Pakistan Tax Bar Association appeals FBR to extend deadline for filing income tax returns, Pakistani mountaineer Ali Sadpara successfully climbs K2 in winter expedition, Speaker Asad Qaiser warns of strict action over 'unpleasant' incident in NA, PayPal to cease domestic financial transactions in India. The FBR issued Circular No. 04 of 2020 to extend the date of filing of income tax returns for the tax year 2020. Last Friday, FBR has already cleared that it would not further extend the last date for filing income tax return for tax year 2020. New date will be 30th April, 2020. For example tax year 2017, covers a period from 1st July 2016 to 30th June 2017. The last date for filing income tax return for tax year 2020 is expiring today evening i.e. The Federal Board of Revenue (FBR) may not extend the last date (December 8) for filing of income tax returns for the tax year 2020, senior tax officials revealed to ProPakistani. Company. Federal Board of Revenue (FBR) is likely to grant first date extension for filing income tax return for tax year 2020. Earlier this month, FBR had extended the last date for tax returns for 2020 from September 30 to December 8, 2020. 10:51 PM | December 04, 2020 The Federal Board of Revenue (FBR) has set December 8 as the last date to file tax returns, according to a circular the body issued Friday to the commissioners, stressing that there could be no further extension. The FBR stated that it was a fake letter and the Board did not grant any extension. The last date for filing income tax return for salaried, business individuals, AOPs and companies with special financial year, was December 08, 2020 and for corporate return the last date was December 31, 2020. ISLAMABAD: The Fede­ral Board of Revenue (FBR) on Tuesday extended last date for submission of sales tax and federal excise duty (FED) returns … According to current tax laws of Pakistan if any person / business individual / partnership firm or private limited company fails to submit there tax return within due date then they can become active tax filer after submission of tax return with … ISLAMABAD: The Federal Board of Revenue (FBR) has once again reminded all tax payers to file their income tax returns by December 8, 2020, which is the final date and will not be extended further. Pakistani citizens now have another opportunity to file their income tax returns after the last date for tax returns for 2020 was extended by the Federal Board of Revenue (FBR). Last date for submission of Annexure C was 10th April 2020. The FBR has issued instructions to all the chief commissioners to grant an extension if someone had filed online or manual applications. In its circular, the FBR said extending the deadline for the filing of tax returns affected its system. Read more: Pakistan Tax Bar Association appeals FBR to extend deadline for filing income tax returns. FBR Tax Return Last Date 2020 January by employeesportal • January 24, 2020 • 0 Comments Government of Pakistan, Revenue Division, Federal Board of Revenue Islamabad has issued the official Notification letter on 31st December, 2019 in connection with FBR tax return last date 2020 January 31. The FBR has warned that legal action will be taken against people not filing their returns on time. According to The News, the statistics indicated that less than 1% of the population opted to file their income tax returns. Quarterly Return. The FBR received 1.79 million returns by December 08, 2020. FBR has set up Facilitative Desks at all field formations throughout the country to provide assistance to the taxpayers in filing Income Tax Returns. FBR refused to further extend the general last date for filing income tax return for tax year 2020. For the current fiscal year, … Last date to file Income Tax Return . FBR commends the determination of taxpayers, and the support it received from members of Tax Bars from all over the country, who have made such record setting returns and income tax … FBR extends date for filing tax return up to December 08 admin — October 1, 2020 add comment ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday extended the last date for filing income tax return up to December 08, 2020 from September 30, 2020. Meanwhile, the date of filing of Return of Total Income /Statements of final taxation for Companies for the Tax Year 2019 which was due on 30th September 2019 and extended up to 31st January. “We have received 112,000 online requests for granting extensions along with reasons and the concerned chief commissioners will generously allow required extension keeping in view COVID-19 pandemic,” a top official told The News. ISLAMABAD: The Federal Board of Revenue (FBR) has set December 8 as the last date to file tax returns, according to a circular the body issued … The new deadline to file income tax returns is December 8, 2020 according to a notification issued by FBR. A tax year is a period of twelve months ending on 30th day of June i.e. The FBR’s announcement on Monday stated that no further general extension in date will be granted to file annual income tax returns after the last date i.e. Chief commissioners, however, 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 … The FBR, in an official  statement on Twitter, said that under Section 114 of Income Tax Ordinance 2001, it is obligatory on all those people who have their houses built on more than 500 square yards, or own vehicles of 1,000 CC or more, to file their tax returns. A comparison with the returns of last year at the close of dead-line, which was 30 June 2020, would be meaningful when the number of additional returns to be filed until June 30, 2021 is available. Those people who have subscribed to a commercial connection for electricity and whose annual bill is more than Rs500,000 or those people whose business income exceeds Rs300,000 per year are also liable to file  tax returns. ISLAMABAD: The Federal Board of Revenue (FBR) has  once again reminded all tax payers to file their income tax returns by December 8, 2020, which is the final  date and will not be  extended further. Coronavirus across the world: Is the pandemic slowing down. Last year FBR extended the last date for submission of tax return for tax year 2019 up to 28th February, 2020. September 30, 2020. For the current fiscal year, the FBR has so far received over 1.7 million returns and it was expecting over one million returns would be filed through individual requests. Tax period for Income Tax Return. ... Official Email (FBR Employees) Government Links . FBR has extended the date for filing of income tax returns from September 30th to December 8, 2020. Extensions granted to applicants The FBR granted extensions to all those taxpayers who filed applications for extensions (online or manual) up to December 08, 2020. A senior tax official of the FBR confirmed ProPakistani about the extension of the deadline. It added that the country’s tax authority is now planning to take strict action against those who have an NTN but did not file their returns in the last three consecutive years. The FBR had received a total of 2.7 million income tax returns in the last fiscal year ended on June 30, 2020. The date for filing income tax return may be extended for salaried persons, business individuals, Association of Persons (AOPs) and companies having special financial year. The annual income tax return filing is due on September 30 every year for all taxpayers except for those corporate entities having financial year close till June 30. On or before 31st December. Company having a special tax year. letter C.No.6(2)S(IR-Ops/2020(Pt), dated December 4, 2020, and to state that Pakistan Tax Bar, various chambers of commerce & industry, trade bodies, and sections of print and electronic media have approached FBR requesting that either the last date for filing of Income Tax Returns for Tax However, the FBR has decided to grant an extension to those individuals who will seek extension through online or manual applications. The FBR spokesman made it clear that there would be no further extension for the filing of income tax returns. The taxpayers can file their Income Tax Returns till 30th September, 2020. In its circular, the FBR said extending the deadline for the filing of tax returns affected its system. The Federal Board of Revenue (FBR) announced on Wednesday that the last date of filing income tax returns for the year 2020-21 will be September 30. It is important to mention here that last date for payment of sales tax will be 27th April 2020. Income Tax Return relates to a specific tax year. A manufacturer is to file annual Sales Tax return, for a financial year by the 30th September of the following financial year. IRIS Tutorial . Previously, the last date of filing income tax return was up to 8th December, 2020. The fake circular stated that the date for filing of income tax returns or Statements for Tax Year 2020 has been extended till January 31, 2021. Pakistan Tax Bar Association (PTBA) has already requested in a letter dated: December 02, 2020 for extension up to January 31, 2020. The Federal Board of Revenue (FBR) has announced that the last date of filing income tax returns for the year 2020-21 will be September 30. Annual Return. FBR has upgraded its system which will not allow the choking of the system in the last days of Tax Returns filing. The taxpayers falling exclusively in the category of CNG required to file the return on quarterly basis. 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