Multan Chamber of Commerce and Industry (MCCI) on Tuesday urged the government to extend date of filing income tax returns at least one month to facilitate the businessmen. They said that the country was facing a crisis-like situation and extension in date for filing of income tax returns would facilitate businessmen and other taxpayers in preparing and filing their returns.
Chairing a meeting, Malik Asrar Ahmed Awan, MCCI President said that the Federal Board of Revenue (FBR) has developed a new form of income tax returns, which is complicated as lot of additional information has been sought in it. Therefore, taxpayers will be needed sufficient time for collecting and reporting the required information.
He said that the FBR has issued the draft of the new income tax form for comments, which would be notified by August 25. After its notification, taxpayers would have hardly one-week time to fill it, as they will be required to file their tax returns by August 31. However, he said that in view of the detailed information sought in new tax form, taxpayers would be facing lot of problems in completing and filing it by August 31, 2010. Therefore, taxpayers should be given sufficient time to collect all the relevant information. For this purpose, the target date should be extended by at least one-month, he stressed.
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