100% E-filing of Income Tax Returns from Karachi
Daily Times is reporting something healthy – Business in Karachi have filed their Income Tax Returns 100% electronically.
KARACHI: The Federal Board of Revenue’s (FBR) Regional Tax Office (RTO), Karachi has received 100 percent e-filing of returns from corporate sector for 2007.
According to data obtained from FBR’s regional headquarter, about 5,063 corporate taxpayers are registered with the RTO Karachi and all of them have filed their income tax returns through FBR online service electronically till its deadline January 31, 2008.
The FBR extended the date of filing income tax returns twice for corporate taxpayers from December 31, 2007 to January 14, 2008 and January 31, 2008 as majority of the taxpayers could not submit their returns following the political and law and orders’ turbulence in the country.
RTO’s officials said that majority of taxpayers have understood the procedures of e-filling as they filled the forms without any complications, but some 374 returns were filed manually by corporate taxpayers due to mismatching of crucial sequence and tax numbers. Though they were later converted and filed through FBR’s e-portal making 100 percent e-filing.