How to File Wealth Statement | Understand and Reconcile Wealth Statement Easily
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- Опубліковано 7 вер 2024
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In this video, you will learn how to file Wealth Statement. A wealth Statement is a part of your Income Tax Return. Without Filling Wealth Statement you cannot submit your tax return. All you have to do is to understand the methods of reconciliation of the wealth statement.
This video will guide you through the process of Understand and Reconcile Wealth Statement Easily. I have explained to you each and every head/section of the wealth statement.
In this video, a comprehensive working for 116(2) Wealth Statement is shown. You can follow my step-by-step procedure to understand and reconcile the wealth statement in FBR's IRIS portal.
Filling a wealth statement is very important. In the wealth statement, you have to declare your total income, your expenses, and your assets and liabilities. You have to do the correct calculation for each of these.
Every person or business or Non-Resident Pakistan is bound to filing a tax return if he earns a taxable income in a financial year.
So, In this video, find out and learn about filling a wealth statement to submit your income tax return.
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