Draft for Income Tax return form 2019 is available for testing purpose which means it cannot be submitted at this stage, however once expected formula errors are corrected by FBR the return shall be ready for submission.
To have look on the returns as proposed by FBR please follow the link to FBR official website
Click here for Income Tax return for Company
Click here for Income Tax return for Salaried Individuals , Business Individuals and Association of Person
Dr. M. Saeeduddin Khan
5 years agohow is tax on bahbood profit being calculated?
Sharjeel Ayub
5 years agoDear Dr. M Saeeduddin,
Tax on Bahbood profit is average rate of tax applicable to your income for the year, for example your income for the year other than Bahbood Profit is Rs 2.4 million, applicable tax would be Rs 60,000 average rate of tax here is 2.5% (60,000/2,500,000) Tax rate on Bahbood shall also be 2.5%. In case average of rate of tax exceeds 10% then rate applicable to Bahbood income shall be restricted to 10%.