The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns until October 31, 2024. This extension comes in response to multiple requests from trade organizations and tax bar associations. Additionally, the decision considers the bank holidays that affected the tax filing process.
Extension under Section 214A of Income Tax Ordinance 2001
The extension has been granted under Section 214A of the Income Tax Ordinance 2001, providing individuals and businesses more time to meet their tax obligations. This move is aimed at facilitating taxpayers who faced challenges in filing their returns by the previous deadline.
Previous Deadline Extended to October 14
Initially, the FBR had extended the original deadline from September 30 to October 14, 2024. However, due to ongoing requests and logistical issues, the final deadline has now been set for October 31, 2024.
How to File Your Income Tax Return
To avoid last-minute complications, taxpayers are encouraged to file their returns as soon as possible using the FBR’s official online portal. Filing your income tax return within the given timeframe will help avoid penalties and ensure compliance with the Income Tax Ordinance 2001.
Make sure to complete the process by October 31, 2024, to benefit from this extended deadline.