12/09/2026
How should PSX shares, capital gains and capital losses be reported in the FBR Income Tax Return and Wealth Statement?
In this practical video, Khalid Iqbal of Dawars Associates explains the complete process of reporting Pakistan Stock Exchange investments in the FBR IRIS portal.
This video covers:
✅ Three essential reports required for PSX tax-return filing
✅ Where and how to download these reports
✅ How to report PSX capital gain in the income tax return
✅ How to deal with capital loss when IRIS does not accept a negative value
✅ Adjustment and carry-forward treatment of capital loss
✅ How to declare PSX shares in the Wealth Statement
✅ How to report the closing value of your share portfolio
✅ How to reconcile purchases,, sales, profit, loss and closing investment
✅ How to avoid an unexplained difference in wealth reconciliation
The three important supporting records generally include:
1. NCCPL Capital Gain Tax Report/Certificate
2. CDC Investor Account or closing portfolio statement
3. Annual broker ledger/account statement
Important Capital-Loss Point:
Where a taxpayer has both capital gain and capital loss, the allowable loss is adjusted against the relevant capital gain according to the applicable tax provisions. If there is is an overall capital loss and IRIS does not allow the capital-gain field to be reported in a negative amount, the taxable capital gain is generally reported up to zero.
The remaining eligible loss may be carried forward according to law and the available NCCPL record. However, the actual financial loss must still be considered while preparing the Wealth Statement and reconciling the taxpayer’s investments and net wealth.
Simply entering zero in the income tax return does not automatically reconcile the reduction in wealth caused by the PSX loss.
Watch the complete practical demonstration before submitting your Tax Year 2026 return.
For professional assistance with:
• Income Tax Return and Wealth Statement
• PSX capital gain and investment reporting
• Tax notices, appeals and refunds
• Corporate and SECP compliance
• Business registration and tax advisory
Contact:
Dawars Associates – Tax & Corporate Consultants
Office 14, First Floor, Huzaifa Center
I-8 Markaz, Islamabad
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Disclaimer: This video provides general educational information. The correct reporting treatment may depend on the taxpayer’s transaction history, investor category, holding period, NCCPL records and applicable law.
