Traders demand Form D withdrawal in Income Tax return

All Pakistan Anjuman-e-Tajiran Pakistan has announced to launch a campaign to press the government for withdrawing the decision of induction of Form D in Income Tax return form. It also rejected the black mailing under the cover of form D and demanded the renewal of old Income Tax form. The demand was raised through a resolution passed in the convention of All Pakistan Anjuman-e-Tajiran here Wednesday. President Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Senator Haji Ghulam Ali was the chief guest.
The convention was addressed by central trader leaders, Malik Mehar Elahi, Haji Haroon, Khawja Muhammad Shafique, Mian Abdul Manan, Atiqque Meer, Amir Asghar Dar, Naeem Meer and Babir Mahmood. They also demanded that government should take back the imposition of twenty five per cent tax on income after changes in AOP; along with the establishment of chamber for small and medium traders and cottage industry. ‘The government should also direct all the schedule banks to strictly follow the Secrecy Act because traders have serious reservations regarding secrecy of their accounts and if the Act is not implemented in letter and spirit, then this will affect the business of banks,’ they said. The traders also showed reservations on deteriorating law and order situation of the country and increase in prices of gas and electricity. They also condemned target killings in Balochistan and insisted that government should provide educational and health facilities to the people of Balochistan. President FPCCI Senator Haji Ghulam Ali said efforts should be made for the enhancement of trade with not only India, but with other neighboring countries. He also said efforts should be made to enhance trade between SAARC and ASEAN countries; stressing on the importance of the need of a single currency for SAARC and ASEAN countries like, European Union. He said next century is the century of Asia and Asian countries and they should try to enhance their trade without sacrificing the sovereignty of each other. While answering the question about the establishment of small chamber of commerce and cottage industry Ghulam Ali said, bill is in the standing committee of commerce of the parliament.