- Taxpayers fear they may need to re-file.
- FBR says no new SRO has been issued.
- Filing deadline for income tax returns remains Sept 30.
ISLAMABAD: The Federal Board of Revenue (FBR) has issued a clarification regarding changes made to the income tax return form 2025, just days before the deadline for filing returns.
The deadline for filing income tax returns remains September 30, the FBR said.
However, reports emerged that a new column had been added to the IRIS form, requiring taxpayers to disclose the market value of their assets. This development caused concern among taxpayers, especially as the filing deadline draws near.
In its clarification, the FBR stated that no new SRO has been issued in this regard. The additional column, it said, had been incorporated into the form on August 18.
The stated purpose of the new column is to determine the market value of assets, enabling the collection of authentic data for better policymaking.
The FBR stressed that the requirement to declare the market value of assets has no bearing on tax liability and would not be used to initiate proceedings against any taxpayer.
