New Income Tax Form Agricultural income and profits of savings schemes must also be declared – Express Urdu

Salary earners may also have to supply particulars of revenue from different sources, advantages from different schemes together with welfare financial savings (Photo: File)

Islamabad: The Federal Board of Revenue (FBR) drafted the Income Tax Return Form for Tax Year 2020, FBR members instructed the media on Wednesday. Will give a briefing.

According to the Express, a draft of Income Tax Return Form 2020 has been issued for taxpayers, salaried staff, stating that salaried staff must present their wage particulars within the tax yr 2020 revenue tax return.

According to the draft, salaried individuals may also have to supply particulars of revenue from different sources, revenue financial savings and income from different schemes. They may also have to supply particulars of bills.

The FBR additional states that particulars of agricultural revenue should even be offered whereas all particulars of firms and property should even be given within the tax returns.

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