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CNI Urges Government to Extend Deadline for Submission of Income Tax Details

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CNI Urges Government to Extend Deadline for Submission of Income Tax Details
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January 10: The Confederation of Nepalese Industries has urged the government to further extend the deadline for submitting income tax details and registration update till mid-April.

Chairman of CNI Satish Kumar More made such request for deadline extension with government authorities during a recent meeting, according to the state-owned national news agency (RSS).

Chairman More argued that they have been abiding by their duty in the previous years but most of the businesses and companies have been badly affected by the COVID-19 pandemic since the last ten months.

In such a context, there can be no alternative than to extend the deadline, RSS quoted Chairman More as saying.

According to the CNI, many business and industries are yet to resume normal activities but are on their way to recovery. Chairman More stated that many of them are yet to complete their audit report due to the pandemic and therefore urged the government to extend the deadline till mid-April (end of Nepali calendar year).

He added that CNI is committed to ensure that the businesses associated with it submit the tax details to help the government attain its target.

According to the income tax act, the estimated income tax details should be submitted to the concerned department within mid-January ever year.

 

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