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30 August 2025
Author: Asif S Kasbati (FCA, FCMA & LLB)
A. Background (BG)
1. This refers to the related Important TLQCs in trail, blue, italic and double Line (a) 3197 of 12.7.25 about SRO 1213 Draft So-called Simplified Electronic ITR Salaried Individual, etc (not having business income) Form for TY 2025 with more information (b) 3195 of 10.7.25 about Delayed Draft Electronic 8 IT Return Forms for TY 2025 - SRO 1212 & KCV (c) 1224 of 9.11.20 about Stepwise Deadlines for Timely notifying IT Return Forms.
2. We also refer to several Other TLQC including (a) 2806 of 25.6.24 about TY 2024 Delayed Draft IT Manual Return Forms & Action (b) 2383 of 21.6.23 about TY 2023 Delayed Draft IT Manual Return Forms & Action.
B. Updated Commentary
Further to KQU 3518 of 19.8.25, being an important matter, we would inform you about SRO 1561 of 18.8.25 - Simplified electronic Income Tax Return for tax year 2025 for individuals (Attachment 3243.1) having 24 pages with Streamlined income source selection, specific deductions for property maintenance with following additional details:
Ø Mandatory detailed entries for bank profits and withholding taxes.
Ø The verification code now has 6 digits.
Sr no. | Simplified Electronic Return for Individuals | Page no. |
1 | Start filing your income tax return | 3 |
2 | Your salary | 4 |
3 | Your pension | 5 |
4 | Your rent from property | 6 |
5 | Your details of payment for services | 7 |
6 | Your profit on bank account | 8 |
7 | Your dividends | 9 |
8 | Your withholding taxes | 10 |
9 | Tax Relief, Reductions & Credits | 11 |
10 | Re-enter bank account details | 12 |
11 | Add bank account(s) | 13 |
12 | Re-enter property details | 14 |
13 | Your personal assets and liabilities | 15 |
14 | Select a property for exclusion from tax | 16 |
15 | Select any additional property (ies) for exclusion from tax | 17 |
16 | Provide Fair Market Value (FMV) of property (ies) | 18 |
17 | Your money coming in | 19 |
18 | Your money going out | 20 |
19 | Your income tax return summary | 21 - 22 |
20 | Enter verification code | 23 |
21 | Income tax return submitted | 24 |
C. Kasbati & Co Views
As per Rule 34A(2) read with SRO 1185 of 6.11.20 – TLQC 1224 of 9.11.20 refers, the Final Return forms om were due prior by 31.1.25.
Hence delayed by over 6 months. This will be one of the reasons for expected extensions.
D. Further Details & Services
Should you require any clarification or explanations in respect of the above or otherwise, or require Income Tax, Federal & Provincial Sales Tax or Withholding Tax Statement, Advisory, Return Filing or Review services, please feel free to email Mr Amsal at amsal@kasbati.co with CC to info.kasbati@professional-
Best regards for Here & Hereafter
Asif S Kasbati (FCA, FCMA & LLB)
Managing Partner
Kasbati & Co (1400+ Tax, Levies, Companies, Economy, Inflation, HR, Banking, Finance, etc
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