Got 147 Notice from FBR – What should you do?

INU Corporate > Blog > Got 147 Notice from FBR – What should you do?

147 (Intimation to Pay Advance Tax )

Dear Taxpayer,

It is intimated that you are liable to pay advance tax u/s 147 of the Income Tax Ordinance, 2001 for this quarter. The liability of advance tax for the quarter is shown in the table at the end.

2. Please note that this is minimum estimated advance tax liability for the quarter. However, if your advance tax liability is more than given in the table, you are bound by law to pay actual liability for the quarter.

3. You are requested to pay your advance tax before the statutory date as provided in section 147 without fail. In case of difference in your advance tax liability for the quarter, you may intimate this office duly supported by documentary evidence, on or before the due date through your online Iris account (https://iris.fbr.gov.pk/public/txplogin.xhtml). Please note that non-payment of advance tax may invoke penalty and default surcharge provisions of Income Tax Ordinance, 2001.

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