The Federal Board of Income (FBR) on Thursday prolonged the date for submitting revenue tax returns for people and corporations to October 15, 2021.
Earlier, the FBR had mentioned it will not lengthen the deadline for folks searching for to file their revenue tax returns.
Nonetheless, retaining in view the demand of the enterprise group and the technical points confronted by tax filers attributable to server errors, the board has prolonged the final date of submitting revenue tax returns.
Minister for Finance Shaukat Tarin determined to increase the date contemplating the fixed calls for from the enterprise group. The tax-collection physique had obtained a number of functions for the extension of the deadline of submitting revenue tax returns.
The Karachi Chamber of Commerce and Business (KCCI) confirmed that the finance minister has given a 15-day extension to the folks and businessmen to file tax returns.
The enterprise delegation highlighted the problems confronted by the tax filers and in addition shared their considerations relating to different taxes as nicely.
The KCCI members referred to as for amendments within the ineffective tax insurance policies and raised considerations over implementation of Tax Legal guidelines (Third Modification) Ordinance 2021.
They lamented that every one such legal guidelines that impose fines at all times begin from Karachi.
The delegation recommended that the time period “under-filers” ought to be changed with “non-filers” within the Ordinance.
Earlier, FBR officers had directed involved commissioners to cooperate with filers searching for an extension, sources mentioned.
“People who want a 15-day relief will have to either file an application or apply online, ” the FBR had mentioned.
Sources added that other than these going through hardships, folks experiencing technical points can even be granted an extension within the deadline.