The Lahore Chamber of Commerce and Industry (LCCI) has urged the Federal Board of Revenue to extend the date for filing of income tax returns till December 31. The LCCI President Malik Tahir Javed in a statement on Thursday said that extension in date of tax returns filing till at least December 31 will be a good favour to the business community and will also help Federal Board of Revenue meeting its revenue targets.
The businessmen remained busy in the elections of trade bodies besides tackling a number of issues including lack of awareness about the FBR online systems. Therefore, the majority of businessmen could not file their returns within the given timeframe that was very short. He said that immediate extension in the date of tax returns filing will not only help trust building but will also pave way for the much-needed expansion of tax net. This facility, he said, will also help establishing strong liaison between the government and the private sector.
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