ISLAMABAD: The Federal Board of Revenue (FBR) on Monday issued draft paper income tax return form for tax year 2021.
The FBR issued SRO 1022(I)/2021 to notify the draft income tax return forms.
The revenue body invited objection or suggestions within seven days from date of issuance of the SRO. “Objections or suggestions, which may be received from any person in respect of the said draft, before the expiry of the aforesaid period, shall be considered by the Federal Board of Revenue.”
The FBR issued the draft income tax returns for individuals driving income other than salary.
The draft paper income tax return form has been issued as one and half months left for the last date i.e. September 30, 2021.
Tax experts said that the FBR has already notified electronic income tax return form for taxpayers including salaried persons, business individuals, association of persons and companies. The return forms were issued through SRO 853(I)/2021 dated July 01, 2021.
The experts said that the FBR had given statutory time of three months for the return filing on the forms issued on July 01, 2021. However, the latest draft return forms would be finalized after considerable time and then the statutory last date for filing the paper return forms would be start on issuance of the forms.