ISLAMABAD: The Federal Board of Revenue (FBR) issued manual income tax return forms for tax year 2021. The return form has been issued just a month ahead of filing deadline i.e. September 30, 2021.
The FBR issued SRO 1073(I)/2021 to notify the paper return form for individuals and Association of Persons (AOPs) for tax year 2021.
It is worth mentioning that taxpayers are required to file income tax return file electronically. In this regard the FBR already notified the electronic income tax return form for tax year 2021. The FBR has already notified electronic income tax return form for taxpayers including salaried persons, business individuals, association of persons and companies. The return forms were issued through SRO 853(I)/2021 dated July 01, 2021.
The latest paper income tax return form issued through SRO 1073(I)/2021 is for certain individuals and AOPs. However, tax experts believe that giving one month to taxpayers to comply with statutory requirement is not justified.
The FBR issued SRO 1022(I)/2021 on August 16, 2021 to notify the draft paper income tax return forms.
