Federal Tax Ombudsman (FTO) Dr. Asif Jah has directed an inquiry into the Federal Board of Revenue (FBR) for quietly modifying the Wealth Statement format for Tax Year 2025 during the last week of September, just days ahead of the September 30 filing deadline.
The FBR reportedly added a new column titled “Estimated Current Market Value” to the wealth statement template, requiring taxpayers to provide subjective valuations of their assets.
According to sources, following a public interest complaint lodged by Lahore-based tax lawyer, the FTO has summoned key FBR officials, including the Secretary of the Revenue Division, Members for Operations-IR, Policy, Legal, and the DG of IT & DT, for a hearing on September 29. They have been instructed to appear with para-wise responses on the matter.
Read More: FBR Clarifies: No Amendments Made to Income Tax Return Form 2025
In a statement yesterday, FBR said “certain elements are spreading misleading information on various social media groups regarding the Income Tax returns for tax year 2025.”
FBR said that it has not introduced any changes or amendments in the Income Tax Return Form for 2025 through any new SRO in recent days.
This year, FBR notified the Income Tax return form for tax year 2025 on its website on July 7, 2025, wherein, it was clearly stated on page 66 that it is mandatory to declare the market value of assets, FBR said.
