AGL 37.24 Decreased By ▼ -0.76 (-2%)
AIRLINK 217.25 Increased By ▲ 3.34 (1.56%)
BOP 9.50 Increased By ▲ 0.08 (0.85%)
CNERGY 6.68 Increased By ▲ 0.39 (6.2%)
DCL 8.86 Increased By ▲ 0.09 (1.03%)
DFML 42.70 Increased By ▲ 0.49 (1.16%)
DGKC 95.15 Increased By ▲ 1.03 (1.09%)
FCCL 35.58 Increased By ▲ 0.39 (1.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.68 Increased By ▲ 1.29 (7.87%)
HUBC 128.01 Increased By ▲ 1.11 (0.87%)
HUMNL 13.26 Decreased By ▼ -0.11 (-0.82%)
KEL 5.34 Increased By ▲ 0.03 (0.56%)
KOSM 6.94 No Change ▼ 0.00 (0%)
MLCF 43.60 Increased By ▲ 0.62 (1.44%)
NBP 59.79 Increased By ▲ 0.94 (1.6%)
OGDC 223.45 Increased By ▲ 4.03 (1.84%)
PAEL 39.82 Increased By ▲ 0.66 (1.69%)
PIBTL 8.25 Increased By ▲ 0.07 (0.86%)
PPL 197.01 Increased By ▲ 5.35 (2.79%)
PRL 39.15 Increased By ▲ 1.23 (3.24%)
PTC 27.85 Increased By ▲ 1.51 (5.73%)
SEARL 104.52 Increased By ▲ 0.52 (0.5%)
TELE 8.41 Increased By ▲ 0.02 (0.24%)
TOMCL 34.52 Decreased By ▼ -0.23 (-0.66%)
TPLP 13.00 Increased By ▲ 0.12 (0.93%)
TREET 25.68 Increased By ▲ 0.34 (1.34%)
TRG 73.20 Increased By ▲ 2.75 (3.9%)
UNITY 33.10 Decreased By ▼ -0.29 (-0.87%)
WTL 1.72 No Change ▼ 0.00 (0%)
BR100 11,983 Increased By 88.5 (0.74%)
BR30 37,425 Increased By 569.9 (1.55%)
KSE100 111,383 Increased By 959.2 (0.87%)
KSE30 35,015 Increased By 237.4 (0.68%)

Taxpayers at large are unlikely to meet the deadline of e-filing of income tax returns for Tax Year 2016, due to system problems. Sources from the tax consultants' community said although the deadline (September 30, 2016) for e-filing of income tax returns was approaching, the FBR web portal remained unable to provide smooth processing environment to taxpayers.
Presently, taxpayers are unable to submit wealth statements, due to system issues, they said. Elaborating the details about the problems being faced by the taxpayers in submitting wealth statements, they said that there were no significant changes made in wealth statements every year hence taxpayers/tax consultants used to retrieve last submitted wealth statements from the system and edited it with latest amendments and submit it for following year.
However, the system has been disallowing the requests of recovering previous wealth statements from the FBR database for last two days, dragging taxpayers/tax consultants to go through a cumbersome and time-consuming process of making fresh wealth statements. Replying to a question, they said that large number of taxpayers could fail to submit income tax returns by September 30, 2016, due to startling and recurrent problems being developed in the system. They also urged the FBR to facilitate the taxpayers by extending the date of e-filing of income tax returns for next more 15 days (October 15, 2016).

Copyright Business Recorder, 2016

Comments

Comments are closed.