Only return filers allowed to claim income tax refunds

Only return filers allowed to claim income tax refunds

KARACHI: Only those taxpayers have been allowed to claim income tax refunds, who filed their income tax returns electronically, officials at Federal Board of Revenue (FBR) said.

Refund can be only claimed if the person has filed their income tax return electronically.

A manual Return does not entitle you to a refund, the officials said.

The refund amount should be clearly reflected in the taxpayers’ income tax returns filed on FBR’s portal i.e. Iris.

Refund resulting from the income tax return can be claimed by filing a separate application in Iris.

To check the status of application, the taxpayers can visit relevant Regional Tax Office (RTO).

The refund can also be claimed later on after submitting the income tax return, but within two years from the date of filling of return (date of assessment) or from the date on which the tax was paid, whichever is later.

However, persons filing tax return for tax year after the specified due date will not be entitled to refund during the period the person is not included in ATL and income tax authorities will not incur any liability of compensation for delayed refund for the period the person is not appearing in ATL and such period shall not be counted for the purpose of computing additional payment for delayed refund.