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More time likely for IT returns

Individual taxpayers’ deadline for filing returns might be extended one more time in view of relentless political agitations and the resultant inconvenience.

National Board of Revenue’s (NBR) income tax policy department Member Syed Aminul Karim told bdnews24.com on Thursday that a decision would be taken on Sunday.

“There is a possibility of the deadline being extended one more time,” he said.

He said the NBR had forwarded an extention proposal to the finance minister and a ‘final decision’ would be taken after his consent.

He said, this time, the deadline might be extended by a two weeks to one month.

The Income Tax Ordinance provides that tax return must be filed in September, but the cut-off is invariably extended every year.

This year, the time was first extended by one month to Oct-end at the request of the business leaders.It was later pushed to Dec 1, considering Eid-ul Azha, Puja holidays and Hajj.

In a statement, FBCCI, the apex trade body, on Thursday demanded that the deadline be extended again because of the problems posed by Opposition-enforced strike and blockades in filing returns.

Source: bdnews24

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