The Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to extend the last date for filing of income tax returns 2021 at least for six months considering the difficulties created by the Covid-19 pandemic that would facilitate the maximum number of eligible taxpayers to discharge this national obligation with ease and would also help in improving the tax revenue of the country.
Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce and Industry said that the Federal Board of Revenue has set September 30, 2021, as the last date for the filing of income tax returns 2021. However, he said that the Covid-19 pandemic has badly affected business activities across the country due to smart lockdowns and restrictions on business timings.
Sardar Yasir Ilyas Khan said that some tax experts have also highlighted issues of miscalculation of taxes in the specified formulas during the filing of tax returns. Therefore, FBR must extend the deadline for six months and address such issues up to the satisfaction of tax filers.
Fatma Azim, Senior Vice President, and Abdul Rehman Khan, Vice President ICCI said that keeping in view the problems caused by the Covid-19 pandemic, FBR should seriously consider allowing the business community to pay income tax for the year 2021 in easy installments that would help them to discharge tax obligations with ease.