Federal Board of Revenue is pleased to announce significant amendments in the Income Tax Rules, 2002, as notified via S.R.O. 1638(I)/2024, dated 18th October 2024. These amendments, issued under section 237 of the Income Tax Ordinance, 2001, are aimed at improving the efficiency and responsiveness of the Active Taxpayer’s List (ATL) system.
Under the new amendments, the ATL will now be updated on daily basis, replacing the previous practice of weekly updates. This adjustment ensures that taxpayers who meet their filing obligations are reflected as active taxpayers promptly, enhancing real-time accuracy and facilitating compliance. Taxpayers who submit their Income Tax Returns (ITR) for the latest tax year (2024) by the due date, or within any extension granted, will be included in the ATL immediately.
Additionally, taxpayers who file their returns after the due or extended date may still be included in the ATL upon payment of the surcharge specified in section 182A of the Income Tax Ordinance.
