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    Tax Return (2019-20) MR - Asad

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    Ikram
    This document is an acknowledgement slip for an income tax return filed by Syed Asad Ali for the 2020 tax year. It summarizes his income, expenses, assets, and tax liability. His total income was 5.44 million and tax chargeable was 769,000. His assets included over 11.69 million in investments and cash.

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    Download as PDF, TXT or read online from Scribd

    Tax Return (2019-20) MR - Asad

    Uploaded by

    Ikram
    71 views3 pages
    This document is an acknowledgement slip for an income tax return filed by Syed Asad Ali for the 2020 tax year. It summarizes his income, expenses, assets, and tax liability. His total income was 5.44 million and tax chargeable was 769,000. His assets included over 11.69 million in investments and cash.

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    Accounting

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    Tax Return (2019-20) Mr.Asad

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    This document is an acknowledgement slip for an income tax return filed by Syed Asad Ali for the 2020 tax year. It summarizes his income, expenses, assets, and tax liability. His total income was 5.44 million and tax chargeable was 769,000. His assets included over 11.69 million in investments and cash.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    71 views3 pages

    Tax Return (2019-20) MR - Asad

    Uploaded by

    Ikram
    This document is an acknowledgement slip for an income tax return filed by Syed Asad Ali for the 2020 tax year. It summarizes his income, expenses, assets, and tax liability. His total income was 5.44 million and tax chargeable was 769,000. His assets included over 11.69 million in investments and cash.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    ACKNOWLEDGEMENT SLIP

    114(1) (Return of Income filed voluntarily for complete year)

    Name: SYED ASAD ALI Registration 3520251062401


    Address: Flat No 29, Block E, Askari 5, Gulberg III, Lahore Tax Year : 2020
    Gulberg Town Period : 01-Jul-2019 - 30-Jun-2020
    Medium : Online
    Contact No: 00923331550045 Due Date : 30-Sep-2020
    Document 29-Sep-2020

    Description Code Amount


    Net Assets Current Year 703001 11,692,249.00
    Tax Chargeable 9200 769,000.00
    Taxable Income 9100 5,440,000.00
    Total Income 9000 5,440,000.00
    This is not a valid evidence of being a "filer" for the purposes of clauses (23A) and (35C) of sections 2 and 181A.

    Print Date: Tue, 29 Sep 2020 13:16:07 Tue, 29 Sep 2020 13:16:07 +0500 Page 1 of 3
    114(1) (Return of Income filed voluntarily for complete year)

    Name: SYED ASAD ALI Registration 3520251062401


    Address: Flat No 29, Block E, Askari 5, Gulberg III, Lahore Tax Year : 2020
    Gulberg Town Period : 01-Jul-2019 - 30-Jun-2020
    Medium : Online
    Contact No: 00923331550045 Due Date : 30-Sep-2020
    Document 29-Sep-2020

    Salary
    Amount
    Exempt from Amount
    Description Code Total Amount Tax / Subject Subject to
    to Fixed / Normal Tax
    Final Tax
    Income from Salary 1000 5,440,000.00 0.00 5,440,000.00
    Pay, Wages or Other Remuneration (including Arrears of
    1009 5,440,000.00 0.00 5,440,000.00
    Salary)
    Adjustable Tax
    Receipts / Tax Collected Tax
    Description Code
    Value / Deducted Chargeable
    Adjustable Tax 640000 0.00 769,000.00 0.00
    Salary of Employees u/s 149 64020004 0.00 769,000.00
    Final / Fixed / Minimum / Average / Relevant / Reduced Tax
    Receipts / Tax Collected Tax
    Description Code
    Value / Deducted Chargeable
    Capital Gains on Immovable Property u/s 37(1A) 64220050 0.00 0.00
    Computations
    Amount
    Exempt from Amount
    Description Code Total Amount Tax / Subject Subject to
    to Fixed / Normal Tax
    Final Tax
    Income from Salary 1000 5,440,000.00 0.00 5,440,000.00
    Total Income 9000 0.00 0.00 5,440,000.00
    Taxable Income 9100 0.00 0.00 5,440,000.00
    Tax Chargeable 9200 0.00 0.00 769,000.00
    Normal Income Tax 920000 0.00 0.00 769,000.00
    Withholding Income Tax 9201 0.00 769,000.00

    Personal Expenses
    Description Code Amount
    Personal Expenses 7089 3,445,023.00 0.00 0.00
    Rates / Taxes / Charge / Cess 7052 769,000.00 0.00
    Other Personal / Household Expenses 7087 2,676,023.00 0.00
    Personal Assets / Liabilities
    Description Code Amount
    Investment (Non-Business) (Account / Annuity / Bond / 7006 4,692,249.00 0.00 0.00
    Print Date: Tue, 29 Sep 2020 13:16:07 Tue, 29 Sep 2020 13:16:07 +0500 Page 2 of 3
    Personal Assets / Liabilities
    Description Code Amount
    Certificate / Debenture / Deposit / Fund / Instrument /
    7006 4,692,249.00 0.00 0.00
    Policy / Share / Stock / Unit, etc.)
    Investment (Non-Business) (Account / Annuity / Bond /
    Certificate / Debenture / Deposit / Fund / Instrument /
    Policy / Share / Stock / Unit, etc.) - 0102583656 - Account 7006 4,677,993.00 0.00 0.00
    Savings
    Meezan bank, model town branch
    Investment (Non-Business) (Account / Annuity / Bond /
    Certificate / Debenture / Deposit / Fund / Instrument /
    Policy / Share / Stock / Unit, etc.) - 6040045775200011 -
    7006 14,256.00 0.00 0.00
    Account
    Current
    Bank of punjab
    Precious Possession 7009 3,500,000.00 0.00 0.00
    Precious Possession - Jewellery - Gold 44 Tola
    7009 3,500,000.00 0.00 0.00
    Cash (Non-Business) 7012 3,500,000.00 0.00
    Total Assets inside Pakistan 7015 11,692,249.00 0.00 0.00
    Total Assets 7019 11,692,249.00 0.00 0.00
    Reconciliation of Net Assets
    Description Code Amount
    Net Assets Current Year 703001 11,692,249.00 0.00 0.00
    Net Assets Previous Year 703002 9,697,272.00 0.00
    Increase / Decrease in Assets 703003 1,994,977.00 0.00 0.00
    Inflows 7049 5,440,000.00 0.00 0.00
    Income Declared as per Return for the year subject to
    7031 5,440,000.00 0.00
    Normal Tax
    Outflows 7099 3,445,023.00 0.00 0.00
    Personal Expenses 7089 3,445,023.00 0.00 0.00
    Unreconciled Amount 703000 0.00 0.00 0.00

    Print Date: Tue, 29 Sep 2020 13:16:07 Tue, 29 Sep 2020 13:16:07 +0500 Page 3 of 3

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