In a press release issued by the FBR, he urged the people to benefit from the opportunity and file their tax returns in time to avoid difficulties. He said according to the income tax ordinance, filing of the tax return is compulsory for those who own a house larger than 500 square yards or a vehicle over 1000cc. “According to Clause 181AA of The Income Tax Ordinance, 2001, it is imperative for the commercial and industrial gas and electricity consumers to become part of the active taxpayers list (ATL),” the FBR statement added.
Last month, Zaidi had said the FBR was working on a long-term strategy for expanding the tax net in the country. He had underlined the need for building confidence of the business fraternity for jacking up the economic sector of the country.
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