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WEEKLY
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| No further extension in tax returns date |
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Wednesday, October 21, 2009
By Mehtab Haider
ISLAMABAD: The Federal Board of Revenue has ruled out any possibility of extending the deadline for filing of income tax returns under the Universal Self Assessment Scheme (USAS).
Taxpayers continued to file returns on the last day ie October 20. Earlier, the FBR had extended the deadline from September 30 to October 20, because the taxpayers had faced difficulties in filing returns owing to Ramazan and Eid-ul-Fitr.
“Now there is no possibility to give another extension in filing of income tax returns,” Member Direct Taxes Policy and spokesman for the FBR, Asrar Rauf, said while talking to The News on Tuesday.
However, sources said the FBR had established Tax Facilitation Centres (TFCs) in various parts of the country in order to facilitate the taxpayers in filing income tax returns.
According to FBR data gathered till September 30, salaried class return filers along with statement were the major contributors to income tax revenues as they filed 537,946 returns compared to 630,223 in the same period of previous fiscal year.
Out of total returns of 0.7 million filed till September 30, the number of returns in shape of employees in the statement stood at 506,538.
Retailers showing up to Rs5 million turnover filed 3,953 returns till September 30 compared to 5,143 in the same period of 2008, showing a decline of 1,190 in the current fiscal year.
The returns filed by the corporate sector stood at 538 till September 30 compared to only 94 in the same period of previous fiscal year.
Returns filed by the Association of Persons (AOP) declined a little bit as they stood at 5,461 till Sept 30 against 6,873 in the same period of last fiscal year.
The number of salary returns stood at 40,773 till Sept 30, 2009 against 42,696 in the same period of the previous fiscal year. The number of non-salaried returns stood at only 162,131 returns till September 30, 2009 against 159,564 in the same period of the previous fiscal year. Total number of returns with statement fetched 537,946 returns under Universal Self Assessment Scheme (USAS) till Sept 30, 2009 against 630,223 returns in the same period of 2008-09, showing a negative number of returns of 92,277.
Alarmingly, the number of returns in category of importers, exporters and contractors/suppliers showed major declining trend in the current fiscal year. The number of import return filers stood at 316 only till Sept 30, 2009 compared to 5,671 in the same period of the previous fiscal year.
The number of return filers in export side was 1,737 till Sept 30, 2009 against 2,682 returns received in the same period of the last financial year. The number of return filers in shape of contractors/suppliers stood at 3,063 till September 30, 2009 against 6,491 returns in the same period of the previous fiscal year.
In shape of tax along with returns, the FBR fetched Rs1.912 billion till Sept 30, 2009 in all categories including corporate, AOP returns, salary and non-salary compared to collection of only Rs625 million in the same period of the previous fiscal year. In shape of tax with statement, the FBR collected Rs1.975 billion during first quarter of the current fiscal year 2009-10 compared to Rs678 million in the same period of the previous fiscal year.
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ISSN 1563-9479 
