This was crux of the speeches delivered at a seminar on "Filing of Tax Return" here at the Lahore Chamber of Commerce & Industry. Commissioner Income Tax Fizza Batool presided over the seminar.
Commissioner Income Tax Fizza Batool said FBR is working to establish close liaison with the business community and taking all possible measures for trust building. She said that filing tax return would become compulsory for everyone. Filing of tax return is a must to purchase vehicles and property of over four million.
Fizza said that FBR considers businessmen as partners and not adversary. Government needs revenues to run its affairs smoothly, she added. Commissioner Income Tax also gave a presentation and replied the queries raised by the participants on the occasion.
The LCCI Senior Vice President Khawaja Shahzad Nasir and Vice President Fahim-ur-Rehman Sehgal said that taxpayers can get rid of various difficulties by filing their tax returns at their first ease. By doing this, they can manage their businesses in a better manner, they said.
The Federal Board of Revenue (FBR) has given a biggest facility to the taxpayers by introducing online system for filing of tax returns. Now businessmen can file their returns while sitting in their offices, they said and urged the FBR to organize training workshop throughout the country.
They said that such initiatives would help broaden the tax net. They said that Lahore Chamber is ready to collaborate with Regional Tax Office and to extend support in the larger interest of the trade and industry.