Heading: PCDMA FOR EXTENSION OF INCOME TAX RETURN FILING DEADLINE - 2025-09-26
KARACH: In a sharp critique of the Federal Board of Revenue (FBR), Salim Valimuhammad, Chairman of the Pakistan Chemical & Dyes Merchants Association (PCDMA), has demanded an urgent extension of the income tax return filing deadline beyond September 30, following abrupt and sweeping changes to the filing process. Valimuhammad expressed deep concern over the last-minute amendments made to the Income Tax Return and Wealth Statement forms for Tax Year 2025–26. These include mandatory disclosure of all properties at their Estimated Current Market Value (ECMV) and listing of each asset individually. Calling the move ill-timed and unplanned, he said: “These changes were introduced without prior consultation or technical preparedness. Expecting taxpayers to comply on such short notice is unrealistic. This is causing serious disruption, especially for small & medium business owners.†He added that the FBR’s updated online system—rolled out just days before the deadline—is plagued with technical glitches and repeated crashes, making it extremely difficult for users to file returns. Taxpayers who already…