08-23-2010, 07:43 PM
AOPs, individuals FBR decides to withdraw income tax return forms
RECORDER REPORT
ISLAMABAD (August 23 2010) The Federal Board of Revenue (FBR) has decided to withdraw the proposed income tax return forms for the Association of Persons (AOPs) and individuals for the Tax Year 2010, as the taxpayers may be allowed to file the return in the old format.
However, the new income tax return form for the companies would shortly be notified. The new return form for companies would have no major change for the Tax Year 2010. It is learnt that the FBR Legal Wing as well as Direct Taxes Department had cleared the proposed return forms few weeks back without issuing the necessary notification required under the law. This makes the draft returns illegal and the same cannot be notified without the notification which allow the department to obtain comments of the stakeholders.
