Karachi: Tax professionals have requested the Federal Board of Revenue (FBR) to remove forms about income returns by overseas Pakistanis, according to a news report. This statement has been given by the Karachi Tax Bar Association (KTBA) President Khalid Mahmood who said that non-resident Pakistani citizens shouldn’t be required to file income returns unless they earn in Pakistan.
Mahmood gave this statement while reviewing the draft return form, section 114 (1) of which states that there is no need for non-residents to file any return if they aren’t earning in this country.
The KTBA made observations that in the wealth reconciliation statement under the head “other” appearing in both the “inflows” and “outflows”, a separate description box should be added which can facilitate the taxpayers and also help in preventing unnecessary notices by the officer.
