IT returns sans wealth statement acceptable

November 20, 2013 2:31 AM

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IT returns sans wealth statement acceptable

ISLAMABAD: The Federal Board of Revenue (FBR) announced on Tuesday that income tax returns for the tax year 2013 will be accepted without wealth statement.

An official announcement said that the wealth statement exemption will be available in the cases of individuals whose last declared or assessed income or the declared income for the year was less than Rs1 million.

FBR’s web portal is also accepting statements u/s 115(4) for the tax year 2013 without wealth statement of those individuals who fall under final tax regime (FTR) and have paid withholding tax less than Rs35,000, added the announcement.

The taxpayers are further advised to call the FBR’s call centre which operates round the clock for further assistance in filing the returns and statements, the press release added.

Source: dawn.com

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