Govt asked to scrap new form
Last date for filing income tax returns till November 30, 2018
Income tax representational image. PHOTO: FILE
KARACHI:
Karachi Chamber of Commerce and Industry (KCCI) President Junaid Esmail Makda appreciated on Monday the recent government announcement which extended the last date for filing income tax returns till November 30, 2018. In a letter, Makda asked Finance Minister Asad Umar to simplify the tax return filing procedure by immediately discontinuing the new form and restoring the old form for filing the returns. “All taxpayers and practitioners are well-acquainted with the previous version,” he said. “Therefore, they will have absolutely no problem in submitting the returns though the old form.” In the letter, Makda added that the restoration of previous form would surely give a boost to the number of taxpayers in the Active Taxpayers List whereas the newly introduced form was likely to lead to a reduction in the number of active taxpayers.
Published in The Express Tribune, October 9th, 2018.
Karachi Chamber of Commerce and Industry (KCCI) President Junaid Esmail Makda appreciated on Monday the recent government announcement which extended the last date for filing income tax returns till November 30, 2018. In a letter, Makda asked Finance Minister Asad Umar to simplify the tax return filing procedure by immediately discontinuing the new form and restoring the old form for filing the returns. “All taxpayers and practitioners are well-acquainted with the previous version,” he said. “Therefore, they will have absolutely no problem in submitting the returns though the old form.” In the letter, Makda added that the restoration of previous form would surely give a boost to the number of taxpayers in the Active Taxpayers List whereas the newly introduced form was likely to lead to a reduction in the number of active taxpayers.
Published in The Express Tribune, October 9th, 2018.