Eyeview Consultants

30/07/2021

Call us or inbox us for filling of tax returns, your case will be done with professionalism and confidentiality

28/07/2021

Date of return of filing is not extented, so, arrange your records and call aur inbox for filling of tax returns

17/07/2021

AoA,

Hope you are doing well and staying safe. Since the Financial Year 2021 has ended on June 30, 2021, the return for the same is available for filling now. You are requested to please arrange the documents applicable / required from you for filing your return at the earliest. Last date for filing of return 2021 is 30-09-2021.

15/07/2020

Taxpayer’s profile - Particulars Required

fully state, in the specified form and manner, the relevant particulars of

(i) bank accounts;
(ii) utility connections;
(iii) business premises including all manufacturing, storage or retail outlets operated or leased by the taxpayer;
(iv) types of businesses; and
(v) such other information as may be prescribed;

15/07/2020

Taxpayers are mandatorily required to update their profile in order to keep their name in the Active Taxpayers List

Amendment has been made to Income Tax Ordinance, 2001 through Finance Act, 2020.

A new sub-section 2 has been included to Section 182A of the Ordinance, to make it mandatory for taxpayers to update their profile on the FBR’s online system in order to ensure their names are on the ATL.

The new sub-section is read as:

“(2) Where a person fails to furnish or update a taxpayer’s profile within due date or time specified in sub-section (3) of Section 114A or within the date as extended by the Board (FBR) under Section 214A, such person shall not be included in the active taxpayers’ list for the latest tax year ending prior to the aforesaid due date or extended date:

“Provided that without prejudice to any other liability under this ordinance, such person shall be included in the active taxpayers’ list upon filing the taxpayers’ profile after the due date or extended date, if the person pays surcharge at Rupees –

(a) twenty thousand in case of a company;

(b) ten thousand in case of an association of persons; and

(c) one thousand in case of an individual.”

Through the Finance Act, 2020 fine and penalty have also been prescribed:

Any person who is required to furnish or update a taxpayer’s profile but fails to furnish or update within the due date: such a person shall pay a penalty of Rs2500 for each day of default from the due date subject to a minimum penalty of Rs10,000

14/01/2020

18/10/2019

25/08/2019