TAXPAYERS ALLOWED TO FILE TAX RETURNS AFTER EXPIRY OF EXTENDED PERIOD

Tax in PakistanFederal Board of Revenue (FBR) has clarified that taxpayers are allowed under the law to file annual income tax returns after the completion of extended period granted by the Chief Commissioners Inland Revenue. FBR has advised the taxpayers to file their returns as early as possible as late filing of tax returns will only be acceptable after payment of surcharge calculated as per law.

It may be remembered that FBR had given an opportunity to the taxpayers to seek extension in date from their respective field office for filing of tax returns through online or manual way till 8thDecember. Special directions were issued to all the field offices in this regard to provide maximum facilitations to the taxpayers so that taxpayers could file their tax returns within time. FBR has further clarified that necessary action against those non-filers who are eligible to file tax returns will soon be initiated as per law.

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