FBR unveils FAU’s functions and assessments
ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Faceless Assessment Unit (FAU) to conduct the function of issuing “best judgment tax assessments” or “amendment of assessments” against the taxpayers under the relevant provisions of the Income T...
ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Faceless Assessment Unit (FAU) to conduct the function of issuing “best judgment tax assessments” or “amendment of assessments” against the taxpayers under the relevant provisions of the Income Tax Ordinance, 2001. The FBR has issued a detailed procedure of functions and assessments to be made by the FAU. According to an SRO.1905(I)/2026 issued by the F...