Karachi, September 2, 2025 – The Federal Board of Revenue (FBR) has made it clear that return filing for the tax year 2025 is mandatory for individuals whose annual income from business exceeds Rs350,000. This requirement falls under Section 114 of the Income Tax Ordinance, 2001, which governs income tax return procedures in Pakistan. Key Requirement for Business Income Subsection (1A) of Section 114 explains that any individual earning between Rs300,000 and Rs400,000 annually under the head “Income from Business” must submit a return of income. This ensures proper documentation of earnings and compliance with national tax laws. Who Else Must File a Return? Apart from small business owners, Subsection (1) of Section 114 outlines other categories of taxpayers who are required to file returns, including: • Companies and non-profit organizations. • Any person whose taxable income exceeds the maximum non-taxable limit. • Individuals subject to final taxation under any provision of the law. • Persons who have been charged tax in any of the previous two years. • Individuals claiming loss…