AGL 40.03 Increased By ▲ 0.02 (0.05%)
AIRLINK 129.31 Increased By ▲ 2.31 (1.82%)
BOP 6.80 Increased By ▲ 0.11 (1.64%)
CNERGY 4.64 Increased By ▲ 0.13 (2.88%)
DCL 8.63 Decreased By ▼ -0.01 (-0.12%)
DFML 40.95 Decreased By ▼ -0.09 (-0.22%)
DGKC 85.74 Increased By ▲ 0.13 (0.15%)
FCCL 33.00 Decreased By ▼ -0.11 (-0.33%)
FFBL 66.53 Increased By ▲ 0.43 (0.65%)
FFL 11.46 Decreased By ▼ -0.09 (-0.78%)
HUBC 110.58 Decreased By ▼ -0.53 (-0.48%)
HUMNL 14.63 Decreased By ▼ -0.19 (-1.28%)
KEL 5.24 Increased By ▲ 0.07 (1.35%)
KOSM 8.11 Increased By ▲ 0.45 (5.87%)
MLCF 40.07 Decreased By ▼ -0.14 (-0.35%)
NBP 60.51 No Change ▼ 0.00 (0%)
OGDC 195.47 Increased By ▲ 1.37 (0.71%)
PAEL 27.10 Increased By ▲ 0.38 (1.42%)
PIBTL 7.64 Increased By ▲ 0.27 (3.66%)
PPL 155.82 Increased By ▲ 2.03 (1.32%)
PRL 27.37 Increased By ▲ 1.16 (4.43%)
PTC 18.56 Increased By ▲ 1.38 (8.03%)
SEARL 85.10 Decreased By ▼ -0.50 (-0.58%)
TELE 7.90 Increased By ▲ 0.33 (4.36%)
TOMCL 34.88 Increased By ▲ 0.49 (1.42%)
TPLP 9.22 Increased By ▲ 0.40 (4.54%)
TREET 16.81 Decreased By ▼ -0.01 (-0.06%)
TRG 62.86 Increased By ▲ 0.31 (0.5%)
UNITY 27.75 Increased By ▲ 0.46 (1.69%)
WTL 1.30 No Change ▼ 0.00 (0%)
BR100 10,182 Increased By 70.3 (0.69%)
BR30 31,388 Increased By 200.7 (0.64%)
KSE100 95,857 Increased By 861 (0.91%)
KSE30 29,683 Increased By 201.6 (0.68%)

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.