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FBR asked to extend date of filing returns to December 31.

Lahore -- The Lahore Tax Bar Association (LTBA) has sought extension in filing Income Tax Return date for Tax Year 2015 upto December 31 and Wealth Tax upto March 31, 2016 in order to facilitate genuine taxpayers.

According to press release, in a letter written to Federal board of Revenue Chairman Nisar Mohammad Khan, LTBA President Munsha Sukhera and General Secretary Qamar Uz Zaman said that the Bar Members and taxpayers have faced numerous problems in filing returns due to which they failed to file their returns timely.

They added that FBR issued the last draft of Income Tax Return in first week and online system started functioning in third week od September, 2015 and still having functional problems whereas the Income Tax Ordinance 2001 has provided three months statutory time to file a return.

They held that for the first time the government has withdrawn concessions and exemptions on filing returns of wealth which is also a cause to delay in filing of returns.

On the other hand, administrative over-doings are also creating issues for the LTBA members, they said adding that most dat entries in return and wealth statement are not editable while another reason for the delay in return filing dialogue between FBR and traders Association.

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Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Date:Nov 27, 2015
Words:208
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