FBR extends tax return filing date till 31st December
According to the report for the previous year of 2018, numerous extensions for the income tax payment had been given and about 2.6 million people ended up filing the income.
The Federal Board of Revenue (FBR), after failing to match the previous year’s number of return filers, made a decision on Monday to extend the date for the return of income tax for both the individuals and the companies. The date has been extended to the 31st of December, 2019.
According to the report for the previous year of 2018, numerous extensions for the income tax payment had been given and about 2.6 million people ended up filing the income. This year, by the third extended date, around 1.89 million people filed for the income tax which was lower by a percentage of 28% in comparison to the last year.
However, if the exact date of December 16, 2018, is brought into consideration, then according to the FBR report, the number of people that filed for income tax had been higher by a number of 462,000 and a percentage of 32% when 1.428 million people had been able to submit their part.
The continual extending of the dates of the FBR has proved their failure for the filing of income tax returns and them being able to apply the writ of law. According to the Income Tax Ordinance of the year 2001, the last statutory deadline for filing the income tax returns is September 30 and it remains consistent each year.
What are your views on this? Share with us in the comments bar below.