Dear Colleagues,
Attached and pasted below, please find two press releases regarding tow important circulars issued today. please use them in your stories. The Amended Annexure-D related to the second Press release is also attached.
with regards, I am
--
Mohammad Shahzad
Secretary PR
Federal Board of Revenue (FBR)
Islamabad
+92 051 920 8407
+92 333 5201233
http://www.fbr.gov.pk/
Press Release
FBR extends date of payment of tax alongwith the return of total income/statement of final taxation for the tax year 2011.
The Federal Board of Revenue issued circular No. 17 of 2011 here today, regarding extension in the date of payment of tax alongw1th the return of total income/statement of final taxation for the tax year 2011.
It has been represented by the All Pakistan Tax Bar Association and other trade bodies of the country that as the date of filing of Return of Total Income/Statement of Final Taxation for the tax year 2011 has been extended upto 21st November, 2011 and the fact that Eid-ul-Azha is approaching and many taxpayers are out of the country for performance of Hajj, the date of deposit of tax may also be extended upto 21st November, 2011.
Therefore, in exercise of powers conferred under section 241A of the Income Tax Ordinance, 2001, the FBR is pleased to extend the date of deposit of tax liability alongwith the return upto 21st November, 2011.
Press Release
FBR Amends Annexure-D to the tax return form for the Tax Year 2011.
The Federal Board of Revenue has issued here today Circular No. 18 of 2011 (Income Tax), regarding amendments in Annexure-D to the Tax Return Form for the Tax Year 2011.
The Circular states that after consultation with the FPCCI , chambers of commerce/trade bodies and tax bars of the country, the following changes are made in Annex-D to the tax return form for the tax year, 2011:-
i. Breakup of "Education of children/spouse/self' is made optional, which can be included in Sr-9.
ii. Breakup of "Traveling (foreign and local)" is made optional, which can be included in Sr-9.
iii. "Motor vehicle in use (whether owned or not) running and maintenance including lease rental and insurance" is simplified as, "Running and maintenance expenses of Motor vehicle(s)"
iv. A new line has been provided to write the Contribution by family members"
Tariq Khattak, Islamabad, Pakistan.
GSM = 0300-9599007 and 0333-9599007
Email: Tariqgulkhattak@gmail.com
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