AIRLINK 196.38 Increased By ▲ 4.54 (2.37%)
BOP 10.11 Increased By ▲ 0.24 (2.43%)
CNERGY 7.75 Increased By ▲ 0.08 (1.04%)
FCCL 38.10 Increased By ▲ 0.24 (0.63%)
FFL 15.74 Decreased By ▼ -0.02 (-0.13%)
FLYNG 24.54 Decreased By ▼ -0.77 (-3.04%)
HUBC 130.38 Increased By ▲ 0.21 (0.16%)
HUMNL 13.73 Increased By ▲ 0.14 (1.03%)
KEL 4.60 Decreased By ▼ -0.07 (-1.5%)
KOSM 6.19 Decreased By ▼ -0.02 (-0.32%)
MLCF 44.85 Increased By ▲ 0.56 (1.26%)
OGDC 206.51 Decreased By ▼ -0.36 (-0.17%)
PACE 6.58 Increased By ▲ 0.02 (0.3%)
PAEL 39.77 Decreased By ▼ -0.78 (-1.92%)
PIAHCLA 17.20 Decreased By ▼ -0.39 (-2.22%)
PIBTL 7.99 Decreased By ▼ -0.08 (-0.99%)
POWER 9.20 Decreased By ▼ -0.04 (-0.43%)
PPL 178.91 Increased By ▲ 0.35 (0.2%)
PRL 38.93 Decreased By ▼ -0.15 (-0.38%)
PTC 24.31 Increased By ▲ 0.17 (0.7%)
SEARL 109.27 Increased By ▲ 1.42 (1.32%)
SILK 1.00 Increased By ▲ 0.03 (3.09%)
SSGC 37.75 Decreased By ▼ -1.36 (-3.48%)
SYM 18.83 Decreased By ▼ -0.29 (-1.52%)
TELE 8.53 Decreased By ▼ -0.07 (-0.81%)
TPLP 12.14 Decreased By ▼ -0.23 (-1.86%)
TRG 64.76 Decreased By ▼ -1.25 (-1.89%)
WAVESAPP 12.11 Decreased By ▼ -0.67 (-5.24%)
WTL 1.64 Decreased By ▼ -0.06 (-3.53%)
YOUW 3.87 Decreased By ▼ -0.08 (-2.03%)
BR100 12,000 Increased By 69.2 (0.58%)
BR30 35,548 Decreased By -112 (-0.31%)
KSE100 114,256 Increased By 1049.3 (0.93%)
KSE30 35,870 Increased By 304.3 (0.86%)

Federal Board of Revenue (FBR) has identified over 2600 non-filers in a major bank and over 1900 in Sui Southern Gas Company (SSGC). Sources said that Broadening of Tax Base (BTB) of FBR Karachi after identifying over 2600 non-filers in a bank and over 1900 in SSGC sent letters to them, asking to ensure filing of income tax returns for employees earning taxable income.
They said that under section 114 of the Income Tax Ordinance, 2001, employees earning taxable income were required to file their income tax returns and the compliance with provision of law was essential to enable documentation of economy. Contrary to that, a large number of employees in that bank and SSGC are not filing income tax returns as they are of the view that there is at-source deduction of income tax on their salaries hence filing of return is not called for, sources said and added that this misconception was against the provisions of law.
They said that BTB, Karachi had asked that bank and SSGC to ensure compliance of filing of income tax return as the aforesaid employees in these organizations had not filed returns for the year 2018 and they could file income tax return up to August 2, 2019 ie. the last date announced by the Federal Board of Revenue for filing of income tax returns. Replying to a question, they said that in order facilitate these organizations, BTB, Karachi engaged volunteers of a non-governmental organization namely Karsaz Welfare Organization to help them in filing of the income tax returns and these volunteers would provide services without any fee.

Copyright Business Recorder, 2015

Comments

Comments are closed.