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They held that for the first time the government has withdrawn concessions and exemptions on filing returns of wealth which is also a cause to delay in filing of returns.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