ISLAMABAD: Federal Board of Revenue (FBR) is planning to introduce one-page simple income tax return form for facilitation of taxpayers while first draft is being prepared, it is learnt here.
According sources in FBR, the draft is being prepared and expected to be issued in next two weeks after consultation with high-up in the board. Sources also added that after the issuance of this one-page income tax return form, the taxpayers will use to submit their income tax returns by using this simple form.
Sources said that FBR is taking steps to facilitate the taxpayers and simplifying the income tax returns form is one the major facilitations for the taxpayers.
Earlier, Karachi Chamber of Commerce and Industry (KCCI) President has urged the government to simplify the filing procedures by restoring the previous form for filing income tax (IT) returns as all taxpayers and practitioners are well-acquainted with the previous version. The new form for submitting IT returns is complicated