The Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday demanded of the Federal Board of Revenue (FBR) to address the income tax issues faced by the small traders.
Shahid Zaman Shinwari, Vice President, Islamabad Chamber of Commerce and Industry (ICCI) has said that the requirement of Form D relating to the personal expenditures of individual tax payers which includes the details of expenditures on personal phones other utilities, children education and other personal expenditures have been demanded.
Although it is a step forward for the documentation of economy but there was great trust deficit exists between the taxpayers and tax officials. Small traders are frightened as this step may also leads to tax harassment, Shahid Zaman Shinwari, has stated this in a statement.
On the demand of small traders, Islamabad Chamber of Commerce and Industry urged the FBR to take small traders in confidence so that they could file their returns and deposit the tax in the government treasury.
He emphasised on winning the public confidence by improving governance and eradicating corruption while pursuing equitable tax policies were essential for revamping tax collection system and unless some concrete measures were taken on these lines, the anxiety about not being able to pull the economy out of mounting debt and public expenditure would linger.
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2011
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December
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- Boxing star Amir Khan arrives in Pakistan for tour...
- Cricket: Sri Lanka hope for change of luck
- Football: Celtic trio called to represent Team GB
- Football: Ferguson praises Giggs as United look to...
- If Kayani’s, Pasha’s heads roll, SC may come to re...
- Quaid-i-Azam Day: Float displays country’s cultura...
- To ease freight load: Green light given to buy 14 ...
- Car catches fire near PTI rally in Karachi Venue
- Firdous Ashiq Awan submitted her resignation as Mi...
- Gen. Kayani was not be present at the president’s ...
- Imran Khan ramps up anti-graft revolution
- Protection of minorities rights is a duty of Govt....
- Saudi airlines emergency landing in Karachi
- Thousands of people gathered in PTI Karachi rally
- US suspends drone attacks in Pakistan
- Pakistan won hockey series against China
- 163 bottles of liquor, other items seized
- Abbas, Meshaal to meet in Cairo
- Abidi gets rousing welcome in Karachi
- Agencies role elimination a must: Shahzain
- All parties want thorough probe into memo scandal
- All stakeholders to be taken on board: Gilani
- Anothder Indian prisoner still in jail despite ter...
- Archdiocese of Lahore celebrate 125th anniversary
- ASWJ activist among four killed Karachi violence
- Australian among 7 die in Indian train fire
- Bill against child molestation adopted
- Bush, Blair guilty in Malaysia �war crimes trial'
- Butt, Aamir to appear before court for appeal hear...
- Co-Ed plan irks females
- Condemned consultant points finger at staffers
- Confusion prevails on TTP truce
- Dacoits continue their looting spree in City
- Egyptians gather for mass protest
- Faiza�s painting exhibition opens in City
- Fakhar Imam joins Jaago Tehreek
- FBR asked to address income tax issues
- Five FC men killed in Dera Bugti blast
- Gaddafi son to face trial in Libya
- Gloria Arroyo sued for massacre
- Gold rallies but debt woes dominate
- Govt must not protect thieves: SC
- Govt to form National Security Task Force soon
- �I played hide & seek for personal gains�
- ICJ to be moved against HR abuses in IHK
- Legal fraternity divided over Memogate inquiry
- Letter sans signature invalid, says Khosa
- Llodra-Zimonjic beat �Indo-Pak Express' for first ...
- London giants look to clinch last 16 berths
- Lorgat not to seek extension
- Major POL price hike on the cards
- Man kills childless wife
- Memo casualty
- Munter offers help on memo
- N cancels G,wala public moot over security
- NASA launching 'dream machine' to explore Mars
- No dengue-related deaths anymore
- No high treason against Haqqani
- No reason to rejoice
- Pagara sees no party in power
- Pakistan could become a failed state, says Romney
- Pakistan face Lanka in final ODI today
- Pakistan TOA team seek govt help
- Pakistan, Lanka qualify for Women�s World Cup
- Plea admitted for hearing against CJ oath-taking
- PML-Q notables set to join PTI
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