FBR receives 2.2m income tax returns
KARACHI: Federal Board of Revenue (FBR) has received 2.2 million income tax returns, as compared to 1.724 million returns submitted in the same period last year. This was informed by FBR to the delegation of the Karachi Tax Bar Association (KTBA) during a meeting held in Karachi on the other day. The meeting, headed by FBR Chairman Rashid Mehmood Langrial, also discussed steps to strengthen…
Karachi: The Federal Board of Revenue (FBR) has received 2.2 million income tax returns, an increase from 1.724 million collected during the same period last year, according to a recent meeting with the Karachi Tax Bar Association (KTBA). FBR Chairman Rashid Mehmood Langrial led the discussion, which also focused on enhancing taxpayer facilitation and voluntary compliance.
The KTBA raised concerns about the FBR's effort for more detailed information in tax returns, stating that it has extended the time required to prepare accurate filings and requested additional time for taxpayers to meet the expanded reporting obligations. The association expressed support for the FBR's digitalization drive, but emphasized the need for parallel taxpayer awareness initiatives.
Furthermore, the KTBA reported the commencement of enforcement actions against certain taxpayers from the service sector, seeking FBR Chairman Langrial's discretion to assess these cases individually and leniently. This approach aimed to encourage compliance rather than deter it.
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