Income tax return is a summarized form issued by FBR every year. The form is used to fill all the information relating to
Registration for Income Tax and Sales tax for Association of Person (AoP) and Company is now processed through FBR IRIS facilitation desk. It means one cannot initiate the process directly from e-portal.
How to apply new registration for Individual Taxpayer
You must have heard non-filer or filer most commonly used now days, especially if you are in a Bank, Motor vehicle or property registration authority office. Lets talk something about this hot issue.
SRB through its notification no SRB 3-4/10/2016 dated June 28th, 2016 exempt the Services provided or rendered by a contractor of building (including water supply, gas supply and sanitary works), or of electrical and mechanical works (including air conditioning), or of multi-disciplinary works (including turn-key projects) and similar other works, subject to the condition that the annual turnover of the person providing or rendering the contractor service does not exceed Rs. 4 million in a financial year. [Tariff Heading No. 9814.2000]
SRB through its notification no SRB 3-4/10/2016 dated June 28th, 2016, notified that exemption threshold of Rs. 3.6 million is enhanced from Rs 4 million
Above exemption threshold is applicable to following services
FBR’s e-portal for preparation of challan experienced a hidden change early at the beginning of this tax year 2016, previously at the time of CPR preparation, the system by default set the month as latest month for sales tax for which payments are generally prepared. For example if you are in month of August the system by-default set the month as July.
FBR on January 5th, 2017 carried out balloting of cases for audit. You may search if your case is selected for audit from following files.
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Active Taxpayers List (ATL) is published by FBR on its website in compliance of Rule 81B of the Income Tax Rules, 2002, the list is updated every Sunday 24:00 hours.