FBR notifies amended income tax return form
ISLAMABAD: The Federal Board of Revenue (FBR) has notified the amended income tax return form for tax year 2026. According to an SRO.1495(I)/2026 issued by the FBR on Thursday, the FBR has amended Income Tax Rules, 2002. In the aforesaid Rules in the Second Schedule, after Part-II-ZD, the following new Pan-ll-ZE. Part-l!-ZF, Part-lI-ZG and Part-II-ZH shall be added. A tax expert said that the…
On Thursday, the Federal Board of Revenue (FBR) issued an SRO.1495(I)/2026, amending the Income Tax Rules of 2002. These amendments introduce four new sections: Part-lI-ZE, Part-lI-ZF, Part-lI-ZG, and Part-II-ZH, to be added after Part-II-ZD in the Second Schedule. A tax expert voiced concerns over the timing of these changes, deeming them confusing and unjustified, especially considering the statutory deadline for filing returns is 30 September 2026.
This sudden alteration could pose significant legal and technical challenges for both taxpayers and tax practitioners, the expert argued. The FBR is urged to swiftly clarify these modifications, lest taxpayers face difficulty submitting returns within the stipulated timeframe.
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