LAHORE: The Lahore Tax Bar Association (LTBA) has sought extension in filing income tax return date for tax year 2015 for corporate and non-corporate taxpayers’ up to January 31, 2016 and wealth tax up to March 31 2016 in order to facilitate genuine taxpayers.
In a letter written to Federal Board of Revenue (FBR) Chairman Nisar Muhammad Khan, LTBA President Munsha Sukhera and General Secretary Qamaruz Zaman 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 last draft of 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They said that for the first time the government has withdrawn concessions and exemptions on filing returns of wealth which is also a cause to delay in filing of returns.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.
