Talking to media here, the FPCCI President Mian Muhammad Idrees and UBG Chairman Iftikhar Ali Malik said that one month extension in the filing of income tax returns would largely facilitate the business community.
To a question, they mentioned that businessmen and industrialists community could not be able to file their returns due to phased local government elections, issue of withholding tax on banking transactions and complications in the IRIS software system of the FBR for online filing of the tax returns.
They were of the view that an extension in the date of filing of returns till December 31, 2015 would not only facilitate the business community but also send a very positive signal about private-public sector liaison.
Both the business leaders also called upon the government to take effective and viable measures so as to broaden the overall tax-base of the country by bringing the potential and declared untaxed sectors into the tax club.