The Federal Board of Revenue (FBR) has introduced draft income tax return and wealth statement forms for electronic filing for the Tax Year 2015 for all taxpayers including individuals, AoPs and companies along with statement of assets and liabilities, respectively.
The FBR has issued a notification SRO.850(I)/2015 on Monday stating that the draft return forms has been published for the information of stakeholders and it will be taken into consideration after 15 days for publication into official gazette. Any objection or suggestion, which may be received from any person, in respect of the draft, before the expiry of the period shall be considered by the FBR.
Sources further told that the income return to be submitted by companies till September 30 for those having calendar year ending December 31 and for those having fiscal year ending June 30 may file by December 31 and in case of non corporate taxpayers like Individuals and AOP(s) it shall be filed by September 30, 2015 while statement of assets and liability, ie, Wealth Statement shall also be submitted by all individual taxpayers for the tax year 2015.