manual income tax filers to receive equal tax benefits as electronic-filers, al sadat marketing, real estate agency in blue area islamabad pakistan

Table of Contents

All the tax benefits available to people filing income tax returns electronically would now be available to those filing returns manually.

Income tax returns filed manually would be eligible for lower withholding tax rates on par with ones filed electronically.

In order to guarantee that all (Manual) filers of income tax returns for the most recent tax year are active in accordance with ATL issued by the FBR, the FTO has directed the Federal Board of Revenue (FBR) to implement certain processes and set up SOPs.

In a public interest complaint, prominent tax attorney Waheed Shahzad Butt brought this anomaly to the attention of the Federal Trade Commission (FTO). The FTO then ordered an investigation and called in the heads of the FBR-IR Policy, Operations, Legal wings, and Member Information Technology at the FTO Regional Office in Lahore. Following consultation, the matter was settled out of court without the need to spend tax dollars on pointless litigation.

Read More: Why Pakistan Can’t Get Its Dollar Fix

Upon being contacted, Waheed Shahzad Butt informed ProPakistani that, in spite of the Federal Bureau of Revenue’s obligation to guarantee just and equitable taxation for all residents, it has been discovered that individuals who manually file tax returns have been unfairly discriminated against compared to those who file electronically. Sharp criticism has been leveled at this failing to address the unique requirements of this vulnerable part of the taxpayer population by

Waheed went on to say that a categorical written notification was sent, but it was ineffective, regarding the FBR’s flagrant disregard for Rule 73 of the Income Tax Rules 2002 and the unlawful removal of some taxpayers from the ATL database. The manually filed income tax return for the Tax Year 2022 has been regarded by the FBR as “inactive,” even though it was filed within the legally mandated time frame, in clear violation of Rule 73.

Read More: Pakistan to Introduce Digital Currency for Rupee Stability

According to the FTO order, “A complaint was filed regarding the taxpayer’s unlawful exclusion from the Active Taxpayer List, which violates both Section 206 of the Income Tax Ordinance 2001 and the FBR Act, 2007.” The department primarily argued in its comments that this office has been informed that the subject is being considered at the Board level.

The Authorized Representative (AR) stated at the hearing that the Complainant has been activated on ATL by the FBR, and the required actions have been taken. Moreover, the AR contended that the FBR ought to take significant actions to address these deficiencies and problems. The public at large as well as other people or taxpayers who suffer similar injustices despite having submitted their returns would gain from this.

The FBR has been directed to put in place a system and create a Standard Operating Procedure (SOP) to ensure that every taxpayer who files a return for the current tax year is up to date with the ATL that the Board has distributed. As directed by the FTO, this is to avoid any omissions that might result in such complaints.

You can also invest in other famous and most in demand housing societies, such as , Blue World City,  Rudn Enclave7 Wonders City PeshawarTaj ResidenciaKingdom Valley,  New Metro City Gujar KhanForest Town RawalpindiUniversity Town RawalpindiICHS TownPark View City IslamabadMulti Gardens B17 Islamabad and Nova City Islamabad.

Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/

Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2Prism Town Gujar KhanNew City ParadiseEighteen Islamabad7 Wonders City IslamabadCapital Smart City,  Silver City IslamabadThe Life Residencia,  Faisal Town IslamabadIslamabad Golf CityIslamabad Model Town and Marble Arch Enclave.

Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

Book Your Plot Now: +92 331 111 0005

Tags :

Share :

About Author
About Author

Syed Sadat Hussain Shah

Talk to Us!

Latest Posts

Categories

Leave a Reply

Your email address will not be published. Required fields are marked *

ATTENTION

Experience luxury living just 20 minutes from Islamabad. With monthly installments starting at just 25,000 PKR, you can secure your dream home with No down payment and no hidden charges. Explore the perfect blend of comfort and convenience today!

Book Now