KARACHI: Federal Board of Revenue (FBR) on Sunday urged people to file their annual returns on the basis of information, which is already possessed by the revenue authority.
The FBR said that it had information of those people who had made transactions and paid withholding taxes. These information are included: bank accounts, assets, foreign travels, payment for utility bills etc.
The revenue body advised people to check their transactions on information portal of the FBR and file their annual returns by mid-night of September 30, 2019 in order to avoid penal action.
The FBR officials said that the information had been obtained from withholding agents and fed into the main database of the revenue body.
They said that several transactions made by persons including immovable property purchase of certain covered area, motor vehicles above 1,000 CC etc are required to file annual income tax returns.
In case those persons, whose information already with the FBR, have failed to file their returns then the tax officials would initiate legal proceedings and mandatory return filing.
The FBR said that the persons who want to know their transactions on the FBR portal then they should visit the FBR website and create an account to login and fetch information.
The FBR warned people to file their income tax returns as the last date for tax year 2019 is September 30, 2019. Otherwise the FBR will take stern action against non-compliant persons.
