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
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
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.