ISLAMABAD: Federal Board of Revenue (FBR) has received 1.215 million tax returns for fiscal year 2016-17 by July 15.
As pet the latest Active Taxpayers List (ATL) for the week ended July 15, the FBR received 1,215,356 income tax returns despite the fact that the government revised the withholding tax rates upward in the latest budget.
The appearance in the ATL is mandatory for a taxpayer to avail the reduced rate of withholding tax while making certain transactions, including banking and property.
