LAHORE - The Lahore Chamber of Commerce & Industry (LCCI) has urged the Federal Board of Revenue (FBR) to extend the date for filing of income tax returns till December 31.
In a statement, LCCI President Malik Tahir Javed and Vice President Zeeshan Khalil said that extension in date of tax returns filing till at least December 31 will be a good favour to the business community and will also help the FBR to meet its revenue targets. They said that businessmen remained busy in the elections of trade bodies besides tackling a number of issues including lack of awareness about the FBR online systems. Therefore, majority of businessmen cannot file their returns within the given timeframe that was very short.
They said that immediate extension in the date of tax returns filing will not only help trust building but will also pave way for the much-needed expansion of tax net. This facility, they said, will also help establishing strong liaison between the government and the private sector.