ISLAMABAD – The Federal Board of Revenue (FBR) has published and placed thedraft of certain amendments in Income Tax Rules 2002 on its website,seeking public suggestions on it for consideration of the board.
The amendments in the rules have been proposed in the exercise of thepowers conferred by sub-section (1) of section 237 of the Income TaxOrdinance 2001 (KLIX of 2001), said FBR.
The ordinance rules have been published for information of all personslikely to be affected thereby, as required by sub-section 92) of saidsection.The draft would be taken into consideration by the board after seven daysof its publication in the official gazette.
Hence, the board has asked the stakeholders that if they had any objectionsor suggestion on the matter, forward to the board before expiry of theaforesaid period for its consideration.
“Any objection or suggestion, which may be received from any person, inrespect of the said draft, before expire of the aforesaid period shall betaken into consideration of the board,” it added.
Meanwhile, the board has launched an application enabling taxpayers toprepare Income Tax Return and Wealth Statement without using Internet toresolve the connectivity issues often faced by the taxpayers.
The application called Iris-ADX (Asynchronous Data Exchange) has beenprepared and launched by the Information Technology (IT) Wing of the FBR tofacilitate the taxpayers.
The application allows the taxpayer / E-intermediary to prepare datarelated to Income Tax return and wealth Statement in Offline mode.
This application will help taxpayers to prepare Income Tax Return andWealth Statement without using internet which will overcome and resolve theissue of connectivity they face locally and during the peak hours.
After preparing the statements in offline mode, the same can be uploaded toFBR’s repository seamlessly. – APP