Workbooks for taxpayers

Published August 24, 2005

ISLAMABAD, Aug 23: The Central Board of Revenue (CBR) has developed workbooks with in-built calculations and formulas for facilitating and educating the taxpayers.

CBR Member Facilitation and Tax Education Habib Fakhruddin said that besides assisting taxpayers to understand their rights as well as obligations, these workbooks would also help tax professionals to prepare standardize and error-free income tax return, statement and annex for the tax year 2005.

He said that while developing these workbooks, it had been kept in mind to make them useful to maximum possible extent to deal with all of the most common tax problems/situations. The users must remember that all the sheets of these workbooks were protected except the fields/cells distinctly coloured and requiring data input, he added.

However, complex and unique tax situations may need specific corrections and adjustments in these calculations by the user. A separate sheet is used for each return form, statement and annex and named accordingly. All these individual sheets are inter-connected with each other for various calculations. Deleting any of the sheets will affect the calculations of the entire workbook, the member said.

“Therefore, do not delete any form, statement or annex (sheet of the work book). Just ignore and do not print the form, statement or annex which is not applicable in a specific case,” he added.

He said that these workbooks could also be accessed and downloaded from the CBR’s website (www.cbr.gov.pk).