FBR: Annual tax returns deadline extended till November 30

FBR: Annual tax returns deadline extended till November 30

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KARACHI: The Federal Board of Revenue (FBR) has further extended the deadline to file annual income tax returns and wealth statements to November 30, 2018.

Sources said the process of filing income tax returns was slow due to the incentives given to non-filers in the mini budget announced by the PTI government.

September 30 was the last date for filing the returns but the Pakistan Tax Bar Association (PTBA), in a letter to the FBR chairperson, had sought an extension in the deadline. The PTBA had stated that tax return forms were uploaded on August 17 after amendments and it was difficult to file tax returns in 11 days.

The Pakistan Tax Bar Association (PTBA), in a letter to the FBR chairperson, had sought an extension till October 16 2018 to file returns.

The PTBA had sought for the deadline to be extended to October 16.

All those whose annual salary from July 1, 2017 to June 30, 2018 above Rs.400,000 are required to file their income tax returns along with wealth statement for the financial year 2017-18.

Usually, the FBR extends the deadline many times a year to encourage people to file their returns.

Sources further said that only 0.35 million people have filed income tax returns till September 30 due to which the FBE has extended the deadline till November 30.

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