Chishtian returns often combine canal-irrigated farm income, commission from the grain market and shop profit. Here is how to file them.
Arhti's Return
Commission is income, less shop rent, staff and other costs. Advances to growers are assets at 30 June. Tax deducted by mills on payments is credited.
Ginners and Millers
Profit is sales less raw material, power, wages and depreciation. Sales tax records support the figures.
Farm Families
Crop sales from their own land are agricultural income.
Shopkeepers
Sales, purchases and closing stock determine profit.
Wealth Statement
Land, houses, vehicles and balances are listed, with increases explained.
Shrine and Charity Donations
Donations to approved institutions can qualify for a tax credit if receipts are kept; casual cash donations cannot be claimed.
Salaried Persons
Teachers, bank employees and government staff report salary from the employer's certificate and claim the tax deducted.
Rice Mills
A husking mill's return shows paddy purchased, rice and by-products sold, power, wages and depreciation, with the mill's sales tax returns used to cross-check figures.
Cotton Ginners
Ginners show seed cotton bought, lint and seed sold and processing costs. Deductions by spinning mills are credited.
Overseas Family Members
Remittances received through banks are shown in the wealth statement of the person who receives them, along with the houses or land bought.
Rent
Rent from shops in the bazaar is reported under property income.
Late Filers
A Chishtian trader who missed the deadline can still file; the return is accepted late, and getting back on the Active Taxpayers List requires the surcharge FBR charges for late inclusion.
Also see NTN registration in Chishtian.
Frequently Asked Questions
Can I claim donations to a shrine?
Only donations to approved institutions with receipts qualify.
Are advances to growers income?
No, they are assets until repaid.
Is crop income taxable?
It is agricultural and exempt from federal tax.