Tax Lawyers Ask FBR To Extend Return Filing Deadline

Meanwhile, the Karachi Tax Bar Association (KTBA) has raised the matter of the income tax return filing deadline with the Federal Board of Revenue (FBR) to provide taxpayers sufficient time to prepare and electronically file accurate returns.

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• A KTBA delegation discussed the matter with FBR Chairman Rashid Mahmood Langrial and senior authorities during a gathering in Karachi on September 9.
• The two sides additionally discussed refunds of tax collected under Section 7E of the Income Tax Ordinance.
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In practice, a KTBA delegation discussed the matter with FBR Chairman Rashid Mahmood Langrial and senior authorities during a gathering in Karachi on September 9.

They remarked FBR's objective of obtaining comprehensive information through return declarations had climbed the time required to prepare accurate returns. It backed efforts to improve compliance while stressing the need for taxpayer facilitation.

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Meanwhile, the session additionally discussed technical problems with the IRIS portal. FBR remarked around 2.2 million income tax returns had been filed as of the gathering, compared with 1.724 million during the corresponding period of the previous year.

FBR and KTBA agreed to maintain continued coordination to ensure the smooth operation of the IRIS portal and address technical problems affecting taxpayers.

Meanwhile, the two sides additionally discussed refunds of tax collected under Section 7E of the Income Tax Ordinance. FBR remarked a mechanism was being developed for the timely issuance of valid refunds and that appropriate instructions would be issued to prioritize genuine refund claims.

Other matters discussed included digital integration and electronic invoicing, faceless audits and artificial intelligence based assessments, and the Small Shopkeeper Scheme. Stay Connected with ProPakistani.

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Taken together, the developments around tax Lawyers Ask FBR To Extend Return Filing Deadline point to a situation that is still moving, and the coming days should bring more clarity.