Taxpayers allowed to file tax returns after expiry of extended period

News Image

MG News | December 10, 2020 at 02:12 PM GMT+05:00

December 10, 2020: The Federal Board of Revenue (FBR) on Thursday has clarified that taxpayers were allowed under the law to file annual income tax returns after the completion of the extended period granted by the Chief Commissioners Inland Revenue.

In a statement issued here, the board advised the taxpayers to file their returns as early as possible as late filing of tax returns would only be accepted after payment of surcharge calculated as per law.

It may be remembered that FBR had given an opportunity to the taxpayers to seek an extension in date from their respective field office for filing of tax returns through online or manual way till December 8.

 Special directions were issued to all the field offices in this regard to provide maximum facilitation to the taxpayers so that taxpayers could file their tax returns within time.

The board further clarified that necessary action against those non-filers who are eligible to file tax returns would soon be initiated as per law.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 177,623.88
478.02M
-0.36%
-638.45
ALLSHR 107,472.27
954.45M
-0.34%
-365.17
KSE30 53,131.56
115.62M
-0.41%
-216.11
KMI30 250,814.93
150.64M
-0.28%
-695.43
KMIALLSHR 68,971.49
608.41M
-0.29%
-202.37
BKTi 50,769.48
23.80M
-0.58%
-295.25
OGTi 34,999.12
6.26M
-0.71%
-249.30
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 63,845.00 64,810.00
62,680.00
-1120.00
-1.72%
BRENT CRUDE 83.86 88.06
82.52
-4.50
-5.09%
RICHARDS BAY COAL MONTHLY 105.75 0.00
0.00
-0.50
-0.47%
ROTTERDAM COAL MONTHLY 120.00 0.00
0.00
0.25
0.21%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 79.13 82.43
77.78
-3.48
-4.21%
SUGAR #11 WORLD 14.56 14.70
14.50
-0.02
-0.14%

Chart of the Day


Latest News
July 29, 2026 at 12:54 AM GMT+05:00

Petrol up Rs1.63, diesel up Rs1.55 effective July 29


July 28, 2026 at 05:02 PM GMT+05:00

Refining breakthrough clears way for $6bn upgrades


July 28, 2026 at 04:35 PM GMT+05:00

PKR maintains positive momentum against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg