Islamabad: The Federal Board of Revenue (FBR) has extended the date for filing income tax returns till October 31.
The notification issued by the Federal Board of Revenue said that the date was extended on the demand of trade organizations and tax bar associations. Now taxpayers will be able to file their income tax returns till October 31 without any penalty or additional charges.
FBR has made it clear that there will be no further extension in the date of submission of income tax returns so taxpayers should file their income tax returns by the due date.
It should be noted that the Federal Board of Revenue had received a total of eighteen hundred and ninety thousand income tax returns till the night of September 30, which was only fifteen thousand more than the eighteen hundred and seventy five thousand income tax returns received in September last year. The total received is far less than the reported total of around 42 lakhs.
Due to the shortfall in tax returns, the FBR had on Saturday evening sent a summary of the extension of the date for submission of income tax returns to the caretaker finance minister.
FBR officials said that on the demand of business organizations and tax bar associations, a summary of the date extension was sent, after which the Federal Board of Revenue extended the date by one month and it was also stated in the circular. That the extension of date was being demanded by trade organizations and tax bar associations.
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