The Federal Board of Revenue (FBR) has received 19,331 income tax returns from the corporate sector during first half of 2010-2011 against 17,071 returns in the same period last fiscal, reflecting a healthy increase of 2260 returns.
The FBR's analysis of income tax returns issued on Thursday revealed that out of 2,984,563 NTN holders, only 1,965,752 have filed income tax returns and statements during first half of 2010-2011 as compared to 1,919,802 taxpayers who filed income tax returns during the corresponding period last year indicating a growth of 2.4 percent.
However, the compliance ratio has improved to 67 percent during the period. Corporate sector has filed 19,331 income tax returns during the period under review, whereas during the same period of last year 17,071 returns were filed. Thus, a positive growth of 13.2 percent has been recorded. The Association of Persons (AOPs) has also filed 12.9 percent higher returns during first half of the CFY. On the statement side, total of 1,240,493 statements have been filed by individuals, importers, exporters, contractors and retailers etc, depicting a growth of 2 percent over the corresponding period of last year, the report added.