FBR asked to extend IT returns filing date | Pakistan Business News | Pakistan Finance.

FBR asked to extend IT returns

filing date

KARACHI :   Union of Small and Medium Enterprises (UNISAME) on Friday urged Federal Board of Revenue (FBR) to extend the last date for filing of income tax returns ending on 21st November 2014 for the accounting period July 2013 to year ending 30th June 2014 to file returns by the 31st December 2014 to facilitate the majority sector to file their returns comfortably.
President UNISAME Zulfikar Thaver invited the attention of the chairman FBR to the inefficient online filing system which is over loaded and tax practitioners are complaining of inability to file returns of their clients due to slow connections. It takes a very long time to connect and file the return online. FBR needs to improve the efficiency of the online system urgently to accommodate the huge number of returns.
He said that on an average, the tax practitioners had about a thousand returns and were under heavy pressure due to the slow connections which were causing difficulties in filing. He urged FBR to extend the date up to 31st December 2014 with final notice of no further extensions.
Secondly the FBR could utilize the extended period to induce those who are liable tax payers and evading taxes to pay their taxes and file returns. Zeeshan Syed convener finance committee UNISAME said the SME sector is the majority sector and keen to file their returns and the FBR must facilitate them to file their returns comfortably without pressure of short deadlines. He said the income tax practitioners were over burdened and if date is not extended it would cause hardship to the assesses.
He said it would be wise on the part of the FBR to extend the date till 31st December 2014 and facilitate all SMEs to file their return.

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