KARACHI: President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zakaria Usman has called for extension in the date for filing of income tax returns to Dec.31, 2014 from the present deadline of Sept.30, 2014.
He also urged the Federal Board of Revenue (FBR) to avoid making changes in taxation rules, said FPCCI release here on Thursday.
President FPCCI, Zakaria Usman has expressed his serious reservations over the imposition of new rules in FBR for filing income tax returns till the month of December 2014. At a time when taxpayers will have only less than 12 days to file tax return forms, the FBR has almost finalized the return form for the tax year 2013 which is not practically possible to follow for the tax payers. He recalled that in the past also the FBR introduced new tax return forms in different periods. But, it had to take them back due to the reason that they did not take the apex body of business community into confidence.
He recommended that FBR should get the consent of business community on the new rules for filing tax return before its implementation.
Zakaria Usman further stated that the sit-ins of Pakistan Tehreek-i-Insaf (PTI) and Pakistan Awami Tehreek (PAT) have proved good for nothing but damaged the economy and image of the country internationally. He said that due to panic and uncertainty prevailing in the country in the wake of political mobs at Islamabad and other cities, and floods in all provinces, the business graph has declined. Even the government and private offices in Islamabad are not working normally.
He maintained that in Punjab, the production of the industries and the business are badly affected due to severe load shedding of electricity. The cost of doing business is increasing day by day and the business community is depressed by such situation.
President FPCCI also urged for settlement of the political issues peacefully and make the economy stable so that the businessmen can do business with peace of mind. Then, they would also be able to follow new rules of FBR.
In the current scenario the business community feels insecure and doing limited business activities at the national as well as international levels, FPCCI Chief cautioned.
Comments
Comments are closed.