AMC Business Consultant ATL Rule 2024

New Rule 2024 for ATL (Filer, Non Filer) (Active, In-active) S.R.O. 1638(l)/2024

S.R.O. 1638(l)/2024

Short Explanation by

AMC Business Consultants

 

FBR has announced the new ATL policy 2024 for Filer/Non filer & Active /inactive Taxpayers by releasing the updated SRO (S.R.O. 1638(l)/2024)

 

  • Taxpayers need to file only current year’s return to fall in Active Taxpayer list before the due date.
  • If current year’s tax filled after due date, Taxpayer need to file ATL Surcharge for the same year to be filer / Active Taxpayer. The surcharge amount will be as per rule sub-section 1 of section l82A of the Ordinance.
  • The Companies or AOPs incorporated after the 30th June, will be added in ATL without filing any return.

 

Further requirements of ordinance regarding return filing u/s 114(4) and notices will remain same. For further details and reference please review the Notification S.R.O. 1638(l)/2024 issued by FBR dated 18th October, 2024.