FBR Tax Return Last Date 2024 Extended

FBR Tax Return Last Date 2024 Extended – Islamabad: Federal Board of Revenue (FBR) on Friday granted a one-month extension for filing the income tax returns for the tax year 2024. On Thursday this week, The FBR Director of Inland Revenue (Operations), Arshad Nawaz Cheema told the members of the advisory group of the Federal Tax Ombudsman (FTO) Headquarters that the FBR is currently discussing an extension on the level of the Board, but a final determination has not yet been taken in the coming days, he told the meeting.

FBR Tax Return Last Date 2024 Extended

ISLAMABAD It was announced that the Federal Board of Revenue (FBR) Friday extended the deadline to file income tax returns for companies and individuals to October 31. The decision was made considering the demands of the business world. The announcement was made by the Federal Minister who was recently appointed Finance and Revenue Ishaq Dar in his inaugural press event in Islamabad. In the year 2024, FBR issued Circular No. 16 of 2024 which also extended the date for filing income tax returns for the tax year 2024.

FBR-logoFBR Extends Return Filing Date Up To October 31, 2024

In a letter to the minister of finance, Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Idrees has requested the government to issue guidelines for the Federal Board of Revenue (FBR) to allow an extension to extend the deadline from September 30th, 2024 until the 31st of December 2024 for the filing of income tax returns.

FBR Likely To Extend Date For Filing Tax Returns

In the course of the meeting held within the FTO Office at the FTO Office, the FBR Director of Inland Revenue (Operations) was responding to questions from FTO’s advisory members regarding the complex income tax return form for Tax Year 2024. At the press conference, he announced that the tax collectors authority received Rs685 billion of tax returns in September. “It will definitely be prudent to ask FBR to delay the deadline since there aren’t many returns that have been filed as of yet,” noted Zulfikar Thaver Chairman of the Union of Small and Medium Enterprises (UNISAME).

How To File Income Tax Return After Due Date In Pakistan

The banks are typically operating late into midnight on the day of filing tax returns to collect taxes. There isn’t any announcement regarding extended working hours at FBR’s field formations and banks on September 30th, 2024. This is a clear sign of an extension possible in the period of filing income tax returns for one month. According to the circular, the FBR extended the deadline for filing annual returns until September 30, 2024, from September 30, 2024.

Income Tax Return 2024 Pakistan

A variety of organizations and chambers have approached FBR to request an extension of the tax return filing process, such as the Karachi Chamber of Commerce and Industry (KCCI), Faisalabad Tax Bar Association Faisalabad Chamber of Commerce and Industry Multan Tax Bar Association. It was also discovered that during the first quarter (July through September) of the fiscal year 2024, the FBR received more than Rs1,609 billion, which is higher than the target amount. While refunds totaling Rs84 billion have been distributed so far.

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Dear Taxpayer, Please File Your Income Tax Return For Fy 2024

“Secondly the constitution states that the deadline to file tax returns is up to the close in the financial year” he added. The Federal Board of Revenue (FBR) has not announced any extended times of work hours for the field formations or extended hours of depositing tax at banks on September 30th, indicating a possible extension in filing income tax returns over one month.

Contact Info:

Email: ittaxes@fbr.gov.pk

Fax: 051-9219558

Tel: 051-9202771

Waqas Anjumhttps://pakistanalerts.pk
I am a Pakistani blogger, I love to write educational articles. my goal is to help my Pakistani students.

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