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Showing posts from July, 2021

Electronic Income Tax Return Form

Federal Board of Revenue (FBR) has made history by updating and uploading electronic income tax return form for salaried and business individuals, Associations of Persons and Companies immediately after the close of the financial year 2021 i.e. on 01 July 2021. After the years of shameful experience of repeatedly giving extensions to the filers due to faults and bugs in the income tax return form, FBR this year planed beforehand. Plan the execution of which is spans the whole year was made part of rules through SRO 1185 (I) /2020 dated 6 November 2020.  Following is the snapshot of the notification: Reference Number: SRO 853 (I)/2021 Description: Electronic Income Tax Return Form  Date of Issuance: 01 July 2021 Objective: To provide error-free income tax return form in a timely manner to salaried and business individuals, Associations of Persons and Companies Effective Date:  Immediate  Hopefully electronic income tax return will be free from errors and bugs ...