PTBA urges FBR to extend the return filing date by 60 days

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PTBA urges FBR to extend the return filing date by 60 days

The Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to extend the date for filing of return of income for the tax year 2020 till 31st January 2021.

In his letter to the Chairman FBR, Javed Ghani, the PTBA President, Aftab Hussain Nagra, has said that the global situation created due to the coronavirus pandemic has made it impossible for taxpayers to timely file their tax returns.

“No doubt that COVID-19 situation has affected the whole world even the Asian countries are also suffering hardship due to the Covid-19. It is worth to mention here that normal life / normal business activities are not going on due to the COVID situation, which can be evaluated from the fact that even the Government of India has further extended time for filing of return till 31st January 2021 from the original due date i.e. 31st July 2020,” read the letter.

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“Moreover, the other issues like tax calculation of Behbood savings certificates/ profit etc is also required to be deployed correctly in the system. PTBA has already pointed out in writing the issue in detail through letter dated 13th November 2020. Unfortunately till date the issue pertaining to calculation of minimum tax liability by the system is persistent and not resolve which needs your special attention,” stated PTBA.

It also urged FBR to draw attention towards the single Pager return of income for manufacturers having turnover less than Rs 30 million, was introduced by the FBR on 26 November 2020 through notification / SRO 1261 (1)/ 2020. “It is not understandable that how the manufacturers having less than 50 million turnover can file their return within available time left that are 12 days, which is humanly impossible,” PTBA said.

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“Hopefully our request would succeed and time / date for filing of return of income for tax year 2020 would be extended till 31st January 2021 as the PTPA along with affiliated tax bars of the country as a part and parcel of FBR are working hard for contributing towards national exchequer through filing of return etc,” it said.

It also urged FBR to draw attention towards the single Pager return of income for manufacturers having turnover less than Rs 30 million, was introduced by the FBR on 26 November 2020 through notification / SRO 1261 (1)/ 2020. “It is not understandable that how the manufacturers having less than 50 million turnover can file their return within available time left that are 12 days, which is humanly impossible,” PTBA said.

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“Hopefully our request would succeed and time / date for filing of return of income for tax year 2020 would be extended till 31st January 2021 as the PTPA along with affiliated tax bars of the country as a part and parcel of FBR are working hard for contributing towards national exchequer through filing of return etc,” it said.

Following the precautionary measures against the spread of coronavirus, the Federal Board of Revenue (FBR) has also reduced the staff strength by 50 percent. Keeping these reasons in mind, President PTBA has recommended to the Chairman FBR to extend the tax return date till January 31, 2021.

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