Tax returns form available in regional languages also, official tells LCCI

0 23

Get real time updates directly on you device, subscribe now.

LAHORE (City News) – Chief Commissioner Inland Revenue Ahmad Shuja Khan has said that the tax return form has been made easy as it is now available in all regional languages including urdu, Sindhi, Pashto and Punjabi, etc.

He disclosed this in an interactive session with the business community here at Lahore Chamber of Commerce & Industry (LCCI) on Monday. LCCI President Mian Tariq Misbah, Senior Vice President Nasir Hameed Khan, Vice President Tahir Manzoor Chaudhry SAARC President Iftikhar Ali Malik, Ms Humaira Maryam, Commissioner Inland Revenue and Executive Committee Members also attended the session.

On the demand of LCCI president, the chief commissioner promised full cooperation to Hafeez Centre fire victims. He said, “We would stay with our brothers of Hafeez Centre in this hour of need.” The chief commissioner said that it was a long standing demand of the business community that tax forms were cumbersome; therefore, it was decided to translate these forms into regional languages.

The tax chief said that the Federal board of Revenue (FBR) was working to establish close liaison with the business community and taking all possible measures for trust building.

He said that the FBR considers businessmen as partners and not adversary. He said the government needs revenue to run its affairs smoothly. The chief commissioner also gave a presentation and replied the queries raised by the participants.

He also informed the participants that income tax returns filing form has been made simple and easy and it would also be available in regional languages.

LCCI President Mian Tariq Misbah said it is really encouraging sign that on the demand of private sector, the FBR officials have designed comparatively simpler and shorter Income Tax Return form that requires lesser time to fill and is easy to be handled by the less-experienced taxpayers.

He hooped that in the coming years, the documentary requirements of FBR would made more simple, which would certainly encourage more people to become filer.

He said that according to the government documents, FBR s tax collection in 2019-20 was Rs 3,997 billion, which needs to be improved considerably. The right way for enhancing the tax collection is to expand our tax base by adding up new taxpayers otherwise the regular taxpayers will continue to be over-burdened.

He hoped that rational tax policies from the government especially designed according to the new economic scenario which has been reshaped due to COVID-19 outbreak. Similarly, the private sector should be facilitated to the maximum extent through giving tax exemptions till the revival of business activities across the country.

LCCI Senior Vice President Muhammad Nasir Hameed Khan and Vice President Tahir Manzoor Chaudhry said that tax net should be broadened to reduce burden from the existing taxpayers.

The LCCI office-bearers also urged the FBR to extend the last date for filing of income tax return so that business community can perform their national duty with ease.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More