How to File Tax Return in FBR, Complete & easy Procedure year 22-23, LICS4ALL

In this video we will learn about How to file tax return in FBR, complete & easy procedure of Tax Return filing 22-23
1st of all You will get your ID and Password for login.
You Required you CNIC # Yours Phone Number and valid Email address.
Here's a step-by-step guide to the procedure for filing income tax returns in Pakistan:
Gather Required Documents:
Collect all necessary documents, including your CNIC (Computerized National Identity Card), salary slips, bank statements, and any other relevant financial records.
Online Registration:
Ensure that you are registered on the FBR's online portal (IRIS - Integrated Risk Information System). If you're not already registered, you can do so by visiting the FBR website.
Access the IRIS Portal:
Log in to the IRIS portal using your credentials.
Select the Appropriate Tax Form:
Choose the relevant tax form based on your sources of income and taxpayer category. For most individuals earning a salary, the common form is the Income Tax Return (ITR) form.
Fill Out the Form:
Complete the tax form accurately by entering your income details, deductions, exemptions, and other relevant information. Be sure to provide your correct CNIC and contact information.
Compute Tax Liability:
The IRIS portal will calculate your tax liability based on the information you provide. Ensure that you have claimed all applicable deductions and exemptions to minimize your tax liability.
Upload Supporting Documents:
Scan and upload supporting documents such as salary slips, bank statements, and any other required documentation.
Review and Verify:
Carefully review the information you've entered to ensure accuracy. Verify that all numbers and details are correct.
Submit the Return:
Once you are satisfied with the information, submit your tax return through the IRIS portal. You will receive an acknowledgment receipt upon successful submission.
Payment of Tax (if applicable):
If you have any tax payable, make the payment through the designated banking channels. The FBR website will provide details on how to make the payment.
Acknowledgment and Verification:
After filing your return, keep a copy of the acknowledgment receipt for your records. The FBR may contact you for verification or clarification of any information provided in your return.
Response to FBR Queries:
If the FBR requests any additional information or clarification, respond promptly to their queries.
Assessment and Refund (if applicable):
The FBR will assess your return and calculate the final tax liability. If you have overpaid taxes, you will be eligible for a refund.
Receive Tax Assessment Certificate:
You will receive a tax assessment certificate upon the completion of the assessment process. Keep this document for your records.
Annual Income Tax Return Submission Deadline:
Note that the deadline for filing income tax returns in Pakistan typically falls around the end of the fiscal year, which is June 30th. However, due to extensions or changes in deadlines, it's essential to check the FBR's website for the latest updates.
Please keep in mind that tax regulations and procedures can change, and the specific requirements may vary depending on your individual circumstances. To ensure accurate and up-to-date information, it's advisable to consult with a tax professional or visit the official FBR website for the most recent guidelines and deadlines for the tax year 2022-2023.
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