Thursday, 1 December 2022
Trending
TAXATION

Income Tax Return Filing reached at it’s peak

Income tax return filing reached at it’s peak of 3.03 million for tax year 2019, according to weekly Active Taxpayers List (ATL) updated on Monday.

The FBR issued the weekly ATL – 2019 updated on the basis of returns filed up to January 10, 2021. The ATL-2019 will remain applicable till February 28, 2021 as the FBR will issue new ATL for tax year 2020 on March 01, 2021. The return filers including salaried persons, business individuals, Association of Persons (AOPs) and companies can check their names on the ATL by visiting How to check ATL status?

The filing of income tax return is mandatory for persons driving taxable income or specified under Section 114 of Income Tax Ordinance, 2001. The appearance of names on the ATL is only possible after filing income tax returns within due date. For non filers of income tax returns the rate of withholding tax will 100 percent on various transactions.

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants-Tax-News-FBR
A d v e r t i s e m e n t

If Persons fail to file tax returns within the due date then after payment of fine to FBR the status will active. A taxpayer needs to check status of ATL before making transactions in order to avail reduced rate of tax rates.

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants
A d v e r t i s e m e n t

How to check active taxpayer status

Active Taxpayer status can be checked in the following three (3) methods:

1) – VERIFICATION THROUGH ONLINE PORTAL

The ATL status check allows you to confirm your Active Taxpayer status.

2)- Check active taxpayer status by sms

Check Individual’s Active Taxpayer status by SMS through the following method:

Type “ATL (space) 13 digits Computerized National Identity Card (CNIC)” and send to 9966.
Check Active Taxpayer status of AOP and Company by SMS through the following procedure:
Type “ATL (space) 7 digits National Tax Number (NTN)” and send to 9966.

Check AJ&K Active Taxpayer status by SMS through the following procedure:

For Individual, type AJKATL (space) CNIC (without dashes). Send it to 9966.
Having NTN AJKATL (space) 11 digit NTN (without dashes). Send it to 9966.

3)- Check active taxpayer status by downloading ATL

You can also download ATL from: Active Taxpayer List (Income Tax). With the amendment in the Income Tax Ordinance 2001 through Finance Act 2018 now the Active Tax Payer’s List of AJK (Azad Jammu & Kashmir) is considered equal with the ATL (Income Tax) .

FBR appealed to all taxpayers to file income tax returns before march 2021 | ALSO READ

Active taxpayer benefits

Lower rates of tax deduction at source by banks on both profits and cash withdrawals

Reduction on withholding tax (tax already deducted from your income and gains) when registering and transferring motor vehicles

Lower rate of tax on buying and selling of property

Lower withholding tax rate on capital gains on sale of securities

Charges for tax on dividend will be lower

Lower rate of withholding tax on prize bond winnings

Allows you to claim back overpaid tax that has been withheld

Active Taxpayer Benefits |

Source | FBR | Federal Board of Revenue | Active Taxpayer List | Active Taxpayer Benefits | Income Tax Return | Last Date for Filing Income Tax Return |

LATEST POSTS

  • What is the New Tax Deadline for 2022 Pakistan
    What is the New Tax Deadline for 2022 Pakistan What is the New Tax Deadline for 2022 Pakistan? Federal Board of Revenue (FBR) has issued a circular to relax the income tax return filing deadline up to December 15, 2022….
  • What is Section 154A 1% Tax on IT Export Services
    What is Section 154A 1% Tax on IT Export Services What is Section 154A 1% Tax on IT Export Services? As you know Income from IT and IT-enabled services were exempt from income tax previously. Then through tax laws (Second…
  • Will FBR Extend the Last Date to file Income Tax Returns
    Will FBR Extend the Last Date to file Income Tax Returns? Will FBR Extend the Last Date to file Income Tax Returns? The majority of taxpayers have filed their income tax returns for the tax year 2022. However, Still, tax…
  • New Business Ideas in Pakistan for Females
    New Business Ideas in Pakistan for Females New Business Ideas in Pakistan for Females. Nowadays females are in front of getting a higher education and performing well in practical life also. Getting a good job is a big life achievement…
  • What RTO Lahore achieved in Tax Returns and Revenue
    What RTO Lahore achieved in Tax Returns and Revenue What RTO Lahore achieved in Tax Returns and Revenue. According to a media report, FBR Regional Tax Office (RTO) Lahore has recently acquired about 477,000 annual Income Tax Returns. Revenue generation…
  • FBR Iris Website is currently Under Maintenance
    FBR Iris Website is currently Under Maintenance FBR Iris Website is currently Under Maintenance. As per FBR‘s information on his IRIS website, the website is currently unavailable and is under maintenance. FBR said, ” We are sorry for the inconvenience,…

Related posts
TAXATION

What is the New Tax Deadline for 2022 Pakistan

Table of Contents What is the New Tax Deadline for 2022 PakistanWhich Persons are Required to File…
Read more
TAXATION

Will FBR Extend the Last Date to file Income Tax Returns

Table of Contents Will FBR Extend the Last Date to file Income Tax Returns?FBR extended date of tax…
Read more
TAXATION

What RTO Lahore achieved in Tax Returns and Revenue

Table of Contents What RTO Lahore achieved in Tax Returns and Revenue What RTO Lahore achieved in…
Read more
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.