KTBA refuses comments on draft return forms on given format

KARACHI: Karachi Tax Bar Association (KTBA) has refused the Federal Board of Revenue (FBR) for giving comments on draft return form for tax year 2019 as the present format of the draft form was not appropriate for checking.

The FBR issued draft return forms for individuals and Association of Persons (AOPs) through SRO 951(I)/2019 dated August 23, 2019 and it asked stakeholders to provide feedback within seven days in order to finalize the return forms.

“The forms of returns of income are in pdf format and therefore, it is not possible to check as to whether row and columns of the return forms are in consonance with the provisions of the Income Tax Ordinance, 2001 as applicable to the tax year 2019,” the KTBA said in its letter to the FBR chairman sent on Wednesday.

Unless these forms are provided in offline/demo mode along with the formulas or at least in Excel format, the members of the bar are not in position to provide any feedback / comments.

The KTBA asked the FBR to provide these forms in offline/demo along with the formulas or in excel format in order to evaluate the forms and provide FBR with feedback/comments.

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