ACKNOWLEDGEMENT SLIP

114(1) (Return of Income filed voluntarily for complete year)

Name: MUHAMMAD BILAL Registration 3410126079793

Address: GALA MEHAR NOOR WALA BEHIND KHAN MOHAL Tax Year : 2020
CINEMA Period : 01-Jul-2019 - 30-Jun-2020
Medium : Online
Contact No: Due Date : 30-Sep-2020

Document 16-Dec-2020

Description Code Amount

Net Assets Current Year 703001 8,008,333
Refundable Income Tax 9210 1,950
Tax Chargeable 9200 32,500
Taxable Income 9100 825,000
Total Income 9000 825,000
This is not a valid evidence of being a "filer" for the purposes of clauses (23A) and (35C) of sections 2 and 181A.

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 114(1) (Return of Income filed voluntarily for complete year)

Name: MUHAMMAD BILAL Registration 3410126079793

Address: GALA MEHAR NOOR WALA BEHIND KHAN MOHAL Tax Year : 2020
CINEMA Period : 01-Jul-2019 - 30-Jun-2020
Medium : Online
Contact No: Due Date : 30-Sep-2020

Document 16-Dec-2020

Manufacturing / Trading Items

Amount
Exempt from Amount
Description Code Total Amount Tax / Subject Subject to
to Fixed / Normal Tax
Final Tax
Income / (Loss) from Business 3000 825,000 0 825,000
Net Revenue (excluding Sales Tax, Federal Excise,
3029 825,000 0 825,000
Brokerage, Commission, Discount, Freight Outward)
Gross Revenue (excluding Sales Tax, Federal Excise) 3009 825,000 0 825,000
Gross Profit / (Loss) 3100 825,000 0 825,000
Management, Administrative, Selling & Financial Expenses
Amount
Exempt from Amount
Description Code Total Amount Tax / Subject Subject to
to Fixed / Normal Tax
Final Tax
Accounting Profit / (Loss) 3200 825,000 0 825,000
Inadmissible / Admissible Deductions
Amount
Exempt from Amount
Description Code Total Amount Tax / Subject Subject to
to Fixed / Normal Tax
Final Tax
Tax Amortization for Current Year 3247 0 0 0
Tax Depreciation / Initial Allowance for Current Year 3248 0 0 0
Adjustments
Amount
Exempt from Amount
Description Code Total Amount Tax / Subject Subject to
to Fixed / Normal Tax
Final Tax
Income / (Loss) from Business before adjustment of
Admissible Depreciation / Initial Allowance / Amortization 3270 0 0 825,000
for current / previous years
Business Assets / Equity / Liabilities
Description Code Amount
Total Equity / Liabilities 3399 3,500,000 0

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 114(1) (Return of Income filed voluntarily for complete year)

Name: MUHAMMAD BILAL Registration 3410126079793

Address: GALA MEHAR NOOR WALA BEHIND KHAN MOHAL Tax Year : 2020
CINEMA Period : 01-Jul-2019 - 30-Jun-2020
Medium : Online
Contact No: Due Date : 30-Sep-2020

Document 16-Dec-2020

Business Assets / Equity / Liabilities

Description Code Amount
Capital 3352 3,500,000 0
Tax Reductions
Tax
Description Code Total Amount Tax Reducted
Chargeable
Tax Reduction on Tax Charged on Behbood Certificates
930101 0 0 0
/ Pensioner's Benefit Account in excess of applicable rate
Final / Fixed / Minimum / Average / Relevant / Reduced Tax
Receipts / Tax Collected Tax
Description Code
Value / Deducted Chargeable
Final / Fixed / Minimum / Average / Relevant / Reduced
640001 106,772 9,450 0
Tax
Electricity Bill of Industrial Consumer u/s 235 64140052 106,772 9,450 0
Electricity Bill of Industrial Consumer u/s 235 -
64140052 106,772 9,450 0
24121330348500 - .
Capital Gains on Immovable Property u/s 37(1A) 64220050 0 0
Computations
Amount
Exempt from Amount
Description Code Total Amount Tax / Subject Subject to
to Fixed / Normal Tax
Final Tax
Income / (Loss) from Business 3000 825,000 0 825,000
Total Income 9000 0 0 825,000
Taxable Income 9100 0 0 825,000
Tax Chargeable 9200 0 0 32,500
Normal Income Tax 920000 0 0 32,500
Withholding Income Tax 9201 0 9,450
Admitted Income Tax 9203 0 25,000
Refundable Income Tax 9210 0 0 1,950

Personal Expenses
Description Code Amount
Personal Expenses 7089 550,000 0 0
Other Personal / Household Expenses 7087 550,000 0

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Personal Assets / Liabilities
Description Code Amount
Commercial, Industrial, Residential Property (Non-
7002 2,733,333 0 0
Business)
Commercial, Industrial, Residential Property (Non-
Business) - 21 Marla - Umer Colony Sheikhupura Road 7002 2,733,333 0 0
Gujranwala
Business Capital 7003 3,500,000 0 0
Business Capital - CHOUDHARY ENTERPRISES SCRAP
7003 3,500,000 0 0
DEALER
Equipment (Non-Business) 7004 1,000,000 0
Cash (Non-Business) 7012 475,000 0
Any Other Asset 7013 300,000 0 0
Any Other Asset - 25 TOLA GOLD ORNAMENTS WITH
7013 0 0 0
WIFE AT THE TIME OF MARRIAGE
Any Other Asset - FURNITURE FIXTURE AT THE TIME
7013 300,000 0 0
OF MARRIAGE
Total Assets inside Pakistan 7015 8,008,333 0 0
Total Assets 7019 8,008,333 0 0
Reconciliation of Net Assets
Description Code Amount
Net Assets Current Year 703001 8,008,333 0 0
Net Assets Previous Year 703002 7,733,333 0
Increase / Decrease in Assets 703003 275,000 0 0
Inflows 7049 825,000 0 0
Income Declared as per Return for the year subject to
7031 825,000 0
Normal Tax
Outflows 7099 550,000 0 0
Personal Expenses 7089 550,000 0 0
Unreconciled Amount 703000 0 0 0

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