AGL 40.03 Increased By ▲ 0.03 (0.08%)
AIRLINK 127.70 Increased By ▲ 0.66 (0.52%)
BOP 6.61 Decreased By ▼ -0.06 (-0.9%)
CNERGY 4.60 Increased By ▲ 0.09 (2%)
DCL 8.79 Increased By ▲ 0.24 (2.81%)
DFML 41.58 Increased By ▲ 0.14 (0.34%)
DGKC 85.79 Decreased By ▼ -1.06 (-1.22%)
FCCL 32.49 Increased By ▲ 0.21 (0.65%)
FFBL 64.03 Decreased By ▼ -0.77 (-1.19%)
FFL 10.55 Increased By ▲ 0.30 (2.93%)
HUBC 110.77 Increased By ▲ 1.20 (1.1%)
HUMNL 15.07 Increased By ▲ 0.39 (2.66%)
KEL 4.88 Decreased By ▼ -0.17 (-3.37%)
KOSM 7.45 Decreased By ▼ -0.01 (-0.13%)
MLCF 40.52 Decreased By ▼ -0.86 (-2.08%)
NBP 61.05 Increased By ▲ 0.64 (1.06%)
OGDC 194.87 Increased By ▲ 4.77 (2.51%)
PAEL 27.51 Decreased By ▼ -0.32 (-1.15%)
PIBTL 7.81 Decreased By ▼ -0.02 (-0.26%)
PPL 152.53 Increased By ▲ 2.47 (1.65%)
PRL 26.58 Decreased By ▼ -0.30 (-1.12%)
PTC 16.26 Increased By ▲ 0.19 (1.18%)
SEARL 84.14 Decreased By ▼ -1.86 (-2.16%)
TELE 7.96 Increased By ▲ 0.25 (3.24%)
TOMCL 36.60 Increased By ▲ 1.19 (3.36%)
TPLP 8.66 Increased By ▲ 0.54 (6.65%)
TREET 17.66 Increased By ▲ 1.25 (7.62%)
TRG 58.62 Increased By ▲ 5.33 (10%)
UNITY 26.86 Increased By ▲ 0.70 (2.68%)
WTL 1.38 Increased By ▲ 0.12 (9.52%)
BR100 10,000 Increased By 116.4 (1.18%)
BR30 31,002 Increased By 402.1 (1.31%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

Member Inland Revenue (Operations), Federal Board of Revenue (FBR), Dr Muhammad Irshad has assured the Pakistan Cotton Ginners Association (PCGA) that refund claims of ginners would be cleared within a month. "We are going to suggest exemption of sales tax and income tax on electricity bills and we have sent these proposals to cabinet division for approval," he said speaking at a reception hosted by PCGA in his honour.
Dr Irshad said that his office stopped the issuance of notices to ginners and a committee comprising of tax-managers and ginners would be constituted to resolve all issues amicably. He said that a mechanism and procedure was set for payment of refund on claims. He said that FBR would recover one percent tax from textile mills directly. He assured them that FBR would provide relief to farmers through ginners so that frustrated farmers could be compensated.
Ex-Chairman PCGA Shehzad Ali Khan said that the ginners had suffered losses amounting to Rs 300 billion last years.
Those others who attended the reception included: PCGA's senior vice chairman Suhail Mehmood Haral, Haji Muhammad Akram, Amanullah Qureshi, Sheikh Muhammad Saeed, Khawaja Muhammad Azam, Mian Fazal Elahi, Qaiser Raza, Rao Sadar-uddin, Mian Abdul Qayyum, Aamer Rasul, Umair Ali Khan, Asif Khalil, Chief Commissioner inland revenue Multan Dr Zulqarnain, Chief Commissioner inland revenue Bahawalpur Ghazanfar Hussain, Commissioner Abid Raza Bodla, Dr Khalil Ahmed, Zubair Bilal, Dr Athar Ishaq, Bahadur Ali Shah, Gulshan Abid, Ali Adnan, and Yousaf Shah.
Meanwhile, Member, Inland Revenue (Operations) Federal Board of Revenue (FBR), Islamabad Dr Mohammad Irshad visited Regional Tax Office (RTO), Multan and Bahawalpur and held marathon meetings with members of Tax Bar Association, PCGA, representatives of Chamber of Commerce & Industry (MCCI) and tax officials.
On this occasion, member (I.R) operations urged the business community and tax bar association to cooperate with the tax department for enhancement of government revenues and contribute towards economic stability and prosperity of the country. He said that the whole IRIS system was being revamped to facilitate them in filing their returns of income and other relevant documents. Dr Mohammad Irshad emphasised that FBR fully authorized and mandated the Regional Chief Commissioners to resolve tax payers' problems at their doorsteps.

Copyright Business Recorder, 2016

Comments

Comments are closed.