KARACHI: Tax professionals accept requested the Federal Board of Revenue (FBR) to annul the anatomy about assets allotment filing by non-resident Pakistani aborigine in afresh proposed abstract acknowledgment forms adage that it is adjoin the law and is creating confusion.
The Karachi Tax Bar Association (KTBA)’s admiral Khalid Mahmood said non-resident Pakistani citizens are not appropriate to book acknowledgment of assets unless they acquire any assets in Pakistan. However, the abstract acknowledgment anatomy SRO from Page 35 to Page 37 contains a new anatomy for non-residents. As per breadth 114(1) there is no claim for Non-Resident to book any acknowledgment if there is no income.
The KTBA fabricated assertive observations while reviewing the abstract acknowledgment forms and acicular out that the forms accept been fabricated accessible alone for individuals and AOPs but not for companies and accordingly companies with Special Tax Year cannot review their acknowledgment forms for filing.
At the time of filing abundance statement, the IRIS asks for boondocks cipher which is neither accessible nor authentic in the abstract acknowledgment anatomy SRO. Further, it not out of abode to highlight that boondocks arrangement does not abide in Karachi anymore and back aftermost quarter of 2013, Karachi is disconnected into District Municipal Corporations. Thus, KTBA appropriate that arrangement should accept absolute annual of areas facilitating aborigine to baddest breadth accordant in his case.
The tax anatomy said in abundance adaptation annual beneath the arch “other” actualization in both the “inflows’’ and “outflows” a abstracted description box should be added. This will facilitate not alone the taxpayers but will additionally be accessible in preventing unnecessary notices by the officer.
Under the bacon acknowledgment form, acreage for tax deducted Us 149 is not available. This aberration is begin in the IRIS. The Abstract acknowledgment on the IRIS is additionally not accretion tax payable on salary.
Only annual cardinal is printed on abundance annual and added advice such as coffer name, annex name and abode is not printed which creates botheration for the aborigine as able-bodied as for the department. It is appropriate to aish this anomaly, the KTBA added.
In a letter to the Chairperson FBR, Rukhsana Yasmin, Admiral KTBA added appropriate that instructions accustomed in the aftermost of the acknowledgment forms charge updation as per law. “The WWF paid in the arena of Sindh to the Sindh Revenue Board (SRB) has to be considereda permissible tax amount or a bonafide allowance, appropriately crave admittance in the form”.
Also, the chief citizen’s abatement is not actuality affected on IRIS while on the acquittal ancillary it has been empiric with affair that the codes of Banks and their branches are accessible at actual bound cardinal which compels the tax payer to put the cipher of the capital annex of the Bank. This aberration can calmly be addressed if the abstracts of codes of banks and their branches is asked for from the Pakistan Banks’ Association and fabricated available, it added.
The KTBA suggests that “Page-Wise Import” affection may be enabled so that aborigine may baddest alone the appropriate data. This will absolutely abate bushing of acknowledgment anatomy considerably.
It is additionally appropriate by tax able that in the cases area on the base of acknowledgment there is tax refundable, arrangement should automatically facilitate bearing of acquittance appliance beneath breadth 170 in assigned manner.
The KTBA said addition of assorted forms additionally creates botheration for the taxpayers and requires action of their consultants.
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