On Friday, Karachi Tax Bar Association (KTBA) asked the Federal Board of Revenue (FBR) to allow 90 days to tax payers for filing their returns from the date of issuance of tax forms, in line with the law.
The KTBA addressed in a letter to FBR Chairman Shabbar Zaidi, objected to the FBR’s Sept 5 circular No.2(I)Cond./I.Tax/2018 asking tax commissioners to ensure payments of due tax before allowing any extension in filing of tax returns beyond the Sept 30 deadline.
The association indicated that the draft personal income tax return forms, businesses and association of persons (AoPs) for the 2019 taxation year were published on August 23 through the SRO951 law. On the other hand, the letter added that FBR had also ignored the suggestions of the tax bar associations, which they did not submit because they had only seven days to submit their recommendations on the 56-page draft forms.
The bar provided a long list of problems and shortcomings faced by taxpayers in filing their income tax returns and reminded the FBR that, under section 118 of the Income Tax Ordinance, the filing deadline of the declaration is 90 days.
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17 November, 2019