Summary The bureau is expecting at least Rs 10 lac tax payments
ISLAMABAD (Dunya News) – Federal Bureau of Revenue (FBR) has seen submission of paltry tax returns despite extension in date thrice, Dunya News reported Friday.
The government had extended date for tax payers for 2014-15 dues three times. However, the bureau records dismal accumulation of Rs 4 lac so far. The third extension will expire after ten days.
On the other hand, the bureau is expecting at least Rs 10 lac tax payments.
Sources privy to the bureau said that banks and companies are yet to file the returns. Whereas salary-based employees have submitted the due taxes.
In October, the bureau had stated that tax returns of as many as 44 politicians will be audited. The politicians include Punjab Chief Minister (CM) Shahbaz Sharif, Law Minister Rana Sanaullah, Senator Babar Awan, Sindh Finance Minister Murad Ali Shah, Muttahida Qaumi Movement (MQM) Dr Farooq Sattar among 39 others.
Earlier on October 1, Prime Minister (PM) Nawaz Sharif had filed his tax returns worth Rs. 4,244,680, out of which Rs. 2,282,840 were submitted as income tax and the remaining 1.9 million rupees (approx.) as agriculture tax.
On August 15, the bureau had introduced a new form regarding increased tax matter. People can now avoid increased surcharge by easily submitting tax return through internet.
The latest changes were made while keeping in view the recommendations of traders and organizations.
According to statistics, only 1 percent people file tax return while the government has reserved Rs 3200 billion for tax collection.
