ISLAMABAD: The Federal Board of Revenue (FBR) on Friday issued manual income tax return forms for tax year 2021. The return form has been issued just a month ahead of filing deadline i.e. September 30, 2021. The FBR issued SRO 1073(I)/2021 to notify the paper return form for individuals and Association of Persons (AOPs) for […]
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 […]
KARACHI: The Federal Board of Revenue (FBR) has been urged to issue a simplified income tax return forms for taxpayers of small and medium enterprises (SMEs). Karachi Tax Bar Association (KTBA) in a communication sent to FBR Chairman Asim Ahmed on Monday, acknowledged the efforts of the tax authorities to remove the anomalies with a […]
KARACHI: As the Federal Board of Revenue (FBR) has decided to open IRIS portal for income tax return filing for tax year 2021 but on the other hand a tax bar objected that making compliance of return filing on first day of July was impossible due to various reasons. The Karachi Tax Bar Association (KTBA) […]
ISLAMABAD: The Federal Board of Revenue (FBR) has issued draft income tax return form for Tax Year 2021 to enable tax payers to file their returns from July 01, 2021. The FBR issued SRO 730(I)/2021 dated June 11, 2021 to issue draft income tax return forms for salaried persons, business individuals, Association of Persons and […]
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued a simplified single-page income tax return form for small manufacturers a day after when the last date for filing income tax return was expired. The FBR issued SRO 1316(I)/2020 dated December 09, 2020 to notify the simplified income tax return form for individuals and Association of […]
KARACHI: Karachi Tax Bar Association (KTBA) on Thursday declared the available income tax return form at IRIS – the web portal of Federal Board of Revenue (FBR) – as defective and taxpayers are unable to file their returns for tax year 2020. “Needless to state that the return of income is still defective and incomplete […]
ISLAMABAD: Federal Board of Revenue (FBR) has launched a single page simplified draft income tax return form for business individuals and Association of Persons (AOPs) having annual turnover less than Rs50 million. The draft return form has been issued through SRO 1261(I)/2020 dated November 26, 2020, which will be finalized after consultation with stakeholders. The […]
ISLAMABAD: Federal Board of Revenue (FBR) on Friday amended rules under which annual income tax return form will be available on January 31 every year following the financial year to which the return relates. The FBR issued SRO 1185(I)/2020 to amend Income Tax Rules 2002. Previously, the FBR issued SRO 1041(I)/2020 dated October 13, 2020 […]
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued SRO 1041(I)/2020 for timely issuance of annual income tax return forms in order to facilitate taxpayers and avoid unnecessary delays in return filing process. The FBR proposed amendment to Income Tax Rules, 2002 through the SRO. A new rule 34A has been proposed to insert in […]