The Federal Board of Revenue (FBR) has strongly refuted social media claims suggesting that amendments have been made to the Tax Return Form 2025, clarifying that the form remains unchanged and taxpayers should file their returns by the September 30 deadline.
Contents
Income Tax Return Form Already Available OnlineMarket Value Declaration at Taxpayer’s DiscretionNo Need to Revise ReturnsIRIS System Working SmoothlyCampaign Against Misinformation
In an official press release issued on Thursday, the FBR stated
“It has come to our notice that certain elements are spreading baseless rumors on social media regarding the Income Tax Return 2025. We categorically clarify that no changes or amendments have been introduced in the return form through any new SRO.”
Income Tax Return Form Already Available Online
The tax authority highlighted that the Income Tax Return Form 2025 was made available on its official website on July 7, well before the filing season began. The form includes a requirement to mention the market value of assets on page 66.
However, it was observed that many taxpayers were entering “zero” in this field. To ensure accuracy and transparency, the system has now been updated to restrict such entries, compelling taxpayers to provide a more realistic figure.
Market Value Declaration at Taxpayer’s Discretion
The FBR clarified that providing the market value of assets is optional for most taxpayers, except for high-net-worth individuals who are already bound to disclose these details under Section 7A of the Income Tax Ordinance.
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For general taxpayers, the disclosed values will not affect their tax liability or calculations. Therefore, no notices will be issued in case of errors or mismatches. However, taxpayers are expected to report asset values as close to the market rates as possible.
No Need to Revise Returns
Addressing concerns of those who have already filed their returns, the FBR confirmed that there is no need to revise or re-file. The entries relating to asset values do not influence tax computation or wealth statement reconciliation.
IRIS System Working Smoothly
The board also reassured taxpayers that the IRIS online filing system is fully functional, and there are no technical hurdles in the submission process. It urged citizens to avoid waiting until the last date and submit their returns at the earliest.
The FBR further reminded that September 30, 2025, is the final deadline for filing returns, and taxpayers who fail to comply may face penalties under income tax laws.
Campaign Against Misinformation
Officials emphasized that misleading posts circulating on social media are intended to confuse taxpayers. The FBR has appealed to the public to rely only on official announcements made through its verified platforms and website.
With the filing deadline approaching, the FBR has assured full support to taxpayers and reiterated its commitment to maintaining transparency, efficiency, and ease in the return filing process.
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