It is a general practice of Federal Board of Revenue that despite their repeated claims that they will extend the last date for filing of income tax return, extension in filing of income tax return is given at the last movement. For tax year 2014 the last date for filing of income tax return was 30th September 2014 which was ultimately extended till 5th December 2014.
For tax year 2015 the Chambers of Commerce and other stake holders have requested the FBR to extend the date for filing of income tax returns 2015 till 15th October 2015, as there were Hajj and Eid ul Azha Holidays in this month due. Moreover, there were issues relating to compulsory filing of wealth statement for all the taxpayers as well as the issue of withholding tax on banking transactions.
It has become a tradition of FBR to extend the date every year, which needs to be curbed. The FBR should issue income tax return for the respective years much before September month preferably in the month of June and all the issues in the software in FBR portal should be resolved.
For tax year 2015 the Chambers of Commerce and other stake holders have requested the FBR to extend the date for filing of income tax returns 2015 till 15th October 2015, as there were Hajj and Eid ul Azha Holidays in this month due. Moreover, there were issues relating to compulsory filing of wealth statement for all the taxpayers as well as the issue of withholding tax on banking transactions.
It has become a tradition of FBR to extend the date every year, which needs to be curbed. The FBR should issue income tax return for the respective years much before September month preferably in the month of June and all the issues in the software in FBR portal should be resolved.
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