How to Adjust Previous Year Income Tax Refund Last year you had a refund available but this year IRIS is not allowing you to make adjustments. When you try to adjust the refund there, the system either zeroes it or adjusts it to a lower value. The question is why is IRIS doing this? Is […]...

  Bank Statement alone Cannot Be Considered Proof of Income Bank statement alone cannot be considered proof of income, according to a recent Supreme Court ruling about bank account transactions.  In the past, the FBR generally collected tax by treating the total credits listed in a bank statement ...

Not Declaration All Assets 7 common mistakes to avoid when filing income tax returns with FBR here is the first big mistake is that people do not declare all their assets. They think that if you declare assets, you will have to pay tax. The fact is that you have to pay tax only if […]...