Karachi Chamber of Commerce and Industry's (KCCI) President Iftikhar Ahmed Vohra has urged the Federal Board of Revenue to extend the date for filing returns up to December 31, 2014. In a letter sent to the FBR Chairman Tariq Bajwa, the KCCI chief while expressing concern over taxpayers' inability to file their tax returns before deadline, hoped that the FBR with a view to enabling taxpayers to fulfil their tax obligations, would take immediate measures to rectify flaws from its IRIS system.
He pointed out that most of the business houses and taxpayers have not yet been able to file income tax returns for the year 2014 due to errors in the IRIS software programme. "We have received complaints from many of our members that they cannot complete and upload the tax return because the system does not include a number of provisions necessary to complete the return," Iftikhar Vohra said.
He said that in case the date was not extended further, it would result in penalising the taxpayers whereas the FBR would not be able achieve its target. Vohra suggested that the FBR should allow filing of returns on old e-forms which were used in the year 2013 as by doing so it will save time and the taxpayers would be saved from unnecessary penalties.
Highlighting serious flaws existing in the IRIS system, the KCCI chief deplored that a large number of businessmen, despite their good intention, have not been able to file their returns within the specified period. He urged the FBR to rectify the flaws from the IRIS system on urgent basis and give at least four weeks to taxpayers to file their returns.
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