KTBA objects to draft income tax return

KTBA

KARACHI: Karachi Tax Bar Association (KTBA) has informed the tax authorities that without knowing the changes made to draft income tax return for tax year 2017 it will not able to send feedback.
Federal Board of Revenue (FBR) on July 20 and 27 issued draft return forms for individuals and Association of Persons (AOPs) and asked stakeholders to send their inputs before finalization of return forms.
The KTBA in a letter to FBR chairman Tariq Mahmood Pasha, said that the draft forms were not available in the Excel Format hence the KTBA members were unable to check the changes made in the draft forms till date.
It said that the most of the issues identified when the forms are filled on IRIS or on Excel Format. “Until such forms are not available on IRIS or Excel Format, the members are unable to provide feedback on the draft forms,” the KTBA said.
Therefore, the KTBA requested the FBR chairman to release the draft forms on excel and on IRIS with track changes made from last year for the members so that the same are checked and proper feedback is provide by the members.
In addition, the KTBA requested the chairman to send a representative to explain the changes and its impact.

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