In May 2000, as part of the Open Storage Networking (OSN) initiative, Quantum/ATL and Network Appliance announced a solution for backing up Network Appliance
filers using a Fibre Channel SAN.
The SEC will notify corporate
filers by mail 90 days before their phase-in date and will supply free copies of the EDGARlink software and the EDGAR
Filer Manual.
To encourage
filers to submit corrected information to the IRS as promptly as possible, section 6721 provides a time-sensitive tiered penalty structure, under which the basic $50 penalty is reduced to $15 if a failure is corrected within 30 days of the required filing date and to $30 if a failure is corrected after the end of such 30-day period but on or before August 1 of the year in which the return is to be filed.
The Accountant General Punjab Shuja Zaka has also issued orders to all the employees of the AG offices to declare their assets and become
filers as soon as possible.
Also, during FY 2017-18, the number of new ITR
filers has also increased to 1.07 crore as compared to 86.16 lakh new ITR
filers added during FY 2016-17.
On the other hand, FBR has crossed the mark of 18,00,000 income tax
filers for tax year 2018 for the first time in its history.
Over the past 10 years, the number of tax
filers showed significant decline from 2.4 million active tax payers in 2007.
In the existing mechanism, a person withdrawing more than Rs 50,000 is charged with Withholding Tax, which is 0.3 percent for
filers and o.6 percent for non-filers.
Furthermore, the importers would have to pay eight percent tax (Rs 160,000 on Rs two million) on import of raw material whereas the tax
filers pay only 5.5 percent (for example Rs 110,000 on Rs two million) on import of raw material whereas non-filer exporters would have to pay nine percent duty, i.e.
The decision to bring the non-filers at par with the
filers is undoubtedly a very negative step and may adversely affect the government plan to broaden the tax base.
The report states that during the income year 2016, a total of 79,877
filers filed their PIT returns recording an increase in number of PIT
filers by 8,318
filers.
Individual
filers can claim a credit of up to $2,000, or $4,000 for joint
filers, for contributing to an Individual Retirement Account, 401(k), or similar qualified retirement savings plan.