Business

FBR issues new tax return forms

KARACHI: The Federal Board of Revenue (FBR) has made several reforms in the process of filing tax returns, ARY News reported.

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According to FBR officials, three income tax return forms for different categories of taxpayers including individuals, deriving income only under the head salary has been issued. The tax return form for salaried class has become easier to fill as it comprises of one page only.

In this regard, the FBR has issued Return Form IT-1A for Tax Year 2014 for individuals deriving income only under the ‘Head Salary’; return Form IT-1B for Tax Year 2014 for individuals deriving Income under the heads other than business and return form IT-1C for Tax Year 2014 for AoPs deriving income under the heads other than business.

These forms are available on the official website of FBR.

 

 

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FBR issues new tax return forms

by Zohaib Kazmi