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FBR releases Active Tax List for 2020 tax year

Pakistani Rupees, Pakistani currency notes FBR releases Active Tax List for 2020 tax year. The Federal Board of Revenue (FBR) on Monday released a list of over 2.1 million income tax returns of active taxpayers for taxpayers 2020 as of March 1, 2021. Income tax return for the 2020 tax year has now risen to 2.62 million compared to 2.43 million last year, indicating an increase of 8%.However, the updated ATL contains data from more than 2.1 million taxpayers as the rest have not paid the late filing charge. Must be on latest ATL. The list of active taxpayers of Azad Jammu and Kashmir should be treated at par with ATL (Income Tax) after amendment of Income Tax Ordinance 2001 through Finance Act 2018. Earlier, the FBR’s List of Active Taxpayers (ATL) was linked with the Income Tax Return for the tax year 2019. The Active Taxpayer List (ATL) is…