KARACHI:- Karachi Tax Bar Association (KTBA) has informed the Federal Board of Revenue about a number of issues persisting in e-filing of income tax returns through automated IRIS system.
In a letter written to Muhammad Irshad, Member (IR Operations) and Rehmatullah Khan Wazir, Member (IR Policy), KTBA said that web portal is summing up the different tax liabilities instead of comparing them and calculating tax liability. The system is working out tax liability at the higher of the two, KTBA said in the letters.
It further said that appropriate accounting period of companies who have been permitted to adopt special tax year are not being shown and all returns are showing an accounting period of July to June.
KTBA suggested that tax-payer should be given the liberty to define the accounting period.
It is worth mentioning the FBR recently transferred IT head as IRIS and other automated programmes of FBR are malfunctioning causing problems for filers.