Business Community demands extension in date for filing of income tax returns


Islamabad, Dec 09 (Online): SardarYasirIlyas Khan, President, Islamabad Chamber of Commerce and Industry said that December 8, 2020 was the deadline for the filing of income tax returns 2020, but the FBR system was not working properly, due to which many taxpayers had to face great problems in filing their tax returns and this situation necessitated the further extension in the last date for filing of income tax return.
SardarYasirIlyas Khan said that due to the spike in the second wave of Covid-19 pandemic, most of the tax consultants were unable to provide their services to the taxpayers in preparing income tax returns, therefore, it was the need of the hour that FBR should consider on date extension to facilitate maximum taxpayers in filing of income tax returns. He said that the lockdowns in the past had destroyed many businesses due to which great number of the business community was facing difficulty in paying electricity bills, rents of shops and the salaries of the workers. In these circumstances, extending the deadline for filing tax returns was an important necessity.