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Home Business

The FBR will probably extend the deadline for filing tax returns

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October 28, 2022
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FBR suspends two officers for disclosing Gen. (Ret.) Bajwa's tax information
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LAHORE: The Federal Board of Revenue (FBR) will probably extend the deadline for filing income tax returns in order to assist the business community.The deadline for tax filers was initially extended by the FBR to October 31.

Nasir Iqbal, the chief commissioner of inland revenue in Lahore, claimed that the FBR’s revenue has multiplied over the previous ten years, rising from Rs 1,000 billion in 2008 to Rs 3, 800 billion in 2015 and projected to reach Rs 7, 450 billion in the tax year 2023.

Iqbal stated that the board has devised a plan to reduce its direct contact with the business community during a meeting at the Lahore Chamber of Commerce and Industry (LCCI). Iqbal stated that only in regional tax offices (RTO) Lahore, over 80,000 new filers are added each year, demonstrating the department’s success with the paradigm shift.

According to the commissioner, there are differences in the tax rate and treatment of non-taxpayers.He noted that while the rate for non-taxpayers was 7.5%, the rate for taxpayers was an adjustable 2%.

The FBR representative was apprised of the difficulties faced by businessmen as a result of the convoluted rules by Kashif Anwar, President of the Lahore Chamber of Commerce and Industry. He emphasised the importance of holding officers accountable when they apply the law incorrectly.

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Tags: deadlineextendFBRKashif AnwarLCCINasir IqbalRTOtax returnsThe deadline for tax filers was initially extended by the FBR to October 31

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Sindh Governor Kamran Tesori has predicted that the value of the US dollar will fall below 250 rupees against the Pakistani rupee. Speaking to the media in Karachi, Kamran Tesuri said that Karachi is occupied by various mafias but we all remain silent spectators. He said that brothers of Jamaat-e-Islami have appreciated our IT program, we will also take help of Jamaat-e-Islami in IT program. On the question regarding the improvement of the Pakistani economy, the governor of Sindh said that he agreed that nobody can stop the wheel of the economy from moving, the dollar is going to go below 250, such a policy is coming that the dollar will be available to everyone. . A nexus of dollar smugglers, black marketers and banks has come to light in recent action: Malik Bustan Governor Sindh said that investment is coming to Pakistan and is in the final stages, there are mineral deposits in Pakistan, work has started on agriculture, IT and minerals. On a question, Kamran Tesuri said that the election is coming, now the real test is for the people, Saeed Ghani is a brother, he is talking like Manzoor Wasan these days. When asked about the sit-in outside the Governor's House, Kamran Tesori said that Jamaat-e-Islami should hold a sit-in. It should be noted that a large-scale operation against hoarding and smuggling of dollars is going on across the country by the supervising federal and provincial governments and the US dollar has reached 291 rupees in the inter-bank exchange.
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Governor of Sindh predicted that the dollar will fall below 250

by Daily Patriot
September 22, 2023
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Sindh Governor Kamran Tesori has predicted that the value of the US dollar will fall below 250 rupees against the...

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