Filing Income Tax and Sales Tax Returns in AJK

This article outlines the process for filing income tax and sales tax returns with a specific look at the current filing methods in Azad Jammu & Kashmir (AJK).

Types of Tax Returns:

  • Income Tax Return: Individuals and companies must declare their annual income.
  • Sales Tax Return: Businesses must report their monthly sales and tax collected.
  • Statement of Withholding Tax: A document detailing withheld tax on various transactions (currently submitted manually).

Filing Methods:

  • Income Tax Return: Both online and manual filing are available.
  • Sales Tax Return: Currently, manual filing is available.
  • Statement of Holding Tax: Presently requires manual submission.

Payment Process:

  • Sales Tax Return: Tax liability can be paid online after filing the return.
  • Income Tax Return: Challan (payment slip) needs to be deposited at the National Bank if there’s any liability.

AJK Considerations:

While the general filing process applies to AJK, it’s crucial to check for any specific AJK tax department guidelines or updates.

Additional Notes:

  • The article acknowledges potential changes in filing methods for withholding tax statements.
  • It emphasizes the importance of understanding challan types and payment procedures.

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