
35248-125486-3
Expenses
0 Minor
Signature: _____________________
Annex - E
Deductions (Admissible & Inadmissible)
2012 E
CNIC (for individual)
35248-125486-3 Code
319287 319288
Amount (Rs.)
319289 319298 3192 319101 319102 319104 319105 319106 319107 319108 319109 319110 319111 319112 319113 319114 319115 319116 319118 319120 319121 319123 319124 319125
Cess, rate or tax that is levied on the profits or gains or assessed as a percentage or otherwise on the basis of profits or gains Salary, rent, brokerage or commission, profit on debt, payment to non-resident, payment for services or fee from which the company was liable to deduct tax at source unless the company has deducted and paid the tax as required by the Income Tax Ordinance, 2001 Entertainment expenditure in excess of prescribed limits Contribution to an un-recognized provident fund, pension fund, superannuation fund or gratuity fund Contribution to a provident fund or other fund established for the benefit of the employees, unless effective arrangements have been made to deduct tax at source in respect of which the recipient is chargeable to tax under the head "salary" Fine or penalty for the violation of any law, rule or regulation Personal expenditure Provisions or amounts carried to reserves or funds etc. or capitalised in any way Profit on debt, brokerage, commission, salary or other remuneration paid by an AOP to its members Any salary, rent, brokerage or commission, profit ondebt, payment to non-resident or payment for services or fee on which tax was required to be deducted and paid but was not deducted and paid Expenditure under a single account head which, in aggregate, exceeds Rs. 50,000 paid otherwise than by a crossed bank cheque or crossed bank draft (excluding expenditures not exceeding Rs. 10,000 or on account of freight charges, travel fare, postage, utilities or payment of taxes, duties, fees, fines or any other statutory obligation) Salary exceeding Rs. 15,000 per month paid otherwise than by a crossed cheque or direct transfer of the funds to the employee's bank account Capital expenditure Provisions for bad debts, obsolete stocks, etc. Apportionment of expenditure including profit on debt, financial cost and lease payments relatable or attributable to non-business activities Mark-up on lease financing Accounting pre-commencement expenditure written off Accounting loss on disposal of depreciable assets / intangibles Accounting amortization Accounting depreciation
5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
21 Any other (please specify) 22 Total [Add 1 to 21] to be transferred to Sr-13 of main return
3191
Signature _______________________
Annex - F
Bifurcation of Income/(Loss) from business attributable to Sales/Receipts Etc. subject to Final Taxation
2012
F
35248-125486-3 Subject to Normal Taxation Amount (Rs.)
Mr. Javaid 0 Particulars Code 3010 30101 30102 30103 30104 30105 30106 30107 30108 3011
(i) (ii) CNIC (for individual)
Code
3010F 30101F 30102F 30103F 30104F 30105F
2. Cost of sales
Actual / identifiable Average / proportionate to sales 30111F 30112F 301121F 301122F 301123F 301124F
30111 30112
301121 301122 301123 301124
30113 30114 3. Gross profit/(loss) / other business revenues/receipts 3012 30121 (a) Gross profit [ 1(h) minus 2(e)] 30122 (b) Other business revenues/receipts
(i) (ii) (iii) (iv) (v) (c) (a) (b) (c) Brokerage and commission Transport services Others Other inclusions/exclusions in income 301221 301222 301224 301225
30113F 30114F 3012F 30121F 30122F 301221F 301222F 301223F 301224F 301225F
Total gross income [ Add 3(a) to 3(b)(v)] Apportioned on the basis of: As per income statement Adjustment of inadmissible expenditures etc. (i) (ii) (iii) (iv) (v) (vi) Accounting depreciation Accounting amortization Markup lease financing Selling expenses (Freight outward, etc.) Other inadmissible deductions Others
30123 3013
(i) (ii)
30123F 3013F
Actual / identifiable Average / proportionate to gross income 30131F 30132F 301321F 301322F 301323F
30131 30132
301321 301322 301323 301324 301325 301326
(d) (e)
Sub-total [Add c(i) to c(vi)] Adjustment of admissible expenditures etc. (i) (ii) (iii) (iv) (v) Tax depreciation (Total) Tax amortization (Total) Lease rentals Other admissible deductions Others
30133 30134
301341 301342 301343 301344 301345
30133F 30134F 301341F 301342F 301343F 301344F 301345F 30135F 30136F 3014F
(f) (g)
Sub-total [Add e(i) to e(v)] Net expenditure [ 4(b) minus to 4(d) plus 4(f)]
Signature _______________________
2012
G
0
Registry
2012
0
Sr. Description
Code
311101 311102 311103 311106 311108 311118
Amount
1 2 3 4 5 6
Salaries,Wages Electricity Gas Stores/Spares Repair & Maintenance Other Expenses Total [ Add 1 to 6] [Transfer to Sr. 5 of main Return] Rent/ Rates/ Taxes Salaries & Wages Travelling/ Conveyance Electricity/ Water/ Gas Communication Charges Repairs & Maintenance Stationery/ Office Supplies Insurance Professional Charges Profit on Debt (Markup/Interest) Donations Bad Debts Written Off Obsolete Stocks/Stores/Spares Written Off Selling expenses(Freight outwards etc.)
7 8 9 10 11 12 13 14 16 17 18 19 20 21 22
31100
3141 3144 3145 3148 3154 3153 3155 3157 3159 3160 3161 3163 31821 31822 31080 31090
3170
250000