When one receives a notice of the Federal Board of Revenue (FBR), it can be quite overwhelming, particularly if you do not see the reason why one is being contacted or what action should be taken in response. Remember that a notice is not an accusation; it is only a reminder to be explained. The right attitude even that notice that says you are about to get a stressful encumbrance to your finances can be turned to and another item of your financial housekeeping.
After checking the notice, you are supposed to start drafting a concise and precise response. FBR responses are not the moments of generalities and sentimental explanations. Get straight to the point and respond to each issue mentioned in the notice. When the FBR identifies three distinct problems, then respond clearly and divisively; to each problem you should make a distinct response in a separate and clear way. Accuracy and transparency do not only manifest the cooperation but also enhance your trustworthiness with tax authorities.
You should consider partnering with an accountant, taxation consultant, or professional within the financial field. An optimistic response that is not accurate may cause further problems or even a fine. The help of a professional can guarantee the presentation of facts of your case correctly and that the language used is official and suitable in the process of tax correspondence.
Once you are ready with your answer, it is important to hand in the answer within the stipulated time. Pay the money through the IRIS portal or visit the concerned Regional Tax Office (RTO) in person and make the payment, as directed in your notice. Always remember to record something on your submissions, either a digital receipt or stamp receipt at the office. This will be evidence to show that you have complied within time.
Once submitted, do not suppose that the case is closed. This is a good idea to be call-forward and check up on the officer assigned FBR to ensure that your response is received and is being considered. Not only does this help you avoid delays, but it is also a natural show of good faith that you are ready to take steps to settle this problem. This small follow up action can prevent escalation in most occurrences.
Where the notice contains allegations of unexplained income, inconsistencies in withholding tax or results of an audit, it is more imperative to seek expert legal or tax advisory assistance. A CTA or a tax consultant who has legal knowledge and expertise about taxation law can assist you with interpreting the legal implications of this notice, preparing a formal reply and also to represent you should there be further meetings or hearings. The presence of professional direction may mean the effective resolution of a problem or the escalation of it.
TaxJar PK realizes how fearful FBR notices may seem. This is why we closely collaborate with the leading tax platforms and consultants, so that you never need to approach such circumstances by yourself. You may need assistance in creating document or submitting or even comprehending the notice itself, either way our resources will assist individuals, freelancers, and businesses of any size. Contact us to resolve the relevant issues and get professional assistance.
An FBR notice does not necessarily imply that you are caught. It is just an invitation to explain something in your tax records. You can do it without any worry or implications by familiarizing yourself with the contents of the notice, drafting a clear and substantiated piece of work to the notice and respond properly, and tracking the response in a professional manner.
