C.No. 1(I)SS(TPA-11)/2020, Islamabad 24th April, 2020

PRESCRIBED PROCEDURE FOR CONCLUSION OF AUDIT U/S 214E FOR OMITTED SECTION 214D OF THE INCOME TAX ORDINANCE, 2001 BY THE BOARD GOVERNMENT OF PAKISTAN FEDERAL BOARD OF REVENUE [TAXPAYERS AUDIT WING] **** C.No. 1(1)SS(TPA-11)/2020 Islamabad 24th April, 2020 To, All Chief Commissioners Inland Revenue. LTUs/CRTOs/RTOs. Subject; PRESCRIBED PROCEDURE FOR CONCLUSION OF AUDIT U/S 214E FOR OMITTED SECTION 214D OF THE INCOME TAX ORDINANCE, 2001 BY THE BOARD The Existing provision of Section 214E of the Ordinance has been amended vide Tax Law (Second Amendment) Ordinance 2019 under which the Federal Board of Revenue has to prescribe procedure under sub-section 2 of section 214E of the Income Tax Ordinance, 2001 for conclusion of audit of Income Tax affairs of a person automatically selected for audit under omitted section 214D. It may also include acceptance of declared income of a taxpayer for a tax year subject to conditions specified therein. 2. In view of the above and in order to conclude audit of the pending cases selected under Section 214D for the tax years 2015, 2016 and 2017, a procedure has been framed for three classes of persons i.e. Individuals, AOPs and Companies whereby all field formations shall conclude audit cases accordingly. IT wing of FBR will provide relevant data to all commissioners in their logins who will conclude the audit after thorough scrutiny on the basis of available data. 3. The above three classes of persons may be scrutinized against…