Sport
Mailbox
字号+ Author: Source:Sport 2025-01-16 00:05:44 I want to comment(0)
KARACHI: As the Federal Board of Revenue (FBR) has advised using the IRIS portal to file returns and
KARACHI: As the Federal Board of Revenue (FBR) has advised using the IRIS portal to file returns and verify tax deductions, the business community still faces difficulty filing their tax returns. Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Shaikh said several traders have approached the chamber complaining that the FBR’s portal for filing tax returns is not working. There are limitations to the FBR’s online system. As a result, the tax filing system remains cumbersome for the common man. Considering the system’s problems, the KCCI chief urged the FBR to extend the returns filing date by one month. He said traders have also shared screenshots regarding errors in the IRIS portal and the unavailability of FBR’s server. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh also highlighted the technical difficulties and delays in filing income tax returns and sought a month’s extension as a special case scenario to enable the system to handle the enormous volume and flux. Mr Atif said FPCCI has been urging the FBR to simplify the taxation system in general and income tax return forms, in particular, to facilitate the process. It is in the national interest to assist as many citizens as possible in filing their returns. He added that the more Pakistan’s economy is inclusive, formal and documented, the more it will be acceptable for external financing from international financial institutions and lenders. He said FBR needs to expedite digitalisation for many reasons like minimising human involvement, saving time and resources of the return filers, reducing documentation errors, improving systemic and procedural efficiency and curtailing complaints, anomalies and discrepancies. The FPCCI chief said that the FBR and Pakistan Revenue Automation Ltd missed important deadlines vis-a-vis issuance of return forms as given in rule 34A(2)(e), (3), and (4) where, it is mandated that the draft electronic and manual return forms were to be released and made available by Jan 1, 2024. However, the same were issued on June 21.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Islamabad police prohibits officers, staff from social media activity sans permission
2025-01-15 23:21
-
At least 150 people missing after boat capsizes in Nigeria
2025-01-15 22:28
-
100 dead in storm Helene damage, flooding across US southeast
2025-01-15 21:44
-
Hospitals to get 40pc hike in rates for free treatment of cardiac patients
2025-01-15 21:30
User Reviews
Recommended Reads
Hot Information
- World News Day
- TTP’s reach
- Defector arrested in failed bid to return to North Korea on stolen bus
- Israel army says to launch ‘large-scale’ strikes in Lebanon’s Bekaa Valley
- Spain reiterates calls for immediate ceasefire in Gaza and Lebanon, respect for international law
- IMF sets tough tasks for $7bn loan
- Two robbers killed in ‘police encounters’
- Bangladesh ex-skipper Shakib announces international retirement
- Curfew imposed in Sri Lanka despite peaceful polling
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content