Deadline for filing income tax returns again extended
ISLAMABAD: The Federal Board of Revenue (FBR) has extended due date for filing of income tax returns or statements by salaried individuals, other individuals and association of persons (AOPs), till November 30.
Extension of date had been approved by Finance Minister Senator Mohammad Ishaq Dar on the proposal of FBR, in view of the requests made by tax bars, various trade associations and members of the business community as they could not find ample time for filing of their tax returns, an FBR press release said.
It may be recalled that in the spirit of facilitating filers, the due date was earlier extended from October 31 to November 15.
The due date for filing of returns or statements of final taxation in case of companies had not been extended, the press release said.
According to reports, around 0.8 million people had filed their income tax returns by November 15. This is third time when the government is extending the deadline for filing income tax returns . According to the Tax Directory 2016, around 1.21 million people, AOPs and companies had filed income tax returns in tax year 2016.
The government reportedly needs another more than 0.4 million people to file their returns to reach last year’s level.
The original date for filing tax returns for AOPs and companies was September 30, which was initially extended for one month and then till November 15 and now by the end of the current month in the hope of matching last year’s performance.