Taxpayer's Income Tax Guide

Taxpayers’ Income Tax Guide 2025-2026 by M. Iqbal Patel FCA is a comprehensive and practical handbook designed to serve as a complete reference for all categories of taxpayers—individuals, AOPs, companies, salaried persons, non-residents, and even new registrants. This updated edition explains the structure, policies, and procedures of Pakistan’s income tax regime in a reader-friendly and step-by-step manner. It opens with preliminary definitions and moves on to the functions of tax authorities, categories of taxpayers, and the significance of registration and filing of returns—both online and manually—covering procedures, benefits, legal obligations, and consequences of non-compliance.

The book extensively details the computation of total and taxable income across all five heads of income: salary, property, business, capital gains, and other sources. Special chapters are dedicated to wealth statements, foreign income/assets, charge of tax, tax credits, group taxation, minimum and alternate corporate tax, advance tax, and withholding tax mechanisms. It also incorporates sector-specific provisions for insurance, banking, oil & gas, SMEs, and builders/developers. The guide further includes international tax matters, assessment procedures, appeals, ADR, refunds, and income tax refund bonds. With in-depth commentary and practical insights, supported by relevant schedules from the Income Tax Ordinance, this guide is essential for tax professionals, consultants, accountants, corporate entities, and students seeking clarity and compliance under Pakistan's taxation laws.

Main Chapters:
Chapter- : Definitions
Chapter- : The Income Tax Authorities & Income Tax Policies
Chapter- : Income Tax Basics
Chapter- : Taxpayers’ Registration
Chapter- : Filing of Income Tax Return - Step-By-Step
Chapter- : Wealth Statement & Foreign Income/Assets Statement
Chapter- : Total and Taxable Income & Income Tax Thereon
Chapter- : Charge of Tax
Chapter- : Salary
Chapter- : Income from Property:
Chapter- : Income from Business
Chapter- : Capital Gains
Chapter- : Income from other sources
Chapter- : Set off and Carried Forward of Losses
Chapter- : Group Taxation and Relief
Chapter- : Tax Accounting
Chapter- : Principles of Taxation of Individuals
Chapter- : Principles of Taxation of Association of Persons
Chapter- : Principles of Taxation of Companies
Chapter- : Common Provisions Applicable to AOP and Companies
Chapter- : Tax Liability in Certain Cases
Chapter- : Deductible allowances and Tax Credits
Chapter- : Minimum Tax & Alternative Corporate Tax
Chapter- : Advance Tax & Deduction of Tax at Source
Chapter- : Advance Tax Paid to a Collection Agent
Chapter- : Deduction of Tax at Source
Chapter- : Transitional Advance Tax Provisions:
Chapter- : Collection and Recovery of Tax
Chapter- : General Provisions Relating to the advance payment of Tax or The Deduction of Tax at Source
Chapter- : Special Provisions for Businesses
- Insurance Business
- Tax on Profit and Gain of Oil, Natural Gas and Other Mineral Deposits
- Special Provisions relating to Banking Business
- Special Provisions related to other Businesses
- Special Provisions Relating to Capital Gain Tax
- Special Provisions Relating to Builders and Developers
- Special Provisions Relating to Small and Medium Enterprises
Chapter- : International
Chapter- : Geographical Source Of Income
Chapter- : Taxation of Foreign-Source Income of Resident
Chapter- : Taxation of Non-Residents
Chapter- : Anti-Avoidance
Chapter- : Assessments
Chapter- : Appeals, References & Alternate Dispute Resolution
Chapter- : Refunds, Additional Payments & Income Tax Refund Bonds

SCHEDULES
First and Second Schedules
Third Schedule
Fourth Schedule
Fifth Schedule
Seventh Schedule
Eighth Schedule
Tenth Schedule
Eleventh Schedule
Fourteenth Schedule
Fifteenth Schedule