LCCI welcomes amendment in tax ordinance
President LCCI lauds suspension of Section 153-A of Income Tax Ordinance 2001.
LAHORE: The President of Lahore Chamber of Commerce and Industry (LCCI), Farooq Iftikhar has said that Federal Board of Revenue took right step by suspending Section 153-A of Income Tax Ordinance 2001, which would excel investment.
In a statement issued from his office on Wednesday, he said that the Lahore Chamber of Commerce and Industry is thankful to the Chairman Federal Board of Revenue Ali Arshad Hakeem for fulfilling commitment made by him at an open house discussion at LCCI.
The LCCI President said that the issuance of SRO 1487 (I) 2012 would help strengthen liaison between the business community and the FBR as a large number of businesses were in deep trouble due to repeated issuance of notices to the businessmen despite an assurance by the FBR Chairman.
He hoped that the Federal Board of Revenue would continue to facilitate the business community in future as well for the economic well being of the country.
