04/08/2026
TAX UPDATE ! INCOME TAX RETURN FOR THE TAX-YEAR 2026 HAS NOW STARTED!
Dear Clients,
It is noted that the Income Tax Return filing for the TY-2026 has now started, and it is advised or suggested that don’t make any delay or not to wait for the due / last dates (which is 30-Sep-2026).
It is critically noted that the Federal Government has significantly increased the surcharge / penalty for the Active Taxpayer List from Rs.1,000 to Rs.25,000/- for the individuals,
Therefore, it is strongly advised and suggested to timely file your Income Tax Returns before the due date which is 30-Sep-2026.
Kindly share the following necessary documents for the filing of the Income Tax Returns for TY-2026;-
1. Bank Statements (from 01-Jul-2025 to 30-Jun-2026)
2. Tax Deduction Certificate (for salaried persons)
3. Sale / Purchase of Assets (Cars, Plots, Houses, Personal Assets)
4. Withholding Certificates (from Banks, Mutual Funds, any other Investments)
5. Any Other necessary documents.
You may also share your details on WhatsApp and Email. Kindly note the followings;
Hassan Hanif
Tax Consultant
WA: 0336-2260659
Email: [email protected]