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Friday April 19, 2024

Tax returns

The FBR has introduced a new electronic income tax return form-2015 for the salaried class. It has been made mandatory to submit this 16-page electronic form by August 31, 2015, failing which they are liable to be penalised. It is strange that the FBR has made the tax-filing procedure more

By our correspondents
August 30, 2015
The FBR has introduced a new electronic income tax return form-2015 for the salaried class. It has been made mandatory to submit this 16-page electronic form by August 31, 2015, failing which they are liable to be penalised. It is strange that the FBR has made the tax-filing procedure more difficult instead of facilitating taxpayers by introducing a simple, one-page form.
Most salaried taxpayers do not have time and resources to file their tax returns although income tax is being deducted from their monthly salaries. The finance minister’s attention is invited to the difficult and hazardous conditions army officers have been facing since 2001. The bulk of the army is actively committed on our eastern and western borders and security of cantonments. Since income tax is deducted at source by the respective accounts office, therefore, it is suggested that these account offices should send a list of employees with the amount of tax deducted to the concerned income tax commissioners. These names should then be included in the income taxpayers’ list without asking these employees to file any type of income tax return.
Lt-Col (r) Javed Ahmad
Multan