Are you an NTN holder residing in Azad Jammu & Kashmir (AJK)? If you have a salary, business income, or own property, filing your annual tax return with the AJK Inland Revenue Department (AJKIRD) is crucial. Here’s a comprehensive guide to ensure you meet the deadline and comply with regulations.
Who Needs to File?
- Any individual with an NTN (National Tax Number) residing in AJK.
- Individuals with salary income, business income, or property ownership.
Filing Deadlines and Methods:
- Deadline: September 30th of each year.
- Filing Methods:
- Manual: Submit paper forms at designated AJKIRD offices.
- Online: Use the IRIS online portal for convenient and secure filing.
Tax Payment:
- Payment Options:
- Pay taxes due at the time of filing.
- Already deducted at source through withholding tax.
- Ensure timely payment to avoid penalties and legal consequences.
Required Documents:
- For Salary Income:
- Bank statements reflecting salary credits.
- Salary slips or income proofs.
- For Business Income:
- Business financial statements (including income and expense records).
- Investment statements.
- For Property Ownership:
- Property ownership documents.
- Details of any rental income received.
- Additional Documents:
- Statements for any other assets held in your name.
- Details of any gifts received.
Remember:
- Filing accurate and timely tax returns is your civic duty and ensures fair contribution to AJK’s development.
- Consult a tax advisor for personalized guidance, especially if your income or assets are complex.
- Stay updated on any changes to AJKIRD regulations and deadlines.
Additional Tips:
- Start gathering your documents well before the deadline to avoid last-minute stress.
- Utilize the online filing option for its convenience and efficiency.
- Keep copies of all filed documents and payment receipts for your records.
By following these guidelines and fulfilling your tax obligations, you can contribute to a more transparent and equitable financial system in AJK. Remember, timely and accurate tax filing benefits both individuals and the community as a whole.
