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 135,939.87
307.74M
-0.41%
-562.67
ALLSHR 84,600.38
877.08M
-0.56%
-479.52
KSE30 41,373.68
101.15M
-0.43%
-178.94
KMI30 191,069.98
82.45M
-1.17%
-2260.79
KMIALLSHR 55,738.07
422.01M
-1.03%
-577.24
BKTi 38,489.75
45.79M
-0.02%
-8.33
OGTi 27,788.15
6.87M
-1.24%
-350.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,045.00 120,695.00
116,090.00
-3190.00
-2.65%
BRENT CRUDE 68.72 69.41
68.60
-0.49
-0.71%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.25
-2.05
-1.92%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.57 67.13
66.22
-0.41
-0.61%
SUGAR #11 WORLD 16.56 16.61
16.25
0.26
1.60%

Chart of the Day


Latest News
July 15, 2025 at 05:46 PM GMT+05:00

Labubu Mania drives Pop Mart’s profit surge


July 15, 2025 at 05:22 PM GMT+05:00

Big industry output rises 2.29% in May


July 15, 2025 at 04:22 PM GMT+05:00

SYS set for 71% profit surge on global tailwinds



Top 5 things to watch in this week

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