The Federal Board of Revenue (FBR) on Friday issued a Statutory Regulatory Order (SRO) restraining the tax department from seeking break-up of other personal and household expenses from the income tax return filers. In this connection, the FBR issued SRO 978(I)/2011 on Friday to amend the Annex-D of the SRO 850(I)/2011 of September 19, 2011.
According to the notification of October 21, the taxpayers will only provide a lump sum figure as "personal and household expense" at serial number-9 of Annex-D (Details of Personal Expenses for Individual) of the income tax return form for Tax Year 2011. They would not provide information about the repair/maintenance of residence, driver/servants, food, clothing, medical, marriages and functions.
Previously, it was mandatory for the taxpayers falling within the category of individuals to give details of other personal and household expenses including repair/maintenance of residence, driver/servants, food, clothing, medical, marriages and functions. The FBR has amended the income tax return form for individuals relaxing conditions of the Annex-D of the income tax return form for individuals.
Resultantly, the taxpayers would only provide details of personal expenditure of residence electricity bills, residence telephone/mobile/internet bills, residence gas bills, residence rent/ground rent/property tax/fire insurance/security services/water bills, education of children/ spouse/ self, travelling (foreign and local), motor vehicle in use (whether owned or not) running and maintenance including lease rentals and insurance, Club membership fees/bills, total personal expenses and number of family members/dependants.
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