New tax return forms issued

The Central Board of Revenue (CBR) has issued the draft of new ''Income Tax Return'' Forms, applicable for the ''Tax year 2005''. The CBR has issued notification to circulate the draft of the new forms. The CBR has asked the taxpayers to examine these forms and give their feedback within seven days before the final forms are notified.
The tax authorities have clarified that in principle there is no change in the forms except some minor changes necessitated in the light of the changes in the law and feedback received from taxpayers, tax bars, chambers of commerce and industry, trade associations, etc.
The draft of the new forms is available on the Website of CBR at www.cbr.gov.pk.