Following persons require to submit there income tax returns under Income Tax Ordinance, 2001.

(a) every company;

(ab) every person (other than a company) whose taxable income for the year exceeds the maximum amount that is not chargeable to tax under this Ordinance for the year;
(ac) any non-profit organization as defined in clause (36) of section 2,
(ad) any welfare institution approved under clause (58) of Part I of the Second Schedule;
(ae) every person whose income for the year is subject to final taxation under any provision of this Ordinance;

“company” means —

(i) a company as defined in the Companies Ordinance, 1984 (XLVII of 1984);
(ii) a body corporate formed by or under any law in force in Pakistan;
(iii) a modaraba;
(iv) a body incorporated by or under the law of a country outside Pakistan relating to incorporation of companies;
1[(v) a co-operative society, a finance society or any other society;]

(b) any person not covered by clause 1[(a), (ab), (ac) or (ad)] above who,

(i) charged to tax in any of the two preceding tax years;
(ii) claims a loss carried forward under this Ordinance for a tax year;
(iii) owns immovable property with a land area of [five hundred] square yards or more or owns any flat located in areas falling within the municipal limits existing immediately before the commencement of Local Government laws in the provinces; or areas in a Cantonment; or the Islamabad Capital Territory
(iv) owns immovable property with a land area of five hundred square yards or more located in a rating area;
(v) owns a flat having covered area of two thousand square feet or more located in a rating area;
(vi) owns a motor vehicle having engine capacity above 1000 CC;

(vii) has obtained National Tax Number
(viii) is the holder of commercial or industrial connection of electricity where the amount of annual bill exceeds rupees “five hundred thousand” rupees
(ix) is [a resident person] registered with any chamber of commerce and industry or any trade or business association or any market committee or any professional body including Pakistan Engineering Council, Pakistan Medical and Dental Council, Pakistan Bar Council or any Provincial Bar Council, Institute of Chartered Accountants of Pakistan or Institute of Cost and Management Accountants of Pakistan.
(x) is a resident person being an individual required to file foreign income and assets statement under section 116A.

(1A) Every individual whose income under the head ‘Income from business’

exceeds rupees three hundred thousand but does not exceed rupees [four hundred thousand] in a tax year is also required to furnish return of income from the tax year.