ISLAMABAD: The Federal Board of Revenue has received 36,000 objections from taxpayers about IRIS system, it is learnt here.
According to sources, the FBR introduced IRIS (Integrated Risk Information System) for the taxpayers but a lot of faults are emerging in this software due to which, the board is facing revenue shortfall and has failed to achieve the tax returns target.
Sources added that World Bank has declared this IRIS system as not up to the mark. While this system is not suitable for the IT revenue collection also.
Sources also added that IRIS system was not test as this system needed to test for trial basis. This is the reason that this system cannot bear heavy load. Sources added that when this system is launched only four lakh income tax returns were received till yet while during previous year around 1 million of tax returns were collected by FBR.
