Tax return filing deadline extended again

The Federal Board of Revenue (FBR) has once again extended the deadline for filing of income taxes to August 8 in order to facilitate individuals that have been unable to file their taxes up until now.

In an unprecedented move, the FBR has extended the last date for filing of returns eight times consecutively for the last fiscal year.

Under the Income Tax Ordinance, the last date for filing of returns for any fiscal year is end September. However, the dates have been extended to a maximum of mid of December in the past.

But in the case of tax year 2018, the last date was extended several times citing many reasons for extensions.

Meanwhile, the filing of new returns for the tax year 2019 will commence from September 2019.

 

Monitoring Desk
Monitoring Desk
Our monitoring team diligently searches the vast expanse of the web to carefully handpick and distill top-tier business and economic news stories and articles, presenting them to you in a concise and informative manner.

Must Read