Connect with us

Hi, what are you looking for?

Economy

FBR will not further extend tax filing date

The Federal Board of Revenue (FBR) made it clear that it will not be granting any more extensions to file income tax returns even after receiving less than 1.5 million returns.

FBR chief commissioners, nevertheless, have been told to allow returns if someone seeks to file them after December 8, 2020.

“The FBR has received around 1.5 million tax returns so far,” a top official of the FBR confirmed to The News on Monday.

Last fiscal year, 2.9 million returns were filed. The government reportedly believes that the number of returns filed are significantly lower this time because of the difficulty of filing taxes during the second wave of the COVID-19 pandemic.

FBR’s Monday announcement was clear that no extension will be given to filing annual income tax returns after the last date, which is today (December 8).

FBR clarified that the option to file online requests will remain available. All chief commissioners have been directed to grant extensions generously and submit a report on total extension requests received and granted by the chief commissioner to the FBR Headquarters by December 10, 2020.

National

SIALKOT/ISLAMABAD: Police in Daska Tehsil, Sialkot, have concluded their investigation into the murder of a young girl, identifying her mother-in-law’s relative, Naveed, as the...

National

The Motorway Police have announced the closure of all motorways starting tonight at 8 PM, citing maintenance work as the primary reason. However, reports...

Exclusive

Karachi: Karachi Traffic Police have issued a traffic plan to manage the expected surge in traffic during the IDEAS 2024 defense exhibition, which will...

Entertainment

In light of recent social media data breaches, model and actress Mathira has stated that her name and older photos are being misused to...