FBR issues draft IT return forms for tax year 2019 ~ ACCOUNTING AND TAX JOURNAL

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Friday, August 23, 2019

FBR issues draft IT return forms for tax year 2019


The Federal Board of Revenue on Friday issued draft income tax return forms for tax year 2019 to seek feedback from all stakeholders (within seven days from 23.08.2019). The FBR also issued SRO 951(I) 2019 here on Friday to propose amendments in the draft electronic return for individuals, salaried individuals and association of persons for tax year 2019. The FBR has sought feedback from all stakeholders on these draft returns within a period of seven days. "No changes will be made in the returns after the due date," the FBR said.

After the proposed amendments the final returns will be uploaded for electronic filing of tax returns for the year 2019 from September 2. The FBR is also considering introducing a digital application (app) for filing of salary income tax returns for the tax year 2019, FBR official added.

The FBR has also launched Tax Asaan, a mobile application providing basic verification features like verification of Active Taxpayer List, sales tax registration and online NTN verification and exemption certificate verification, etc.

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Greetings! My name is Tasleem Faraz Minhas author of this blog and I am a Tax Consultant by profession having more than 12 years of experience in the field of Accounting, Finance and Taxation.

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