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NA Finance Committee rejects FBR penalties for non-filers
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NA Finance Committee rejects FBR penalties for non-filers
ISLAMABAD: The National Assembly Standing Committee on Finance has opposed an FBR proposal to penalize late tax filers and directed that the amendment to the Income Tax Ordinance 2001 be redrafted. The committee recommended reducing the penalty period for not filing tax returns to three months. It rejected the FBR’s proposal to introduce a new definition of tax payment for non-filers. Committee members said a penalty for non-filing of returns is…
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