FBR updates application for salary return filing

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday updated Tax Asaan, a mobile phone application, for filing of income tax return by salaried persons. The Tax Asaan application, available for both Android... Read more »

Tax registration procedure for filing annual return of income

ISLAMABAD: Federal Board of Revenue (FBR) has issued registration procedure for income tax in order to file income tax return. The filing of income tax return for tax year 2020 is due... Read more »

Return filing facilitation: FBR issues procedure to reset, change password on IRIS portal

KARACHI: Federal Board of Revenue (FBR) has issued procedure to reset and change password on IRIS portal in order to facilitate taxpayers in filing their income tax returns for tax year 2020.... Read more »

Salary codes explained for tax returns

ISLAMABAD: Federal Board of Revenue (FBR) has explained codes to be used for entering the tax deducted at source under the head of salary. An employer deducts income tax from salary of... Read more »

FBR points out persons require filing income tax return

ISLAMABAD: Federal Board of Revenue (FBR) issues list of individuals/companies required to file income tax return and wealth statement for tax year 2020. The FBR has finalized income tax return form for... Read more »

FBR directed to simplify income tax return form while considering various sectors

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance and Revenue on Monday instructed Federal Board of Revenue (FBR) to simplify income tax return form while considering problems faced by... Read more »

FBR recommended imposing penalty for late return filing instead extending last date

ISLAMABAD: Federal Tax Ombudsman (FTO) has advised the Federal Board of Revenue (FBR) to impose penalty for late filing of income tax returns instead extending the last date. The FTO in its... Read more »

Finance Act 2020: Amended list of persons required to file annual income tax return

ISLAMABAD: Persons falling under final tax regime are now required to file annual income tax returns. In this regard amendment has been made through Finance Act, 2020. Officials at the Federal Board... Read more »

Filing annual tax return made mandatory for FTR taxpayers

ISLAMABAD: The filing of annual income tax return has been made mandatory for taxpayers falling under Final Tax Regime (FTR). The Finance Bill, 2020 has proposed amendment to Section 114 of Income... Read more »

Process for automated scrutiny of income tax returns introduced

ISLAMABAD: An automated scrutiny of income tax returns has been introduced to Income Tax Ordinance, 2001 through Finance Bill, 2020. For this purpose a new sub-section 2A has been inserted to Section... Read more »