HYDERABAD: The Chief Commissioner Income Tax Inland Revenue Hyderabad Naheed Azhar has encouraged the business community and traders to pay taxes and offered complete cooperation in this regard.
Speaking at a reception hosted by Hyderabad Chamber of Small Trade and Small Industries (HCSTSI) here, the official also spoke at the length about the issue of tax refunds. Azhar said the taxpayers often did not submit complete details which were required while filing the tax returns owing to which the process was mostly delayed.
Responding to the complaints of the traders about property valuation, the official agreed with their concerns and informed that recommendations would be sent to the Federal Board of Revenue (FBR) and Federal Finance Ministry.
President of HCSTSI Muhammad Akram Ansari argued that there were contradictions in Income Tax Ordinance 2001 and Sales Tax Ordinance 1990. He urged the officials to remove those contradictions in order to streamline the taxation system.
The Commissioner Income Tax Zone i Shafqat Hussain Kahar and Commissioner Income Tax Zone II Huzoor Bux Laghari also briefed the traders over the taxation issues. The HCSTSTI’s office bearers, members and representatives of different local traders unions attended the event.
