AIRLINK 202.01 Increased By ▲ 0.77 (0.38%)
BOP 10.11 Increased By ▲ 0.14 (1.4%)
CNERGY 7.16 Increased By ▲ 0.27 (3.92%)
FCCL 37.23 Increased By ▲ 1.87 (5.29%)
FFL 17.15 No Change ▼ 0.00 (0%)
FLYNG 25.69 Increased By ▲ 1.48 (6.11%)
HUBC 135.31 Decreased By ▼ -2.88 (-2.08%)
HUMNL 14.07 No Change ▼ 0.00 (0%)
KEL 4.84 Decreased By ▼ -0.02 (-0.41%)
KOSM 6.66 No Change ▼ 0.00 (0%)
MLCF 46.33 Increased By ▲ 0.02 (0.04%)
OGDC 222.25 Decreased By ▼ -0.29 (-0.13%)
PACE 7.03 Decreased By ▼ -0.03 (-0.42%)
PAEL 42.45 Decreased By ▼ -0.69 (-1.6%)
PIAHCLA 16.99 Decreased By ▼ -0.04 (-0.23%)
PIBTL 8.58 Increased By ▲ 0.04 (0.47%)
POWER 9.66 Increased By ▲ 0.56 (6.15%)
PPL 188.00 Decreased By ▼ -0.76 (-0.4%)
PRL 42.42 Decreased By ▼ -0.85 (-1.96%)
PTC 25.26 Decreased By ▼ -0.09 (-0.36%)
SEARL 107.71 Decreased By ▼ -2.71 (-2.45%)
SILK 1.02 Decreased By ▼ -0.01 (-0.97%)
SSGC 42.35 Decreased By ▼ -0.29 (-0.68%)
SYM 18.51 Decreased By ▼ -0.06 (-0.32%)
TELE 9.06 Decreased By ▼ -0.06 (-0.66%)
TPLP 13.39 Decreased By ▼ -0.29 (-2.12%)
TRG 67.90 Decreased By ▼ -0.26 (-0.38%)
WAVESAPP 10.34 Increased By ▲ 0.07 (0.68%)
WTL 1.84 Decreased By ▼ -0.03 (-1.6%)
YOUW 4.01 No Change ▼ 0.00 (0%)
BR100 12,233 Increased By 13.4 (0.11%)
BR30 37,205 Decreased By -112.2 (-0.3%)
KSE100 115,965 Increased By 120.2 (0.1%)
KSE30 36,536 Increased By 60 (0.16%)

The Central Board of Revenue (CBR) will issue letters to all those salaried persons who failed to submit names and addresses of their employers in the income tax returns for the 'tax year 2003'. The CBR on Friday issued instructions to all Commissioners of Income Tax (CITs) that the missing information about the salaried assessees should be obtained from the assessment record available with the concerned income tax zones and, in case of non-availability of data, salaried taxpayers be approached for getting this information.
The CBR has asked the CITs to forthwith submit the information to the Board for compilation of data on national level, which is incomplete due to sketchy information.
The CBR has noted with concern that for the sixth time department has sought information regarding salaried persons, but the commissioners have yet not responded in affirmation.
The CBR has also compiled separate lists of all income tax zones which submitted incomplete information regarding tax returns of salaried class.
The data analysis conducted by CBR showed that some of the salaried assessees have not provided information about the name/address of their employers in the returns for 'tax year 2003'.
Under the universal self-assessment implementation plan, there is need of updating data of employers' name and addresses.
However, the information given on the tax returns is incomplete. Thus, the CBR has asked the RCITs to collect the information for compilation of national database.

Copyright Business Recorder, 2004

Comments

Comments are closed.