KARACHI: As many as 18,270 individuals and companies filed income tax returns for tax year 2016 during the last week.
As per the Active Taxpayers List (ATL) for tax year 2016, the Federal Board of Revenue (FBR) received total 1,084,390 returns till March 26 as compared with 1,066,120 by March 19, 2017. Over 18,000 taxpayers have filed their income tax returns for tax year 2016 during past week in order to avoid automatic selection of audit besides fine and penalties.
The FBR issued new ATL of those taxpayers who filed income tax return for tax year 2016 effective from March 01, 2017. Since introduction of new ATL about 72,770 return-filers added to the existing ATL.
The FBR sources said that number is increasing significantly due to fear of audit. They said that the taxpayers were making compliance in order to avoid automatic selection of audit. Under Income Tax Ordinance, 2001 a non-filer of tax return would be selected automatically for the audit.
