RETURN OF TOTAL INCOME/STATEMENT OF FINAL TAXATION

UNDER THE INCOME TAX ORDINANCE, 2001 (FOR INDIVIDUAL / AOP)

Taxpayer's Name Business Name Business Address Res. Address E-Mail Address Principal Activity Employer Representative Authorized Rep.
NTN NTN NTN Name Name Name

Mr.Habeeb Toheed Textile Mall Road Mall Road toheedtextile@gmail.com

CNIC (for Individual) 35248-125442-3

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

Enter 1 for Male or 2 for 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

Enter 1 for YES 2 for NO

for Female

or 2 for Non-Resident

Version Source Wealth Statement Filled

1.0 Turbo Tax Assistant 0

RETURN OF TOTAL INCOME/STATEMENT OF FINAL TAXATION

UNDER THE INCOME TAX ORDINANCE, 2001 (FOR INDIVIDUAL / AOP) Taxpayer's Name
CNIC (for Individual) Business Name

IT-2 (Page 1 of 2)
N NTN
Gender Year Ending Tax Year Person Male

Mr.Habeeb
35248-125442-3 Toheed Textile Mall Road Mall 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.

toheedtextile@gmail.com 0
0 0 0
Name Name Name

Phone Code

0
0

Res. Status Birth Date Filing Section

0 0
0

AOP
Resident

0 0 0

RTO/LTU
Is authorized Rep. applicable?

NTN Ownership

Proprietor/Member/Partners' Name

% in Capital

Yes/No Capital Amount

Others Total Items

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

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)

Manufacturing/ Trading, Profit & Loss Account ( including Final/Fixed Tax)

[to be reconciled with Annex-C] [to be reconciled with Annex-C]

[ Transfer from Sr-7 of Annex-G] [ to be reconciled with Annex-C ]

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 2,800,000 1,400,000 400,000 1,000,000 0 1,400,000 0 0 200,000 1,200,000 0 0 0 0 10,076,000 8,876,000 1,200,000

Total / Taxable Income Computation

20,000 20,000

10,056,000 48,000 48,000

2,011,200

(iv) Rate 3% 5% 2% 6%
Minimum tax

(v)
Higher of (iii) or (iv)

Proportionate Chargeable income

Proportionate tax*

Tax Computation

(a) (b) (c) (d) (e)

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 2,011,200 0 2,048,350 103,000 1,945,350

(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 @

Net Minimum tax

46 Tax Payable/ Refundable [44 - 45 + WWF Payable from Sr. 29 of Annex-B]

48 Annual personal expenses for individual only (transfer from Sr. 12 of Annex-D)

Net Tax Refundable, may be credited to my bank account as under:

Refund

A/C No. Bank

Branch Name & Code

Signature

RETURN OF TOTAL INCOME/STATEMENT OF FINAL TAXATION

UNDER THE INCOME TAX ORDINANCE, 2001 (FOR INDIVIDUAL / AOP) Taxpayer's Name CNIC
(for Individual)

IT-2 (Page 2 of 2)
N NTN

Mr.Habeeb 35248-125442-3

Tax Year RTO/LTU

2012
0 Tax Chargeable
6,000 3,150 16,000 12,000 37,150

Business Name

Toheed Textile Code

64013 64011 64012 64015 64032 64033 64041 640511 640512 640521 640524 640525 640611 640612 640613 640614 640631 640632 640641 64072 64075 64091 64092 64101 64121 64122 64123

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

5 2 1 3 60,000 10 7.5 10 15 6 5 10 90,000 3.5 1.5 1 6 1 0.5 1 5 10 80,000 20 10 10 5 1 4 1 1 390,000 10 8 0 2 2.5 5 1

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

85 Purchase of locally produced edible oil 86 Flying Allowance 87 88

Monetization of Transport Facility For Civil Servants

Services rendered / contracts executed outside Pakistan

89 Employment Termination Benefits 90 I,

Final/Fixed Tax Chargeable (49 to 89) Acknowledgement

, in my capacity as

9202

holder of CNIC No.

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:

Signatures & Stamp of Receiving Officer with Date

Annex-A

Description

Code 3202 320301 320302 320303 320304 320306 320307

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

35248-125442-3

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

Depreciation, Initial Allowance and Amortization

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

0% Useful Life(Years) Original Cost . -

15% Extent (%) Amortization -

Reg/Inc/CNIC No.

Code 3205 3207

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

3902 3902 3902

2009 2010 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

Tax Already Paid

NTN 0 CNIC (for individual)

2012
B
35248-125442-3 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.

Amount of Tax deducted (Rs.)

Bank

Branch

Share%

94049

Tax Collected/Deducted at Source (Adjustable Tax only)

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.

940539 940619 940629 940639 940640 94028 Share% 94119

3,000

Bank

Branch

30,000

30,000

13 On certain transactions in bank 14 With Motor Vehicle Registration Fee

Registration No.
Engine / Seating Capacity

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

94131 94138 94139 Share% 94149

Owner's Name

26,000

26,000

19 With bill for electricity consumption

Consumer No. Subscriber's CNIC Subscriber's Name Share%

94159

28,000

28,000

20 With telephone bills, mobile phone and pre-paid cards

Number Subscriber's CNIC Subscriber's Name Share%

94169

16,000

16,000

21 22 23 24

On Sale by Auction On purchase of domestic air travel ticket

94180 94121 94599 94591 9461

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.

103,000

25 Advance Tax U/S 147(1) [ a + b + c + d]

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

103,000
9308

Note-1 : Grey blank fields are for official use

Annex C
Breakup of Sales in case of Multiple Businesses
Taxpayer Name CNIC/Reg.No. Business Name

2012
C
NTN Tax Year RTO/LTU

Mr.Habeeb 35248-125442-3 Toheed Textile

2012
0

Business Name & Business Activity

Sr.

Sales (2)

Cost of Sales (3)

Gross Profit/Loss (4) = (2) - (3) -

(1)
Business Name 1

BUSINESS WISE BREAKUP OF SALES

Business Activity Business Name 2 Business Activity Business Name 3 Business Activity Business Name 4 Business Activity Business Name 5 Business Activity

Total (to be reconciled with Sr. 1, 2 & 7 of Main Return)

Signature:
Note : Grey blank fields are for official use

Annex - D

Details of Personal Expenses (for individual)

Taxpayer Name NTN Sr 1 2 3 PERSONAL EXPENSES 4 5 6 7 8 9 10 11 12 Description Residence electricity bills Residence telephone/mobile/internet bills Residence gas bills Residence rent/ground rent/property tax/fire insurance/security services/water bills Education of children/ spouse/ self (Optional, it can be included in Sr-9) Travelling (foreign and local) (Optional, it can be included in Sr-9) Running and maintenance expenses of Motor vehicle(s) Club membership fees/bills Other personal and household expenses Total personal expenses (Sum of 1 to 9) (Less) Contribution by family members Net Personal Expenses (10 - 11) transfer to Sr-48 of Main Return Adults 13 Number of family members/dependents 0 Mr.Habeeb

2012 D

CNIC (for individual)

35248-125442-3

Expenses

0 Minor

Signature: _____________________

Annex - E
Deductions (Admissible & Inadmissible)

2012 E
CNIC (for individual)

Taxpayer Name NTN Admissible Deductions Sr. 1 2 3 4 5 1 2 3 4

Tax Amortization Tax Depreciation Income/(Loss) relating to Final and Fixed tax Other Admissible Deductions Total [Add 1 to 4] to be transferred to Sr-14 of main return

Mr.Habeeb 0 Particulars

35248-125442-3 Code
319287 319288

Amount (Rs.)

[Transfer from Annex-F]

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

Deductions not allowed / inadmissible

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
35248-125442-3 Subject to Normal Taxation Amount (Rs.)

Taxpayer Name NTN

Mr.Habeeb 0 Particulars Code 3010 30101 30102 30103 30104 30105 30106 30107 30108 3011
(i) (ii) CNIC (for individual)

Total Amount (Rs.)

Code
3010F 30101F 30102F 30103F 30104F 30105F

Subject to Final Taxation Amount (Rs.)

1. Sales (net of brokerage, commission and discount)

(a) (b) (c) (d) (e) (f) (g) (h) (a) (b) (c) Local sales/supplies - Out of imports (Trading) Local sales/supplies - Others Execution of contracts Export sales Others Sub-total [ Add 1(a) to 1(e)] Selling expenses (Freight outward, etc.) Net ex-factory or F.O.B. sales [ 1(f) minus 1(h)] Apportioned on the basis of: As per income statement Adjustment of inadmissible costs etc. (i) (ii) (iii) (iv) (d) (e) Sub-total [Add c(i) to c(iv)] Revised cost of sales [2(b) minus 2(d)] Accounting depreciation Accounting amortization Others

30106F 30107F 30108F 3011F

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

Royalty & fee for technical services (non-residents) 301223

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

4. Administrative, selling, financial expenses etc.

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

301324F 301325F 301326F

(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)]

5. Net profit/loss from business [3(c) minus 4(g)]

30135 30136 3014

Signature _______________________

ANNEX-G Breakup of Expenses

(Separate form should be filled for each business)

2012

G
0

Registry

Taxpayer Name CNIC Business Name Business Address

Mr.Habeeb 35248-125442-3 Toheed Textile Mall Road

NTN Tax Year RTO/LTU Business City

2012
0

Sr. Description

Code
311101 311102 311103 311106 311108 311118

Amount

Manufacturing & Trading Expenses

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

0 25000 50000 25000 50000 50000

Profit & Loss Account Expenses

15 Advertisement/ Publicity/ Promotion

23 Others 24 Total [ Add 8 to 23] [Transfer to Sr. 11 of main Return]

3170

200000

Signature _______________________ "