AIRLINK 173.68 Decreased By ▼ -2.21 (-1.26%)
BOP 10.82 Decreased By ▼ -0.16 (-1.46%)
CNERGY 8.26 Increased By ▲ 0.26 (3.25%)
FCCL 46.41 Increased By ▲ 0.29 (0.63%)
FFL 16.14 Increased By ▲ 0.07 (0.44%)
FLYNG 27.80 Increased By ▲ 0.38 (1.39%)
HUBC 146.32 Increased By ▲ 2.36 (1.64%)
HUMNL 13.40 Increased By ▲ 0.05 (0.37%)
KEL 4.39 Decreased By ▼ -0.11 (-2.44%)
KOSM 5.93 Decreased By ▼ -0.05 (-0.84%)
MLCF 59.66 Increased By ▲ 0.16 (0.27%)
OGDC 232.73 Decreased By ▼ -0.02 (-0.01%)
PACE 5.80 Decreased By ▼ -0.08 (-1.36%)
PAEL 47.98 Increased By ▲ 0.50 (1.05%)
PIAHCLA 17.75 Decreased By ▼ -0.22 (-1.22%)
PIBTL 10.40 Decreased By ▼ -0.18 (-1.7%)
POWER 11.32 Decreased By ▼ -0.06 (-0.53%)
PPL 191.48 Decreased By ▼ -1.82 (-0.94%)
PRL 36.83 Decreased By ▼ -0.17 (-0.46%)
PTC 23.20 Decreased By ▼ -0.57 (-2.4%)
SEARL 98.76 Decreased By ▼ -1.11 (-1.11%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 36.62 Decreased By ▼ -0.57 (-1.53%)
SYM 14.70 Decreased By ▼ -0.25 (-1.67%)
TELE 7.73 Decreased By ▼ -0.02 (-0.26%)
TPLP 10.75 Decreased By ▼ -0.12 (-1.1%)
TRG 66.01 Increased By ▲ 0.87 (1.34%)
WAVESAPP 10.82 Decreased By ▼ -0.09 (-0.82%)
WTL 1.32 Decreased By ▼ -0.02 (-1.49%)
YOUW 3.79 Decreased By ▼ -0.02 (-0.52%)
BR100 12,644 Increased By 35.1 (0.28%)
BR30 39,387 Increased By 124.3 (0.32%)
KSE100 117,807 Increased By 34.4 (0.03%)
KSE30 36,347 Increased By 50.4 (0.14%)

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.