12/07/2026
๐ข Important Reminder โ Income Tax Return Filing (Tax Year 2026)
Dear Valued Client,
The Income Tax Return filing season for Tax Year 2026 has begun. We encourage you to start preparing your documents early to avoid delays and ensure timely compliance.
Key Updates:
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Enhanced documentation requirements under SRO 835 require taxpayers to provide more detailed information and supporting documents.
Consequences of Non-Compliance: โข Failure to file an Income Tax Return may result in a penalty of Rs. 10,000. โข Failure to file a Wealth Statement may result in a penalty of up to Rs. 100,000. โข Non-filers lose Active Taxpayer List (ATL) status and become subject to higher withholding tax rates. โข Late filers may be required to pay an increased surcharge to restore ATL status.
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Expected Filing Deadline: 30 September 2026 (subject to any extension announced by FBR).
To ensure smooth and timely filing, please share your financial information and supporting documents as early as possible.
Negotium Tax & Accountancy Services
๐ 0331-5293138
๐ง [email protected]
๐ www.negtam.com