Lakki Marwat returns are often simple but important: remittances, a salary or pension, farm income and the property they pay for. This page explains what to include.
Families Living on Remittances
Where the household's money comes from a member abroad, the return of the person at home often shows no taxable income. What it does show is the remittances received through banks and, in the wealth statement, the house, land, gold and vehicles bought with them. Filing such a return is what gives filer status for property purchases.
Returned Workers
Men who return from the Gulf and invest savings in a coaster, a shop or a share in a contracting business should file from the first year, so that the source of capital and the new business's profit are both on record.
Oilfield Contractors
Each payment from the exploration companies is listed with the tax withheld, and fuel, wages, vehicle costs and depreciation are deducted. Some withholding may be minimum tax.
Farmers
Gram and wheat from family land are declared as agricultural income.
Soldiers and Pensioners
Salary and withholding from pay certificates; pensions declared as exempt.
Wealth Statement
Every asset at 30 June, with the year's change explained.
Teachers and Officials
Salaried residents copy salary and withholding from their certificates. Teachers who also run a private academy in the evening declare its fees separately.
Shops in Lakki City and Naurang
Shopkeepers who buy from Bannu and D.I. Khan wholesalers show purchases, sales and stock on 30 June, and claim the advance tax on their commercial electricity bills.
Also see tax consultant in Lakki Marwat and NTN registration in Lakki Marwat.
Frequently Asked Questions
Should a remittance-only household file?
Filing gives filer status for property and vehicle purchases.
Is oilfield withholding always refundable?
Not always; some may be minimum tax.
Is a pension declared?
Yes, as exempt income.