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

0:00

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 172,400.73
346.40M
0.92%
1570.51
ALLSHR 103,483.96
796.97M
0.55%
561.58
KSE30 52,734.06
184.56M
1.08%
564.57
KMI30 245,565.33
110.97M
1.07%
2605.02
KMIALLSHR 67,233.70
319.67M
0.68%
453.28
BKTi 47,898.10
95.85M
0.98%
462.51
OGTi 33,838.49
13.78M
1.39%
464.88
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 87,825.00 90,115.00
86,915.00
75.00
0.09%
BRENT CRUDE 60.80 62.67
60.56
-1.44
-2.31%
RICHARDS BAY COAL MONTHLY 87.50 0.00
0.00
1.05
1.21%
ROTTERDAM COAL MONTHLY 94.50 0.00
0.00
-0.70
-0.74%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 56.93 58.88
56.65
-1.42
-2.43%
SUGAR #11 WORLD 15.17 15.28
15.08
-0.12
-0.78%

Chart of the Day


Latest News
December 27, 2025 at 01:11 PM GMT+05:00

SCRA ends week around Rs31bn


December 27, 2025 at 09:24 AM GMT+05:00

PSX Closing Bell: Hold On, We’re Going Up


December 26, 2025 at 04:17 PM GMT+05:00

UAE unveils nationwide projects


December 26, 2025 at 04:13 PM GMT+05:00

PKR edges up against USD


December 26, 2025 at 02:33 PM GMT+05:00

Gold price in Pakistan rises Rs500 per tola



Top 5 things to watch in this week

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