FBR Clarifies Changes in 2025 Income Tax Return Form

Islamabad: The **Federal Board of Revenue (FBR)** has issued a clarification regarding the reported changes to the **income tax return form 2025**, just days before the filing deadline of **September 30**.

Reports circulating on social media suggested that the **IRIS tax return form** had been modified, making it mandatory for taxpayers to declare the **market value of their assets**.

Responding to the concerns, the FBR stated that **no new SRO** had been issued. The additional column in the form was introduced earlier on **August 18**, and its purpose is solely to assess the **market value of assets** for creating reliable data to support **better policy-making**.

The board emphasized that the new requirement has **no impact on tax liabilities** and will not be used as a basis for initiating action against taxpayers.

However, some taxpayers have expressed concerns, noting that those who have already filed their returns may need to **re-submit** them, as the updated form cannot be completed without filling in the newly added column.

Do you want me to also prepare a **short explainer version (FAQ style: Who is affected, What changed, What’s the deadline)** for easier understanding?