Income Tax Ordinance, 2001 — Section 118: Method of furnishing returns and other documents

118. Method of furnishing returns and other documents. — (1) A return of income under section 114, 1[ ] 2[ ] 3[,] a wealth statement under section 116 4[or a foreign income and assets statement under 116A, if applicable] shall be furnished in the prescribed manner.

(2)A return of income 5[under section 114 6[ ] ] of a company shall be furnished

(a)in the case of a company with a tax year ending any time between the first day of January and the thirtieth day of June, on or before the thirty-first day of December next following the end of the tax year to which the return relates; or

(b)in any other case, on or before the thirtieth day of September next following the end of the tax year to which the return relates. Chapter X – Procedure 1[“Provided that the Board may amend the condition specified in this sub-section or direct that the said condition shall not apply for a tax year.”;] 2[ * ] 3[(3) A return of income for any person (other than a company) 4[ ] 5[ ] shall be furnished as per the following schedule, namely: 6[(a) in the case of 7[ ] a return required to be filed through e-portal in the case of a salaried individual, on or before the 8[30th day of September] next following the end of the tax year to which the statement or return relates; or]

(b)in the case of a return of income for any person (other than a company), as described under clause (a), on or before the 30th day of September next following the end of the tax year to which the return relates.]

(4)A wealth statement shall be furnished by the due date specified in the notice requiring the person to furnish such statement or, where the person is required to furnish the wealth statement for a tax year under sub-section (2) of section 116, by the due date for furnishing the return of income for that year. 1 Substituted by Finance Act, 2015 2 Inserted by the S.R.O. 791(I)/2015 dated 10.08.2015. “ *Notification In exercise of the powers conferred by the proviso to sub-section (2A) of section 118 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government is pleased to direct that all individuals earning taxable salary income shall be liable to file their Income Tax returns electronically from Tax Year 2015 onwards. The condition of five hundred thousand rupees or more, as provided in the said sub-section shall not be applicable until further orders.”] 3 Sub-section (3) substituted by the Finance Act, 2010. The substituted sub-section (3) read as follows: “(3) A return of income for any person (other than a company), an employer certificate of an individual or a statement required under sub-section (4) of section 115 shall be furnished on or before the thirtieth day of September next following the end of the tax year to which the return, certificate or statement relates.” 4 The words and comma “an Annual Statement of deduction of income tax from salary, filed by the employer of an individual” omitted by the Finance Act, 2013. 5 The expressions “or a statement required under sub-section (4) of section 115” omitted through Finance Act, 2020 dated 30th June, 2020 6 Clause (a) substituted by the Finance Act, 2013. The substituted clause (a) read as follows: “(a) in the case of an Annual statement of deduction of income tax from salary, filed by the employer of an individual, return of income through e-portal in the case of a salaried person or a statement required under sub-section (4) of section 115, on or before the 31st day of August next following the end of the tax year to which the return, Annual Statement of deduction of income tax from salary, filed by the employer or statement relates.” 7 The expression “a statement required under sub-section (4) of section 115 or” omitted through Finance Act, 2020 dated 30th June, 2020 8 The expression “31stday of August” substituted through Finance Act, 2019. 239 Chapter X – Procedure

(5)A return required to be furnished by a notice issued under section 117 shall be furnished by the due date specified in the notice.

(6)Where a taxpayer is not borne on the National Tax Number Register and fails to file an application in the prescribed form and manner with the taxpayer’s return of income 1[ ], such return 2[ ] shall not be treated as a return 3[ ] furnished under this section.