I. Background: (A) (1) TLQC 3727 of 14.9.26 about ITR TY 2026: Rectification of Minimum Tax Computation, etc required in IRIS as per LTBA (2) TLQC 3714 of 7.9.26 about Delayed consider Rule 34A of Final Electronic 4 IT Return Forms for TY 2026 via SRO 1495 and KC views as to delay, effects, Rule 34A extract & in Tabulated Form by KC in trail, blue, italic and double Line (2) Other relevant TLQCs are in para C.

II. Updated Commentary

A. Reference

Further to KQU 4080 of 10.9.26, being an important matter, we would inform you about Karachi Tax Bar Association Meeting on 9.9.26 with FBR Chairman to discuss following issues. For KTBA-FBR Team group photo and KTBA meeting details, click on the link and treat it as Attachment 3728.1

B. Key Matters Discussed

1.   Technical Issues with Income Tax Return Forms (IRIS Portal)

2.   Refunds of Tax Collected under Section 7E

3.   Income Tax Return Filing Deadline

4.   Digital Integration and E-Invoicing

5.   Faceless Audits and AI-Based Assessments

6.   Small Shopkeeper Scheme: Awareness and Compliance

C. List of relevant TLQCs; while most relevant are Bold

(a) TLQC 3648 of 1.7.26 about FST Independent Case Scrutiny Committees New Rule 62A by SRO 1169 

(b) TLQC 3707 of 4.9.26 about Compliance Risk Management System Mandatory for Assessment (AI & Faceless) via Circular; C - Be ready

(c) TLQC 3668 of 13.8.26 about FBR Reform Implementation including Faceless Audit, etc from 1.10.26 & KC Recommendations

(d) TLQC 2672 of 15.8.26 about Proper Return filing as AI-Driven Faceless Audit & Remarks about Consultants by FBR Chairman

(e) TLQC 3702 of 28.8.26 ITR TY 2026: LTBA Training Session & Unresolved issue letter to FBR by PTBA 

(f) TLQC 3699 of 27.8.26 about ITR TY 2026: PTBA-PRAL Meeting on 17 Issues and KC Views & Recommendations

(g) 3702 of 28.8.26 about ITR TY 2026: LTBA Training Session & Unresolved issue letter to FBR by PTBA

(h) 3699 of 27.8.26 about ITR TY 2026: PTBA-PRAL Meeting on 17 Issues and KC Views & Recommendations

(i) 3690 of 21.8.26 about ITR TY 2026: KTBA-PRAL Meeting details and KC Views & Recommendations 

(j) 3684 of 19.8.26 about ITR TY 2026: KTBA-FBR successful Collaborative session 

(k) 3671 of 13.6.26 about ITR TY 2026: KTBA raised 20+ issues in Online Filing 

(l) 3679 of 18.8.26 about ITR TY 2026: LTBA ITR Seminar details

(m) 3655 of 4.8.26 about ITR TY 2026: PRAL Technical Support for Return Filing 

(n) 3690 of 21.8.26 about ITR TY 2026: KTBA-PRAL Meeting details and KC Views & Recommendations 

(o) 3634 of 23.7.26 about LTBA Presentation on Draft amendment in Return & related matters

(p) 3626 of 20.7.26 about IT Return TY 2026: IRIS Return Forms Streamlining Suggestions by GTPA

(q) 3620 of 16.7.26 about Delayed Draft SRO Introduces Simplified Tax Procedure & E-Return for Small Shopkeepers – SRO 1109

(r) 3615 of 14.7.26 about IT Return ty 2026: Draft Preparation Enabled on IRIS 

(s) 3618 of 15.7.26 about IT Return TY 2026: Some of Changes introduced in Returns & KC Recommendations

(t) 3603 of 7.7.26 about TY 2026: PTBA Reminder for Delay in Return Final SRO & IRIS Uploading & Extension reason

(u) 3511 of 9.5.26 regarding the Delayed Draft Electronic 4 IT Return Forms for TY 2026 via SRO 835 & KC Views as to 4 pending return form

(v) 1224 of 9.11.20 about Stepwise Deadlines for Timely notifying IT Return Forms - SRO 1185

Should you require any clarification or explanations in respect of the above or otherwise, please feel free to contact us.

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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