Closure of Audit u/s 214E for Taxpayer having income from salary/ business/ property/ capital gain and other sources

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Taxpayers who have received 177(1) Notice for Audit /(214D) are advised to follow the below stated procedure or requesting closure of audit u/s 214E. The taxpayers need to login Iris through their registered account. Please note that this e-procedure for audit closure is applicable for Taxpayers who DO NOT have process initiated already u/s 122(9) before October 8th, 2018.

For taxpayers having income from other than salary , FTR, PTR, i.e. business/ property/ capital gain and other sources, the following steps are to be followed:

1 – Access Iris through the URL https://iris.fbr.gov.pk/public/txplogin.xhtml and login with your registered account credentials.

2 – After Login to Iris, user can find a tab in main menu with the title “214E”. Mouse over the menu tab will load the link for task “114(6)(b) Application for revision of Return of income u/s 214E” as shown in image provided below.

Please note that in order to submit 114(6) Return of income filed after revision u/s 214E it is mandatory for that taxpayer to submit 114(6)(b) Application for the revision of Return of Income u/s 214E.

3 – Click on provided link for task link for task “114(6)(b) Application for revision of Return of income u/s 214E”. Iris will load Application task window with a message to select year. Click on “Period” button to select the desired tax year as done for filing Tax Return.

4 – After Tax Year selection, user can see the application task window with a “Content” tab open by default. User can write the application content in the provided space.

5 – After adding the content, click on “Save” button to keep the task/application as draft for later submitting or directly click on “Submit” button to submit the application for revision of Return for income. Please note that once submitted, the application will be no longer editable.

Please note that application for revision u/s 214E can only be applied in case a notice u/s 177(1)/ 214D has been issued to the taxpayer.  So in case an error message is displayed,  kindly contact your respective RTO.

6 –   The Commissioner has three days to approve the application else the system will automatically allow for revision of return u/s 214 on the fourth day.

7 – To create revised Return for Income click on the link for “114(6) return of Income field after revision u/s 214E” provided under the main menu of 214E as shown in image provided below.

8 – Iris will load 114(6) return of income field after revision u/s 214E with Computation section enabled under the “Data” tab of Return. Taxpayer can view the penalty amount pre-calculated by the system as per applied laws and displayed under column “Amount Subject to Normal Tax”.

It is not mandatory for taxpayers to change figures in the return during revision. The taxpayer then needs to deposit the amount due calculated by the system in the bank against section “Closure of audit u/s 214E”. The respective bank will issue a CPR to the taxpayer that needs to be attached with the application for closure of audit task.

9 – To attach the CPR, click on Payments tab from the task window and then click on “+” sign as shown in below screen.

10 – When user clicks on “+” sign, a “Search CPR” window will be displayed on screen. Based on Taxpayer’s payments, all CPRs will be listed in this window. Click on “Select” link given under “Action” column against desired CPR number.

11 – Iris will load the selected CPR under payments section. To attach another CPR repeat step 10.

12 – After attaching CPR click on save to keep the Task/Return as draft for later submitting or directly click on “Submit” button to complete the task. Please note that once submitted, the return will be no longer editable.

On successful submission “114(6) return of Income field after revision u/s 214E” the system will validate payments as per attached CPRs with the return and will automatically issue an order to close the audit.

Note: The above stated process is for Taxpayers having income from salary/ business/ property/ capital gain and other sources as well. For Taxpayers having income only from salary, FTR and PTR please follow instruction for “Closure of Audit u/s 214E for taxpayer having income from salary and FTR/PTR”.

 

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