ISLAMABAD: The Federal Board of Revenue (FBR) electronic system now permits taxpayers to revise their income tax return for the tax year 2023 within 60 days without requiring approval from the Commissioner of Inland Revenue.
In response to concerns raised by the Karachi Tax Bar Association (KTBA) in a letter to the FBR, the FBR has provided a point-wise response. Some of these issues are unrelated to the tax return filing for 2023 or have already been addressed.
The KTBA expressed concerns about the inability to allow return revisions. The FBR clarified that the IT Return for 2023 filers can indeed revise their returns within 60 days without requiring approval from the commissioner, and the system facilitates this.
The KTBA inquired about the non-availability of data U/s.116A (inner columns). The FBR responded that section 116A could be filed without any issues, and if specific cases with details are causing hindrances in filing tax returns for 2023, they may be shared with the FBR for resolution.
The KTBA raised the issue of salary income with a one-off service receipt, which led IRIS to request the filing of profit & loss accounts, balance sheets, and attachments of accounts.
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The FBR explained that a separate salary return is available, but individuals with both salary income and income from business under section 153 (minimum tax) are required to attach the PL account as per legal requirements.
The KTBA noted the absence of a tab to display tax deductions under section 153 or other sections in the SME Return. The FBR clarified that the SME return conforms to the notified form, and the reported issue is not a system-related problem.
Regarding the filing of the last return of a deceased individual by legal heirs, the KTBA suggested allowing the entry of the name and CNIC of the legal heir, as the deceased person cannot verify the return.
The FBR responded that this is a suggestion rather than an issue, as there is a separate process for marking the taxpayer as a deceased taxpayer.
In the case of associations of persons (AOPs), the KTBA pointed out that the status of the member appears as “director” instead of “partner” or “member,” which is factually incorrect. The FBR assured that this issue has already been resolved.
