For Rawalakot residents, the FBR return covers income and assets connected with Pakistan proper. This page explains what goes into it.
A Retired Soldier's FBR Return
A common Rawalakot return belongs to a retired soldier who draws a pension, has bought a shop in Rawalpindi's Saddar or a flat in a housing scheme, and rents it out. The pension is declared as exempt. The rent is income from Pakistan proper and is taxable, with allowable deductions under the law for the year and any tax withheld by a company or bank tenant claimed. The shop or flat, and his house and land in Poonch, all appear in the wealth statement.
Serving Personnel
Pay certificates from the army or air force show salary and withholding; officers posted in Pakistan proper file with FBR in the usual way.
Graduates Employed in the Twin Cities
Salary and withholding from the employer's certificate.
Money from the Gulf and Britain
Transfers from relatives abroad are receipts in the wealth statement.
Selling Property in Pakistan Proper
Price, cost, gain and the seller's advance tax under section 236C are reported.
Consistency with AJK
What is reported to AJK's office about Poonch income and to FBR about the same assets should match.
Bank Profit in Pakistan Proper
Profit on savings held in bank branches in Pakistan proper is declared with the bank's withholding.
Late Filing
A late FBR return is still accepted, with the surcharge to appear on the Active Taxpayers List.
Also see tax consultant in Rawalakot and NTN registration in Rawalakot.
Frequently Asked Questions
Do I list my Rawalakot house with FBR?
Yes, in the wealth statement.
Is a pension declared?
Yes, as exempt.
Is rent from a Rawalpindi flat taxable?
Yes.
File Your Income Tax Return in Rawalakot Today
Same-day filing available. WhatsApp your CNIC and salary slip to 0328-4675162 — we begin immediately. Free consultation included.