ISLAMABAD: Federal Board of Revenue (FBR) on Thursday launched video tutorial for claiming income tax refund, which is paid as excess amount or paid as withholding tax.
The FBR issued the tutorial in order to facilitate compliant taxpayers who paid additional amount of tax as withholding while making various types of transactions.
There are number of withholding tax provisions where the deducted amount is adjustable. However, in case amount of tax in annual return form is already paid than the adjustable amount can be claimed as refund.
However, in order to claim the refund a taxpayer needs to provide evidence of challans of withholding tax deduction such as bank certificates, withholding statements of tax deducted by phone companies, car purchase or immovable properties.
The FBR in the tutorial explained step by step procedure for claiming refunds of past years as well.