LAHORE: The Lahore Tax Bar Association (LTBA) has sought extension in filing of income tax return date for tax year 2015 up to December 31, 2015 and wealth tax up to March 31, 2016 in order to facilitate genuine taxpayers.
In a letter written to Federal Board of Revenue Chairman Tariq Bajwa, LTBA General Secretary Qamaruz Zaman said that the bar members and taxpayers have faced numerous problems in filing of tax returns due to which they failed to file their returns o time.
He added that the FBR issued the last draft of income tax return in the first week and online system started functioning in third week of September, 2015 and still have functional problems whereas the Income Tax Ordinance 2001 provided three months statutory time to file a return.
He said that for the first time the government withdrawn concessions and exemptions on filing of returns of wealth which is also a cause to delay in filing of returns.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, he said adding that most of entries in return and wealth statement are not editable while another reason for the delay in return filing are the negotiations between FBR and traders association.
