FBR issues updated guidelines for income tax return filing

The Federal Board of Revenue has published updated guidelines for income tax return filing for the current tax year, introducing new schedules for business income, capital gains, and asset declarations.

Salaried individuals and small businesses will notice a streamlined web portal, while larger corporate filers must now submit additional data about foreign assets and beneficial ownership.

Our team is reviewing the revised schedules and can walk you through the new forms, ensure your books are aligned, and file returns well before the deadline to avoid late-filing penalties.