For Bhimber residents, an FBR income tax return covers income and assets connected with Pakistan proper, while AJK income follows AJK's system. This page explains what goes into the FBR return.
What Goes in the FBR Return
Income from Pakistan proper, such as salary from a Pakistani employer, rent from property in Rawalpindi or profit from a Pakistani bank, belongs in the FBR return. Income arising within AJK is dealt with under AJK's system.
The Wealth Statement
Residents who file with FBR complete a wealth statement. Assets in AJK and Pakistan proper alike are listed so the statement reconciles, with notes on which income is taxed under which system.
Remittances
Money from relatives in the UK or Gulf received through banks is not the receiver's taxable income, but it explains assets bought with it.
A Worked Example
A Bhimber resident works for a bank branch in Mirpur and owns a flat in Islamabad let for Rs 600,000 a year. The flat's rent is declared in the FBR return; the salary's treatment depends on where the employment and income arise, which we review.
Getting Started
Share details of each income and asset with their locations. We prepare the FBR return where it applies.
Samahni Valley Orchards
Families in Samahni who sell citrus and guava from their own orchards treat that crop income separately from the profit of a fruit commission shop. Keeping the orchard sales and the shop's commission book apart makes each return straightforward.
Also see tax consultant in Bhimber and NTN registration in Bhimber.
Frequently Asked Questions
Do I declare AJK property in my FBR wealth statement?
We generally list all assets so the statement reconciles, noting which income is taxed under AJK's system.
Is rent from an Islamabad flat taxed by FBR?
Yes, property in Pakistan proper is under FBR's jurisdiction.
Are remittances from the UK taxable?
Generally not, when received through banks, but they explain assets bought.