File income tax return in this video we will discuss about tax return which is most important for business purpose or job purpose but in video file income tax return for business purpose as shown tax return process step by step guideline where as most of the person can understand the process for tax return. The video is special made for viewers in this video we will submit the return online by login fbr iris before login the fbr iris I would like to explain common problem during the submission for tax return most of people said they do not get their name on return its means your ntn is not registered successfully and you case is pending in draft form so before submission the return must be check your ntn form 181 is it complete or pending in draft. If its in draft tab so complete the form 181 when its completed you will be able to filing the tax return. If you have completed ntn registration process so follow these steps to submit tax return for this purpose we will fill two from first form is form 116(2) and form 114(1) as form 116(2) statement of assets and form 114(1) Return of income voluntarily for complete year. From both of form we will fill the form 116(2) firstly to select the form click on deceleration and select the form 116(2) after select the form its will ask for tax year click on period and type the tax year for which year you have to submit the tax return. After type the year click the year it will show the date of tax year. Tax year date start from first of july of last year and 30 june of current year it will complete one year as last six month of last year and first six month of current year.
In the form 116(2) statement of assets fill the all value which relates to your assets in which House, Shop, Gold, Silver, Bank Balance, Motor Vehicles, Hand Cash, advance, Borrow, Loan etc. For filling the return you have need Pin Code its very compulsory to file the income return if you forget the pin code do not worry you can change it by very easy process just save and close the tax return and go to home just click on change the pin and type new pin. After that reopen the return which in draft tab and click on verification type the pin and submit the form 116(2) statement of assets.
Second form which is form 114(1) Return of income voluntarily for complete year to select the form click on deceleration and select the form 114(1) after select the form its will ask for tax year click on period and type the tax year for which year you have to submit the tax return. After type the year click on search it will show the date of tax year. In form 114(1) put the income by every sources in one tax year. It included the Business Expenses, Rent, Tax, Bill for Electricity, Water, Maintenance, Management Expenses etc. Another values of land, building, machinery, stock or cash etc. after fill the all value click on verification and type verification pin code and submitted the return.
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