ASSET DECLARATION
In Pakistan, filing a Wealth Statement (Form 116) alongside your income tax return is a mandatory legal requirement for resident individuals. At Chartered Associates, we specialize in the meticulous documentation of your local and foreign assets, liabilities, and personal expenses. We handle the technical data configuration on the FBR Iris portal so your net wealth reconciles perfectly with your declared income, keeping you completely secure from regulatory discrepancies.
- Flawless Asset Matching: Every asset purchased or sold during the tax year is precisely logged to show a transparent audit trail.
- 100% Data Confidentiality: Your sensitive financial records, banking statements, and property holdings are managed under strict privacy protocols.
- Strategic Discrepancy Fixes: We review your previous years' histories to correct old filing errors before they trigger systemic red flags.
- Complete Reconciliation: Total alignment between your standard of living expenses, active inflows, and final net wealth valuation.
FINANCIAL COMPLIANCE
An incorrectly declared wealth statement is one of the leading reasons taxpayers face sudden audit selections and heavy penalty notices. At Chartered Associates, we treat asset declaration with high corporate precision rather than a casual administrative chore. By carefully computing your personal expenditures against your verifiable inflows, we construct an immutable financial record on the FBR Iris system. This defensive planning ensures that your accumulated wealth is fully justified and compliant with the Income Tax Ordinance.
Asset & Liability Valuation
Get a pristine declaration of all your personal properties, vehicle ownerships, domestic investments, and cash balances. We ensure every item is valued strictly according to FBR guidelines to prevent future misvaluations.
Personal Expense Calculation
Avoid arbitrary estimates that attract unwanted tax notices. We help you realistically tabulate your annual household expenditures, utilities, travel costs, and insurance premiums to reflect a balanced financial lifestyle.
Gift & Inheritance Documentation
Legally declare assets received through family gifts, inheritances, or foreign remittances. Our consultants draft the necessary legal paper trails to ensure these inflows are accepted seamlessly by tax authorities.
Reconciliation Statement (Annex-F)
The final, critical step where your current net wealth is compared mathematically against the prior year. We balance this mathematical equation perfectly to guarantee zero un-reconciled amounts on your account.
What Clients Say About Us
Chartered Associates is the best tax consultant in Lahore. Their expertise and professionalism are unmatched. I highly recommend their services!
Highly recommended
I’ve recently used their tax return service I must say they are very professional
No hidden charges or miscommunication.
Wonderful and expert team , truly professional group of people and with good work ethics
Chartered associates is one of the best accounting firms. Very skilled and knowledgeable team. I’m very satisfied with their services and consultancy.
Excellent experience
The most convenient service at the most affordable rate. Just felt so easy because they shared my burden and helped me 100% in filing my tax return without even asking me to visit their office once. Total hassle free. Very responsible behavior. Highly recommended
Highly Recommended!
Chartered Associates handled my case and helped me become a filer. They were extremely professional, calm, and guided me thoroughly throughout the process. They made sure I understood everything clearly, which made the whole experience stress-free. I highly recommend their services for anyone looking for expert tax consultancy.
Prompt, efficient and helpful service. I found their ad on Google and within a day or two they helped me solve my problem, all remotely, from the comfort of my home. Thank you for great service!