KARACHI: The Pakistan Tax Bar Association (PTBA) and Karachi Tax Bar Association (KTBA) have sought increase in the deadline to avail concessions including immunity announced vide SRO 1040(I)/2013, incentives for investments announced by the Prime Minister vide SRO 1065(I)/2013 and non-levy of penalties on late filing of tax return for Tax Year 2013 and statements filed under section 165 of Income Tax Ordinance, 2001.
The demanded was made by a delegation comprising office bearers of Pakistan Tax Bar Association (PTBA) and Karachi Tax Bar Association (KTBA) during a meeting with Federal Board of Revenue Member (JR Policy) Shahid Hussain Asad at Large Taxpayers Unit Karachi.
The delegation urged the FBR member to increase the deadline to avail the concessions allowed vide the SROs up to April 30.
The office bearers of the PTBA and KTBA also requested to look sympathetically into the issue of late filing of tax return for the tax year 2013 and statements. On the occasion, the FBR member assured the PTBA and KTBA representatives of conveying the matter with the FBR Chairman.
During the meeting they discussed the mechanism and possible facilitation of taxpayers for disposal of cases selected for audit of income tax affairs for the tax years 2008 to 2012. Shahid Hussain Asad sought the representatives to help the FBR for the success of aforementioned schemes. The PTBA and KTBA representatives assured the FBR of support for successful implementation of Prime Minister’s Investment Incentive Scheme and Broadening of Tax base. All Chief Commissioners of Large Taxpayers’ Unit and Regional Tax Offices Karachi also attended the meeting.
