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Advance Professional Development Program Karachi Tax Bar Association

CHARTERED ACCOUNTANTS. Advance Professional Development Program Karachi Tax Bar Association. Iris. Contact Address :. 4 th Floor, Central Hotel Building Civil Lines, Mereweather Road Karachi - Pakistan Phone: 021 - 35644872-7 Fax: 021 - 35694573 E-mail: mim@mimandco.com.

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Advance Professional Development Program Karachi Tax Bar Association

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  1. CHARTERED ACCOUNTANTS Advance Professional Development Program Karachi Tax Bar Association Iris Contact Address: 4th Floor, Central Hotel Building Civil Lines, Mereweather Road Karachi - Pakistan Phone: 021 - 35644872-7 Fax: 021 - 35694573 E-mail: mim@mimandco.com Presented by: M. REHAN SIDDIQUIPARTNER

  2. Iris Withholding Statements

  3. Excel File On 2010 Format

  4. Points To Be Noted • Dashes are not acceptable on IRIS • Last Digit of NTN is not acceptable • NTN starts from “0” shall be written in Text format so that they shall not disappear after validation • After Validation select All CNIC and NTN then, select Number format, in this way NTN wont show in forms like 421.1 + 120 etc. etc. • Be Careful while selecting Month at the Time of creating Challan (PSID) • Iris wont show each CPR in every month. Iris will show those CPR against a month that are created for the same.

  5. After Login Select Withholding Tax….>165(1) Statement Of Withholding Taxes

  6. Select Period

  7. Choose File And Import

  8. After Importing Following Steps Shall Be Considered • Click Calculate • Click Validate • Identify invalid entries • Carefully determine why entries are invalid • Main reasons of invalidation could be • Wrong payment section • You must know difference between rates for companies and Individual/AOP

  9. After Importing Following Steps Shall Be Considered • Go to Data tab and select computation • Click calculate, it will show amount of tax determined by IRIS system • Go to payments and select CPR no carefully • The amount of tax determined by IRIS must equals amount of your CPR’s • Difference between two could be due to invalid entries of short deduction of taxes

  10. Iris Determined Tax

  11. Select Payments

  12. Verification

  13. Finalization • Once you have acknowledged that amount debuted and collected equals the amount determined by IRIS you are ready to submit the statement • Remember that before submission your last click must be calculate rather than validate. • Once submitted, go to Complete task…> Withholding Tax…>Select statement submitted and print acknowledgement

  14. THANK YOU

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