The Tax Reform Core Group, in its two-day meeting with the Federal Board of Revenue officials concluded here today, has expressed its extreme reservation over frequent extensions being granted by the Board in filing of Income Tax (IT) and Sales Tax (ST) returns.
A firm policy decision was taken in the meeting, presided over by the Chairman FBR, Salman Siddique, that the statutory dates of filing the Income Tax, Sales Tax returns shall not be extended in future, particularly for the returns required to be filed by the companies on December 31, 2011.
The taxpayers are advised to file their returns on the stipulated dates as no extension in date shall be contemplated, as decided by the Tax Reform Core Group in its meeting. The meeting was attended by Tax Reform Core Group members Abdullah Yusuf, Arshad Zuberi, Shabbar Zaidi and Ashfaq Tola.
It was also attended by the top officials of FBR including Member (IR) Shahid Hussain Asad, Member (Customs) Mumtaz Haider Rizvi, Member (FATE) Ms Riffat Shaheen Qazi, Member (Taxpayers Audit) Hafiz Anis, Member (Enforcement & Accounting) Sardar Aminullah Khan, DG (HRM) Ms Raana Seerat, DG (SP&S) Ms Amna Khalifa and GM (PRAL) Imtiaz Ali Khan.-PR