PTBA Demands 90 Days Date Extension for Taxpayers Profile Update

PTBA has demanded FBR to extend the last date for taxpayers profile update at least for 90 days as system glitches are creating hurdles in making compliance. PTBA sent a letter to FBR chairman highlighting issues related to updating the profiles of the taxpayers up till December 31, 2020 in compliance of the provisions of Section 114A of the Income Tax Ordinance, 2001 inserted through Finance Act, 2020. Therefore, PTBA has demanded 90 days date extension for taxpayers profile update.

The Section has made it compulsory for the taxpayers to update their profile electronically containing various information such as bank account, utilities etc. Therefore, failure to file the prescribed form will also trigger the penal provisions as well as exclusion of the taxpayers from ATL list.

PTBA also pointed out that the icon for the profile update is also appearing in the portal of the e-intermediary however, it does not work to update the profiles of the taxpayers appearing the portal of such e-intermediaries. The said issue needs to be rectified as most of the taxpayers rely on their representatives to do the e-filing work in this regard.

The necessary amendments needs to be made into IRIS system to allow the taxpayers to update their profile at the time of registration as the said updating is time consuming, cumbersome process as well as duplication of the information put through form 181.