AIRLINK 75.50 Increased By ▲ 1.00 (1.34%)
BOP 4.73 No Change ▼ 0.00 (0%)
CNERGY 4.18 Increased By ▲ 0.04 (0.97%)
DFML 40.12 Increased By ▲ 0.77 (1.96%)
DGKC 88.80 Increased By ▲ 3.90 (4.59%)
FCCL 22.99 Increased By ▲ 1.09 (4.98%)
FFBL 30.47 Increased By ▲ 0.26 (0.86%)
FFL 9.23 Decreased By ▼ -0.02 (-0.22%)
GGL 10.14 Decreased By ▼ -0.26 (-2.5%)
HASCOL 6.20 Decreased By ▼ -0.13 (-2.05%)
HBL 106.50 Decreased By ▼ -1.75 (-1.62%)
HUBC 140.10 Decreased By ▼ -0.15 (-0.11%)
HUMNL 10.59 Increased By ▲ 0.29 (2.82%)
KEL 4.77 Decreased By ▼ -0.03 (-0.63%)
KOSM 4.39 Decreased By ▼ -0.03 (-0.68%)
MLCF 38.40 Increased By ▲ 0.90 (2.4%)
OGDC 123.60 Decreased By ▼ -1.04 (-0.83%)
PAEL 24.62 Increased By ▲ 0.18 (0.74%)
PIBTL 6.10 Decreased By ▼ -0.10 (-1.61%)
PPL 114.30 Decreased By ▼ -2.10 (-1.8%)
PRL 24.06 Decreased By ▼ -0.54 (-2.2%)
PTC 13.05 Decreased By ▼ -0.08 (-0.61%)
SEARL 59.60 Increased By ▲ 3.61 (6.45%)
SNGP 61.80 Decreased By ▼ -1.18 (-1.87%)
SSGC 9.66 Decreased By ▼ -0.21 (-2.13%)
TELE 7.85 Decreased By ▼ -0.14 (-1.75%)
TPLP 10.07 Increased By ▲ 0.14 (1.41%)
TRG 65.20 Increased By ▲ 0.70 (1.09%)
UNITY 26.90 Increased By ▲ 0.24 (0.9%)
WTL 1.34 Increased By ▲ 0.02 (1.52%)
BR100 7,694 Decreased By -23.6 (-0.31%)
BR30 24,691 Decreased By -86.7 (-0.35%)
KSE100 73,754 Decreased By -108.9 (-0.15%)
KSE30 23,617 Decreased By -74.6 (-0.31%)

The Lahore Tax Bar Association (LTBA) has urged Chairman Federal Board of Revenue (FBR) to extend the date of filing of Income Tax return of Individuals, Salaried Individual & AOPs for the year 2019 up to 31st December, 2019 to facilitate the genuine taxpayers of the country, who are regularly contributing in the national exchequer as their moral and legal obligation.
President Aftab Hussain Nagra and general secretary Farhan Shahzad said that due to unnecessary delays in uploading of draft return 2019 and delayed final notification of Income Tax return 2019 of Individuals, Salaried Individuals & AOPs, an extension in filing of returns is an urgent need of the hour.
Also, they said, the manual income tax return form is still not available on Excel format and no result of the consultation process with shopkeepers and traders could be materialized till date for filing of returns under fixed tax regime. They said working of IRIS is not smooth till date and hiccups like expiring of feeding page with the lapse of few minutes, abnormal logging out and taking longer time in surfing are the major reasons in delay filling of returns.
According to LTBA leadership, there are number of deficiencies in Income Tax Return 2019 and demanding income tax before calculation of tax through IRIS is just like day dreaming. Furthermore, they said, as per law and statutory time period for filing of income tax return is Ninety (90) days under section 118 of the Income Tax Ordinance, 2001 read with rule 34 of the Income Tax Rules, 2002 while on the contrary only (28) days have been given here between 2nd of September and 30th of September 2019 for online filing and only (1) one working day available for manual filing.

Copyright Business Recorder, 2019

Comments

Comments are closed.