Pkrevenue.com

Tag: Federal Board of Revenue

The Federal Board of Revenue is Pakistan’s apex tax agency, overseeing tax collection and policies. Pakistan Revenue is committed to providing timely updates on the Federal Board of Revenue to its readers.

  • FBR issues computation of taxable income for tax year 2020

    FBR issues computation of taxable income for tax year 2020

    KARACHI: Federal Board of Revenue (FBR) has issued computation of taxable income for the tax year 2020 (July 01, 2019 to June 30, 2020).

    The FBR issued Income Tax Ordinance, 2001 updated till June 30, 2019 under which the computation of taxable income for tax year 2020 has also been updated.

    According to Section 09 of the Ordinance, the taxable income of a person for a tax year shall be the total income under clause (a) of section 10 of the person for the year reduced (but not below zero) by the total of any deductible allowances under Part IX of this Chapter of the person for the year.

    Section 10: Total Income

    The total income of a person for a tax year shall be the sum of the –

    (a) person’s income under all heads of income for the year; and

    (b) person’s income exempt from tax under any of the provisions of this Ordinance.

    Section 11: Heads of income

    (1) For the purposes of the imposition of tax and the computation of total income, all income shall be classified under the following heads, namely: —

    (a) Salary;

    (b) Income from Property;

    (c) Income from Business;

    (d) Capital Gains; and

    (e) Income from Other Sources.

    (2) Subject to this Ordinance, the income of a person under a head of income for a tax year shall be the total of the amounts derived by the person in that year that are chargeable to tax under the head as reduced by the total deductions, if any, allowed under this Ordinance to the person for the year under that head.

    (3) Subject to this Ordinance, where the total deductions allowed under this Ordinance to a person for a tax year under a head of income exceed the total of the amounts derived by the person in that year that are chargeable to tax under that head, the person shall be treated as sustaining a loss for that head for that year of an amount equal to the excess.

    (4) A loss for a head of income for a tax year shall be dealt with in accordance with Part VIII of this Chapter.

    (5) The income of a resident person under a head of income shall be computed by taking into account amounts that are Pakistan-source income and amounts that are foreign-source income.

    (6) The income of a non-resident person under a head of income shall be computed by taking into account only amounts that are Pakistan-source income.

  • FBR promotes 75 data entry operators to MIS officers

    FBR promotes 75 data entry operators to MIS officers

    ISLAMABAD: Federal Board of Revenue (FBR) on Thursday promoted 75 Data Entry Operator (DEOs) BS-12 to the post of Management of Information System (MIS) Officer BS-16 on regular basis with immediate effect and until further orders.

    The FBR has promoted top 75 senior DEOs, who were waiting for their promotions for a long time.

    Following is the list of promoted DEOs to the post of MIS Officers:

    Name and place of posting

    01. Abdul Hamid Khan, Large Taxpayers Unit (LTU), Lahore

    02. Muhammad Amin S/o Bashir Ahmad, Data Processing Center (DPC) Income Tax, Lahore.

    03. Aslam Javed Butt, DPC, Income Tax, Karachi.

    04. Muhammad Ismail S/o Ghulam Gilani, DPC, Income Tax, Karachi.

    05. Syed Junaid Saeed, DPC, Income Tax, Karachi.

    06. Tahir Hussain Khan, DPC, Income Tax, Karachi.

    07. Syed Tariq Ali, DPC, Income Tax, Rawalpindi.

    08. Khalid Mehmood Awan, DPC, Income Tax, Rawalpindi

    09. Tahir Ali, DPC, Income Tax, Karachi.

    10. Sabir Hussain Lashari, Regional Tax Office (RTO) Hyderabad.

    11. Raheela Baloch, RTO Hyderabad.

    12. Muhammad Iqbal S/o Muhammad Ishaq (late) DPC, Income Tax, Karachi.

    13. Idrees Ahmed, DPC, Income Tax, Lahore.

    14. Parvez H Rizvi, DPC, Income Tax, Karachi.

    15. Kamal Haider, DPC, Income Tax, Karachi.

    16. S. Shafaat Hussain Naqvi, DPC, Income Tax, Multan.

    17. Muhammad Mashkoor Khan, LTU Karachi.

    18. S. M. Sharique, DPC, Income Tax, Karachi.

    19. Kafil Ahmed Jamali, DPC, Income Tax, Karachi.

    20. Shagufta Naz, Chief Coordinator Computer Wing, Income Tax, Islamabad.

    21. Farida Essa, Directorate of Internal Audit (Inland Revenue), Islamabad.

    22. Kauser Parveen, DPC, Income Tax, Karachi.

    23. Muhammad Saleem, DPC, Income Tax, Karachi.

    24. Mansoor Ahmed, DPC, Income Tax, Karachi.

    25. Nadeem Yousuf Zai, DPC, Income Tax, Karachi.

    26. Shahzad Saleem, RTO-II, Karachi.

    27. Iffat Irfani, DPC, Income Tax, Karachi.

    28. Nasir Khan Baloch, DPC, Income Tax, Karachi.

    29. Muhammad Saeed Hussain Shah, DPC, Income Tax, Rawalpindi.

    30. Riaz Ahmed, DPC, Income Tax, Rawalpindi.

    31. Muhammad Iqbal, RTO, Faisalabad.

    32. Saqib Ahmed Siddiqui, DPC, Income Tax, Peshawar.

    33. Zafar Iqbal, DPC, Income Tax, Peshawar.

    34. Ashraf Sohaib, RTO-II, Karachi.

    35. Raheela Hakim, DPC, Income Tax, Karachi.

    36. Shabbir Hussain, RTO, Faisalabad.

    37. Saeed Tahir, DPC, Income Tax, Rawalpindi.

    38. Muhammad Aslam, DPC, Income Tax, Rawalpindi.

    39. Muhammad Rashid Bhatti, RTO-II Lahore.

    40. Nadeem Ul Hasan, Directorate of Intelligence and Investigation, Inland Revenue, Karachi.

    41. Malik Saeed Ahmed, DPC, Income Tax, Multan.

    42. Ghulam Ali Malik, FBR Headquarter, Islamabad.

    43. Imran Ahmed Khan, RTO-II, Lahore.

    44. Shahid Iqbal, DPC, Income Tax, Multan.

    45. Saifullah Bughio, RTO Hyderabad.

    46. Abdul Aziz, LTU Karachi.

    47. Muhammad Arif Mushtaq, LTU Karachi.

    48. Azmatullah, RTO-II Karachi.

    49. Syed Musheeruddin, LTU Karachi.

    50. Mukhtar Jagirani, LTU Karachi.

    51. Farrukh Saeed, DPC, Income Tax, Karachi.

    52. Obaidullah Naeem, DPC, Income Tax, Karachi.

    53. Muhammad Zahid S/o Hamid Ahmed Usmani, RTO Quetta.

    54. Irfan Sabir, RTO Quetta.

    55. Zafar Hassain, LTU Karachi.

    56. Saleem Siddiqui, DPC, Income Tax, Karachi.

    57. Syed Yousuf, LTU Karachi.

    58. Malik Nasar Javed, DPC, Income Tax, Karachi.

    59. Shabana Talat Siddiqui, RTO-III, Karachi.

    60. Wajid Hussain, DPC, Income Tax, Karachi.

    61. Sahir Farooqui, DPC, Income Tax, Karachi.

    62. Noor Hayat Khan, Corporate RTO, Karachi.

    63. Sh. M. Ismail S/o Shaikh Muhammad Ramzan, DPC, Income Tax, Karachi.

    64. Ayaz Haider, RTO Peshawar.

    65. Muhammad Yousuf Khan, LTU-II Karachi.

    66. Muhammad Amin, DPC, Income Tax, Rawalpindi.

    67. Muhammad Atif khan, DPC, Income Tax, Rawalpindi.

    68. Iftikhar Ahmed, DPC, Income Tax, Rawalpindi.

    69. Gul Khan, DPC, Income Tax, Rawalpindi.

    70. Abdul Rauf Siddiqui, RTO-II, Lahore.

    71. Ejaz Ahmed Butt, DPC Income Tax, Rawalpindi.

    72. Naveed Mirza, DPC, Income Tax, Lahore.

    73. Ghulam Muhammad Toor, DPC, Income Tax, Multan.

    74. Asif Hussain, RTO Sialkot.

    75. Arshad Mehmood, RTO Rawalpindi

    The FBR said that the promoted officers would be on probation for a period of one year, extendable, for a further period not exceeding one year, provided that if no order is issued by the day of following the termination of probationary period, the appointment shall be deemed to be held until further orders.

    The officers already drawing performance allowance equal to 100 percent of the basic pay will continue to draw the same on their promotion.

  • Customs official awarded major penalty for corruption, misconduct

    Customs official awarded major penalty for corruption, misconduct

    ISLAMABAD: Federal Board of Revenue (FBR) has imposed major penalty of ‘compulsory retirement’ upon a BS-16 officials of Pakistan Customs on charges of corruption, misconduct and inefficiency.

    According to an official note issued on Thursday the FBR said that disciplinary proceedings under Government Servants (Efficiency & Discipline) Rules, 1973 were initiated against Mansab Shah, Inspector (BS-16), Model Customs Collectorate of Preventive, Lahore on account of “Inefficiency”, “Misconduct” and “Corruption” under E&D, Rules 1973 after placing him under suspension vide notification 25.03.2019.

    “On receipt of preliminary fact finding inquiry report, all charges were established.”

    A Show Cause Notice dated 27.03.2019 was accordingly issued to him and he was also called for personal hearing by the Authorized Officer / Collector, MCC (Preventive), Lahore on 28.05.2019.

    After considering the charges framed in the charge sheet and other available record, the Authorized Officer / Collector, MCC (Preventive), Lahore recommended to the Authority for imposition of major penalty of Compulsory Retirement.

    The Member (Admn) FBR being Authority in this case, after having considered all aspects of the case and the recommendations of the Authorized Officer has therefore, imposed the major penalty of “Compulsory Retirement” upon Mansab Shah, Inspector, under rule 4(1)(b)(ii) of the Govt. Servants (Efficiency & Discipline) Rules, 1973 with immediate effect.

    The period of suspension of the accused officer w.e.f 25.03.2019 till date will be treated as a leave of kind due as admissible under the rules.

    The official shall have right of Appeal as admissible in the Civil Servants (Appeal) Rules, 1977.

  • FBR issues fresh list of sectors allowed input tax adjustment

    FBR issues fresh list of sectors allowed input tax adjustment

    ISLAMABAD: Federal Board of Revenue (FBR) has issued fresh list of sectors to allow input adjustment by amending the Section 8B of Sales Tax Act, 1990.

    The FBR issued SRO 1190(I)/2019 on Thursday in suppression of its previous SRO 647(I)/2007 dated June 27, 2007.

    The following sectors have been allowed input adjustment and refunds:

    01. Persons registered in electrical energy sector.

    02. Oil marketing companies and petroleum refineries.

    03. Fertilizers manufacturers.

    04. Persons making zero-rated supplies, including exports, provided that value of such supplies exceeds 50 percent of value of all taxable supplies in a tax period.

    05. Distributors.

    06. Gas distribution companies.

    07. Telecommunication services.

    08. Pakistan Steel, Bin Qasim, Karachi.

    09. Registered persons other than manufacturers, making supplies of items covered under the Third Schedule to the Sales tax Act, 1990, on which sales tax has been paid by the manufacturer or importer on retail price, provided that value of such supplies exceeds 80 percent of value of all taxable supplies in a tax period.

    10. Commercial importers where value of import subject to 3 percent value addition as prescribed in Twelfth Schedule to the Act exceeds 50 percent of value of all taxable purchases, including imports, in a tax period.

    Through the latest SRO the retailers also importing goods in bulk and operating chain stores have been allowed adjustment of input tax to the extent of 95 percent of the output tax for the tax period and the excess amount shall be carried forward to the next period.

    The FBR further said that the first proviso of sub-section (1) and sub-section (2) and (3) of Section 8B of the Sales Tax Act, 1990, shall apply, mutatis mutandis, to the input tax to be adjusted or carried forward as provided in clause (b).

  • SRO to save customs officers in mega gold scam challenged before FBR policy board

    SRO to save customs officers in mega gold scam challenged before FBR policy board

    ISLAMABAD: The Directorate General of Internal Audit (Customs) Lahore has challenged the issuance of SRO 1114(I)/2019 before the Policy Board of the Federal Board of Revenue (FBR) alleging the issuance of the notification was a bid to save senior customs officers in mega gold corruption cases.

    In a compliant on October 02, 2019 made to Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance and Revenue and Chairman FBR’s Policy Board and the other members of the FBR’s policy board that is constituted under Section 6 of the FBR Act, 2007, it has been alleged that the SRO has taken away from the Customs Internal Audit its capacity to detect customs officers’ corruption and resulting massive revenue loss.

    The SRO has been called a device to liberate the customs officers’ corruption and revenue losses from the fear of subsequent internal audit’s detection.

    According to the complainant i.e. Directorate General of Internal Audit (Customs) Lahore, the FBR has purported to act under certain provisions of Customs Act and Sales Tax Act which do not give the FBR any power to abolish any field formations.

    It is alleged that these provisions confer on FBR only the power to appoint officers in field formations and to define their powers and functions.

    It has been further alleged that two directorates of Internal Audit had been abolished in breach of FBR’s statutory obligations under FBR Act, 2007.

    According to the complainant, Section 4(1)(d) of FBR Act requires FBR to improve productivity in its field formations. Section 4(1)(g) of FBR Act requires FBR to take appropriate measures including internal controls to combat corruption within its field formations.

    Section 4(1)(j) of FBR Act requires FBR to introduce and maintain a system of accountability of performance, competence and conduct of its employees.

    It has been alleged that abolition of two directorates of internal audit and over burdening of the single directorate of Islamabad with the responsibility of Customs Internal Audit throughout the country is a measure against FBR’s statutory obligation to improve productivity in field formations.

    It is also a measure against the FBR’s statutory obligation to control corruption and to maintain a system of performance accountability of its officers and employees.

    The complainant questioned that why FBR has conceived a unique SRO of its own kind which has the effect of sheltering corruption and revenue losses from the fear of detection.

    It has been alleged in the complaint that the Directorate of Internal Audit Karachi has been abolished to shelter the customs officers posted in Karachi, who are normally responsible for 90 percent of the customs corruption and revenue losses which take place throughout the country in a year.

    It has been further alleged that the Directorate of Internal Audit Lahore has been abolished for more than one reason, all meant to shelter revenue losses from detection and to save corrupt customs officers from accountability.

    It has been alleged in the complaint that the struggle of Directorate of Internal Audit Lahore to recover a revenue loss of Rs60 billion in gold cases and the efforts of the Directorate to take gold cases against customs officers to a logical conclusion have resulted in its abolition just to serve the interests of senior customs officers involved in these cases.

    The gold case made by Internal Audit took a new beginning when in response to a new story published on June 11, 2018, the Federal Tax Ombudsman took suo moto cognizance of these cases involving a revenue loss of Rs60 billion and recommended disciplinary and criminal proceedings against the customs officers responsible for causing the revenue loss.

    The collector of five customs collectorates subsequently filed representations against FTO’s recommendations before the President of Pakistan. However, the Directorate of Internal Audit Lahore had pleaded the gold cases against the customs officers.

    The directorate of internal audit Lahore requested the FBR Policy Board that the operation of SRO may be immediately held in abeyance till determination of its legality and proper evaluation of its pro corruption consequences.

  • FBR says 48 companies integrated sales data

    FBR says 48 companies integrated sales data

    ISLAMABAD: At least 48 leading companies have integrated their sales data with the online system of the Federal Board of Revenue (FBR).

    The FBR issued the list of these 48 companies which opted for integrating their retail point of sales (POS) with the FBR in order to get reduced rates of sales tax.

    Following is the list of the companies:

    SERVICE INDUSTRIES LTD

    NISHAT (CHUNIAN) LIMITED

    HOUSE OF ITTEHAD (PRIVATE) LIMITED

    AL-KARAM TEXTILE MILLS (PRIVATE) LIMITED

    GUL AHMED TEXTILE MILLS LIMITED

    TRI-STAR POLYESTER LIMITED

    BATA PAKISTAN LIMITED

    LAKHANY SILK MILLS (PRIVATE) LIMITED

    FIRHAJ FOOTWEARS (PRIVATE) LIMITED

    SERVICE SALES CORPORATION (PVT) LIMITED

    SHAPAR PVT LTD

    BORJAN (PRIVATE) LIMITED

    FAMOUS BRANDS (PRIVATE) LIMITED

    URBAN SOLE

    KHAWAJA TANNERIES (PRIVATE) LIMITED

    SEFAM (PVT) LTD

    THREE STARS HOSIERY MILLS (PRIVATE) LIMITED

    NISHAT MILLS LIMITED

    SHOE PLANET (PRIVATE) LIMITED

    TIMES CLOTHING PVT LIMITED

    CAMBRIDGE GARMENT INDUSTRIES (PRIVATE) LIMITED

    GENERATION (PRIVATE) LIMITED

    KAMAL LIMITED

    NISHAT LINEN (PRIVATE) LIMITED

    MISHA FASHIONS (PVT.) LIMITED

    HUSSAIN MANUFACTURING (PVT.) LIMITED

    RETAIL AVENUE (PVT.) LIMITED

    M/S. AKAZ BRANDS (PVT.) LIMITED

    LOFT COMMERCIALS LIMITED

    NASEEM ENTERPRISES & TRADING (PRIVATE) LIMITED

    AL-RAZZAQ FIBRES (PVT.) LIMITED

    OUTFITTERS STORES

    THE OAKS PAKISTAN PVT LTD

    SAPPHIRE RETAIL LIMITED

    SSFR (PVT.) LIMITED

    KHAADI (SMC-PVT.) LIMITED

    URBAN BRANDS

    LEVI STRAUSS PAKISTAN (PRIVATE) LIMITED

    RAFUM INDUSTRIES (PVT.) LIMITED

    AMIR KAMAL

    SHEIKHUPURA TEXTILE MILLS LIMITED

    IBL IDENTITY (PRIVATE) LIMITED

    SANAULLA TEXTILE MILLS

    MRS FARNAZ AHMAD

    SAID AHMED BRANDS (PRIVATE) LIMITED

    HIGHPOINT VENTURES (PRIVATE) LIMITED

    SANAULLA LONGFU TEXTILE (PVT.) LIMITED

    S-LUXE (PRIVATE) LIMITED

  • FBR eyes 5 million return filers

    FBR eyes 5 million return filers

    ISLAMABAD: Federal Board of Revenue (FBR) is eyeing five million return filers during next two years after achieving 2.6 million return filers for tax year 2018.

    The FBR attributed the high number of return filers to its helpline, which is facilitating the taxpayers in filing their returns.

    “The success of FBR Helpline can be gauged from the fact that number of tax return filers increased to 2.6 million from 1.9 million in one year which is expected to be increased to 5 million in next two years.”

    FBR’s Helpline is a free, fast & reliable service that is committed to provide the very best service to the public.

    FBR’s Helpline not only educates the public but also provides them a forum through which the public can put forward their queries and seek resolution to most of their issues via phone, email or website.

    Helpline team has been at the forefront in resolving issues that come up from time to time such as payment of Surcharge for ATL, guidance for newly launched Online Sales Tax Registration application, guidance for newly launched Biannual Income Tax Withholding Statement, guidance for ST Returns launched for the new financial year.

    The Helpline is providing services to the public in two shifts but provided 24/7 facilitation during the Asset Declaration Scheme.

    Furthermore, the Helpline representatives are providing all possible support to the Taxpayers in ensuring that they are easily able to navigate various Transactional portals such as Income Tax portal (Iris) etc.

    FBR Helpline utilizes international standard Customer Relationship Management (CRM) System, which ensures availability of three (3) tier support lines ensuring that FBR Helpline promptly resolves Taxpayer issues.

    Taxpayers are provided a case number for each complaint lodged and resolution of the case is ensured within 24 hours of the complaint lodged. Cases of complex nature which require legal and technological modification in the system are resolved within 3 days of the lodged complaint.

    The success of FBR Helpline can be gauged from the fact that number of tax return filers increased to 2.6 million from 1.9 million in one year which is expected to be increased to 5 million in next two years.

    Federal Board of Revenue (FBR) is committed towards bringing about a Service Oriented Culture – geared towards resolving challenges faced by investors and taxpayers, helping to improve the Ease of Doing Business (EoDB). FBR understands its responsibilities as a Partner in Progress – where its sole responsibility isn’t just to collect taxes but also ensure that it provides the very best service; ushering in a tax compliant culture while providing the necessary tools for economic growth.

    Nothing epitomizes FBR’s commitment towards a Service Oriented Culture like FBR’s Helpline.

  • FBR collects Rs960 billion in first quarter: Shabbar Zaidi

    FBR collects Rs960 billion in first quarter: Shabbar Zaidi

    ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs960 billion in the first quarter of current fiscal year 2019/2020, which is about 90 percent of the target for the quarter, Syed Shabbar Zaidi, Chairman, FBR said on Monday.

    In a message on social media, he said that tax collection up to 90 percent of highly aggressive target for quarter ended September 30, 2019 has been achieved.

    “Collection is Rs 960 billion. Some more positive adjustment is expected. Furthermore this amount excludes refunds of past years of Rs15 billion,” the chairman said.

    The chairman said that collection from domestic sources had been increased by 25 percent. He said that the imports had been contracted by $3 billion during the period.

    He said that the contraction of import had impacted the revenue by Rs125 billion. The chairman said that if this amount added the revenue collection then the target would have been met.

  • FBR extends return filing date up to October 31

    FBR extends return filing date up to October 31

    ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing income tax returns and wealth statements for tax year 2019 up to October 31, 2019, according to a notification issued on Monday.

    The FBR issued Circular No. 14/2019 to extend the last date for filing income tax returns from September 30, 2019 to October 31, 2019.

    The FBR said that the individuals and association of persons who were required to file their income tax returns and statements of final taxation for the tax year 2019, which were due on September 30, 2019, but failed to file their income tax returns / statements, are hereby allowed to file their returns/statements by October 31, 2019.

    The FBR further said that the companies which were required to file returns of total income/statements of final taxation for the tax year 2019, which were due on September 30, 2019 but failed to file their income tax returns/statements, though have paid 90 percent of the admitted tax liability, are hereby allowed to file their returns/statements by October 31, 2019.

  • FBR may extend return filing date due to delayed issuance of forms

    FBR may extend return filing date due to delayed issuance of forms

    ISLAMABAD: Federal Board of Revenue (FBR) may extend the date for filing income tax returns and wealth statements for tax year 2019 due to delay in issuance of return forms and considering problems faced by taxpayers in filing returns.

    The last date for filing annual income tax returns is September 30, 2019 for salaried persons, business individuals, Association of Persons (AOPs) and companies having special financial year.

    The FBR uploaded the draft return form for tax year 2019 on August 23, 2019 through SRO 951(I)/2019 and then issue the final notification of Income Tax return 2019 of Individuals, Salaried Individuals & AOPs, September 02, 2019 through SRO 979 of 2019.

    This shows lapse of statuary period of two months (62 days) and it was all due to the negligence of the FBR, Pakistan Tax Bar Association (PTBA) said in a letter sent to FBR chairman on September 27, 2019.

    The PTBA said that on September 27, 2019 FBR issued manual income tax return form vide SRO 1160 of 2019 dated 27th September which is still not available on Excel format, so the small volume taxpayers could file their returns of income for the year 2019 within stipulated time.

    The tax bars in the country have pointed out discrepancies due to which the filing of income tax returns was seriously affected:

    i. Return / Statement of Final Taxation for Individuals, Salaried Individuals and AOPs is forcibly accompanied with Wealth Statement, which is a separate requirement under Section 116 of the Income Tax Ordinance, 2001;

    ii. Non-residents are not able to file their income tax return without Wealth Statement and details of personal expense which is not binding upon them as per statue;

    iii. Tax return of a Salaried Individual still lacking certain details of assets/liabilities in Wealth Statement which is not in accordance with section 116 of the Ordinance;

    iv. There is a single field/ column for foreign income only contrary to the requirements of section 103(8) read with section 104 of the Ordinance that provides computation of foreign income/ loss and adjustment and carry forward of losses;

    v. There is no option to declare foreign income with their respective heads of income and instead only figure sums it all which does not give the fair picture of the foreign income;

    vi. Tax on income from Pensioners Benefit /Behbood Certificates account is not being properly worked out.

    vii. IRIS system is not calculating accurate tax on the income above Rs. 1,200,000/- in certain cases.

    The FBR may also extend the last date for filing the income tax returns as it had received small amount of returns by September 29, 2019 as against last year’s returns of around 2.5 million.

    Tax experts said that if FBR could able to receive around 0.5 million returns by September 30, 2019 even then it would be shortfall of 2 million returns.

    The experts believed that due to steps toward broadening of tax base by the FBR it is expected that more returns would be filed for tax year 2019.

    They said that as per law and statutory time period for filing of income tax return is Ninety (90) days under section 118 of the Income Tax Ordinance, 2001 read with rule 34 of the Income Tax Rules, 2002 while on the contrary only (28) days have been given here between September 02 and September 30, 2019 for online filing and only (1) one working day available for manual filing.