Form 116 Wealth Statement Engine 2019-2027
Draft multi-year net assets, personal expenses, inflows, outflows & Form 116 reconciliation for Tax Years 2019 to 2027 for FBR IRIS filing in Pakistan.
Overview
Draft multi-year net assets, personal expenses, inflows, outflows & Form 116 reconciliation for Tax Years 2019 to 2027 for FBR IRIS filing in Pakistan.
Prepare and reconcile a wealth statement
Organize assets, liabilities, personal expenses and sources of funds before reviewing the Form 116 reconciliation in the interactive workspace.
| Workspace section | Information to prepare |
|---|---|
| Assets in Pakistan and abroad | Property, bank accounts, investments, vehicles, cash and other assets |
| Liabilities | Outstanding loans and other amounts payable |
| Personal expenses | Household costs, utilities, education, travel and other expenses |
| Inflows and outflows | Declared income, remittances, gifts, inheritance and other movements |
| Reconciliation | Opening and closing wealth with supporting records for the difference |
Use the interactive workspace to enter your own records. Review any reconciliation difference before filing.
Official references: FBR Finance Acts · FBR Withholding Tax Rate Cards.
How to use this calculator
How to use the Form 116 Wealth Statement & Reconciliation Engine: Select your target tax year from 2019 to 2027+. Enter your Personal Assets under Codes 7001-7014 (using + Add Detail Row for bank accounts, properties, vehicles, and receivables), Personal Expenses under Codes 7051-7089, and Net Inflows. The real-time reconciliation engine auto-computes Net Assets, Wealth Increase/Decrease, and verifies the Unreconciled Amount u/s 116. Data can be saved as local draft or exported to Excel CSV.
Quick Answer and Process
Draft multi-year net assets, personal expenses, inflows, outflows & Form 116 reconciliation for Tax Years 2019 to 2027 for FBR IRIS filing in Pakistan.
Frequently Asked Questions
Is the Form 116 Wealth Statement Engine 2019-2027 result an official FBR demand?
No. It is an informational estimate based on the selected inputs and available rules. An authority assessment or special facts can change the final liability.
Which tax year and filer status should be selected?
Choose the tax year in which the income or transaction belongs and the taxpayer status that applies on the relevant date.
Can the estimate be used directly in a return or challan?
Use it for planning and cross-checking. Verify the taxable base, exemptions, credits, and current law before submitting a return, statement, or payment challan.
Tax Year and Sources
Check the selected tax year and applicable legal provisions before relying on an estimate. Consult the official FBR publications for enacted changes, exemptions and current rates. FBR Finance Acts · FBR Withholding Tax Rate Cards.
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About AM Tax and Corporate Hub
This calculator is an informational planning tool maintained by AM Tax and Corporate Hub and does not replace an FBR assessment or professional review.
Office address: Office no 7, Kashif Mobile Market, Trolly Adda, near Khana Pull, Rawalpindi. Phone and WhatsApp: +92 327 0444011. Email: info@amtaxhub.com.
Confirm the applicable rules, source publication dates and current requirements before relying on this information.