LAHORE: The Lahore Chamber of Commerce & Industry has urged the Chairman Federal Board of Revenue to extend the date for filing of income tax returns in the larger interests of both business community and the government.
In a statement, the LCCI President Malik Tahir Javed, Senior Vice President Khawaja Khawar Rasheed and Vice President Zeeshan Khalil said that extension in date of tax returns filing till at least December 31 will be a good favor to the business community and will also help Federal Board of Revenue 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 that was very short.
They said that immediate extension in the date of tax returns filing will not only help trust building but will also pave way for the much-needed expension of tax net. This facility, they said, will also help establishing strong liaison between the government and the private sector.
