ACKNOWLEDGEMENT SLIP

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

Name: MUHAMMAD FAROOQ Registration No 1610117993881

Address: Mall, Road, House no 108 cb, Mardan, Mardan. Tax Year : 2023
Period : 01-Jul-2022 - 30-Jun-2023
Medium :
Contact No: 00923154296000 Due Date : 31-Oct-2023

Document Date 08-Jul-2024

Description Code Amount

Net Assets Current Year 703001 17,707,761
Refundable Income Tax 9210 45,639
Tax Chargeable 9200 39,813
Taxable Income 9100 1,038,501
Total Income 9000 1,038,501
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 FAROOQ Registration No 1610117993881

Address: Mall, Road, House no 108 cb, Mardan, Mardan. Tax Year : 2023
Period : 01-Jul-2022 - 30-Jun-2023
Medium :
Contact No: 00923154296000 Due Date : 31-Oct-2023

Document Date 08-Jul-2024

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 1,038,501 0 1,038,501
Net Revenue (excluding Sales Tax, Federal Excise,
3029 2,387,600 0 2,387,600
Brokerage, Commission, Discount, Freight Outward)
Gross Revenue (excluding Sales Tax, Federal Excise) 3009 2,387,600 0 2,387,600
Cost of Sales / Services 3030 1,593,963 0 1,593,963
Net Purchases (excluding Sales Tax, Federal Excise) 3059 1,564,780 0 1,564,780
Repair / Maintenance 3077 21,093 0 21,093
Other Direct Expenses 3083 8,090 0 8,090
Gross Profit / (Loss) 3100 793,637 0 793,637
Other Revenues
Amount
Exempt from Amount
Description Code Total Amount Tax / Subject Subject to
to Fixed / Normal Tax
Final Tax
Other Revenues 3129 527,803 0 527,803
Fee for Technical / Professional Services 3101 527,803 0 527,803
Management, Administrative, Selling & Financial Expenses
Amount
Exempt from Amount
Description Code Total Amount Tax / Subject Subject to
to Fixed / Normal Tax
Final Tax
Management, Administrative, Selling & Financial Expenses 3199 282,939 0 282,939
Rent 3151 60,000 0 60,000
Salaries / Wages / Perquisites / Benefits 3154 54,300 0 54,300
Communication 3162 9,870 0 9,870
Stationery / Printing / Photocopies / Office Supplies 3166 879 0 879
Other Indirect Expenses 3180 45,890 0 45,890

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

Name: MUHAMMAD FAROOQ Registration No 1610117993881

Address: Mall, Road, House no 108 cb, Mardan, Mardan. Tax Year : 2023
Period : 01-Jul-2022 - 30-Jun-2023
Medium :
Contact No: 00923154296000 Due Date : 31-Oct-2023

Document Date 08-Jul-2024

Management, Administrative, Selling & Financial Expenses

Amount
Exempt from Amount
Description Code Total Amount Tax / Subject Subject to
to Fixed / Normal Tax
Final Tax
Obsolete Stocks / Stores / Spares / Fixed Assets Written
3187 112,000 0 112,000
off
Accounting Profit / (Loss) 3200 1,038,501 0 1,038,501
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 1,038,501
for current / previous years
Business Assets / Equity / Liabilities
Description Code Amount
Total Assets 3349 3,049,000 0
Plant / Machinery / Equipment / Furniture (including
3303 500,000 0
fittings)
Stocks / Stores / Spares 3315 1,250,900 0
Cash / Cash Equivalents 3319 1,298,100 0
Total Equity / Liabilities 3399 3,049,000 0
Capital 3352 3,049,000 0

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

Name: MUHAMMAD FAROOQ Registration No 1610117993881

Address: Mall, Road, House no 108 cb, Mardan, Mardan. Tax Year : 2023
Period : 01-Jul-2022 - 30-Jun-2023
Medium :
Contact No: 00923154296000 Due Date : 31-Oct-2023

Document Date 08-Jul-2024

Agriculture
Amount
Exempt from Amount
Description Code Total Amount Tax / Subject Subject to
to Fixed / Normal Tax
Final Tax
Agriculture Income 6100 1,439,000 1,439,000 0
Agricultural Income Tax Paid to Province(s) 9291 12,000 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
Adjustable Tax
Receipts / Tax Collected Tax
Description Code
Value / Deducted Chargeable
Adjustable Tax 640000 0 85,452 0
Payment for Goods u/s 153(1)(a) @4.5% 64060009 0 85,452 0
Capital Assets
Cost /
Fair Market
Description Code Declared
Value
Value
Total value of capital assets taxable under section 7E 7107 0 0 0
Final / Fixed / Minimum / Average / Relevant / Reduced Tax
Receipts / Tax Collected Tax
Description Code
Value / Deducted Chargeable
Final / Fixed / Minimum / Average / Relevant / Reduced
640001 0 0 0
Tax
Capital Gains on Immovable Property u/s 37(1A) where
64220059 0 0
holding period exceeds 1 year but does not exceed 2 years
Capital Gains on Immovable Property u/s 37(1A) where
holding period exceeds 2 years but does not exceed 3 64330058 0 0
years
Capital Gains on Immovable Property u/s 37(1A) where
holding period exceeds 3 years but does not exceed 4 64330059 0 0
years

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

Name: MUHAMMAD FAROOQ Registration No 1610117993881

Address: Mall, Road, House no 108 cb, Mardan, Mardan. Tax Year : 2023
Period : 01-Jul-2022 - 30-Jun-2023
Medium :
Contact No: 00923154296000 Due Date : 31-Oct-2023

Document Date 08-Jul-2024

Final / Fixed / Minimum / Average / Relevant / Reduced Tax

Receipts / Tax Collected Tax
Description Code
Value / Deducted Chargeable
Capital Gains on Immovable Property u/s 37(1A) where
holding period exceeds 5 years but does not exceed 6 64330064 0 0
years
Capital Gains on Immovable Property u/s 37(1A) where
64330065 0 0
holding period exceeds 6 years
Computations
Amount
Exempt from Amount
Description Code Total Amount Tax / Subject Subject to
to Fixed / Normal Tax
Final Tax
Income / (Loss) from Business 3000 1,038,501 0 1,038,501
Agriculture Income 6100 1,439,000 1,439,000 0
Total Income 9000 0 0 1,038,501
Taxable Income 9100 0 0 1,038,501
Tax Chargeable 9200 0 0 39,813
Normal Income Tax 920000 0 0 39,813
Refund Adjustment of Other Year(s) against Demand of
92101 0 0 0
this Year
Withholding Income Tax 9201 0 85,452
Refundable Income Tax 9210 0 0 45,639

Personal Expenses
Description Code Amount
Personal Expenses 7089 654,640 0 0
Travelling 7056 21,980 0
Electricity 7058 87,690 0
Water 7059 9,880 0
Gas 7060 19,870 0
Medical 7070 18,760 0
Functions / Gatherings 7073 19,870 0

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Personal Expenses
Description Code Amount
Other Personal / Household Expenses 7087 476,590 0
Personal Assets / Liabilities
Description Code Amount
Agricultural Property 7001 8,340,000 0 0
Agricultural Property - Mardan - Agriculture land
3 Jeerab 7001 8,340,000 0 0
Inherited
Business Capital 7003 3,049,000 0 0
Business Capital - Mardan Solar System 50% share 7003 3,049,000 0 0
Precious Possession 7009 4,000,000 0 0
Precious Possession - jewllery - Gold 18 tolas 7009 4,000,000 0 0
Household Effect 7010 459,000 0
Personal Item 7011 40,000 0
Cash (Non-Business) 7012 1,819,761 0
Total Assets inside Pakistan 7015 17,707,761 0 0
Total Assets 7019 17,707,761 0 0
Net Assets Current Year 703001 17,707,761 0 0
Reconciliation of Net Assets
Description Code Amount
Net Assets Current Year 703001 17,707,761 0 0
Net Assets Previous Year 703002 17,323,900 0
Increase / Decrease in Assets 703003 383,861 0 0
Inflows 7049 1,038,501 0 0
Income Declared as per Return for the year subject to
7031 1,038,501 0
Normal Tax
Outflows 7099 654,640 0 0
Personal Expenses 7089 654,640 0 0
Unreconciled Amount 703000 0 0 0

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