ISLAMABAD: The Tax Reform Core Group, in its two-day meeting with the Federal Board of Revenue (FBR) officials concluded here on Tuesday, has expressed its extreme reservation over frequent extensions being granted by the Board in filing of income tax and sales tax returns. A firm policy decision was taken in the meeting, presided over by the FBR Chairman Salman Siddique that the statutory dates of filing the income tax and sales tax returns shall not be extended in the future, particularly for the returns required to be filed by the companies on December 31, 2011. The taxpayers are advised to file their returns on the stipulated dates as no extension in date shall be contemplated.
Published in The Express Tribune, November 30th, 2011.
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