FBR issues notification to exempt salary persons from audit, penalty for late filing

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1801

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued notification to exempt salary persons from audit and penalty for late filing income tax returns.

 

 

 

The notification has been issued after State Minister for Revenue Hammad Azhar Tweeted about government decision to withdraw audit and penalty notices issued to salary persons.

The FBR notification said that the decision had been taken in view of the hardship faced by salaried persons and to encourage and facilitate filers of returns.

Therefore, persons who have filed return of income under Section 114 of the Income Tax Ordinance, 2001 declaring only income under the head salary with or without profit on debt and/ or dividend income are exempted from payment of entire amount of penalty payable by them under Section 214E read with entry of Section 182 of the ordinance for the tax year 2015, 2016 and 2017.

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  • I was worried about it, and now thanks PTI Government and FBR official for a nice doing job for Salaried Class, hope to more and good news. now I can go to the people for making them more filer.