LAHORE: Progressive Group, a representative platform of traders and industrialists, has urged the Finance Ministry and the Federal Board of Revenue (FBR) to extend the date for filing of income tax returns till December 31.
In a statement, Progressive Group’s President Khalid Usman, Abdul Wadood Alvi and others said that extension in date of tax returns filing will facilitate the business community and will also help the Federal Board of Revenue (FBR) meeting its revenue targets. They said that businessmen remained busy in the elections of trade bodies besides tackling a number of issues including lack of awareness about the FBR online systems.
Therefore, majority of businessmen cannot file their returns within the given timeframe as the time was short. They said that immediate extension in the date of tax returns filing will not only help building trust but will also pave way for the much-needed expansion of tax net.
