October 14, 2024 (Monday) marks the final deadline for submitting income tax returns for the current tax year. The Federal Board of Revenue (FBR) has reiterated that there will be no further extensions for filing tax returns. Taxpayers are urged to meet this deadline to avoid penalties and legal action.
No Further Extensions for Tax Filing
Initially, the deadline for submitting tax returns was set for September 30, 2024. However, due to high demand and requests from taxpayers, FBR extended the deadline to October 14, 2024. Despite expectations from some individuals for another extension, the FBR has confirmed that the current date is final.
FBR’s Measures Against Non-Filers
In addition to urging timely submission, the FBR is also introducing new measures to crack down on non-filers. These actions will prevent individuals who do not file tax returns from purchasing property in Pakistan. The government aims to boost tax compliance through these steps, ensuring that more citizens fulfill their legal obligations.
Consequences of Late Filing
Filing income tax returns after the deadline can result in penalties, additional fees, or legal notices from the FBR. Taxpayers who miss today’s deadline are encouraged to consult with tax professionals to explore their options.
How to File Your Income Tax Return
To file your income tax return, visit the official FBR website and log in to your account. The process can be completed online, or you can consult a tax expert for assistance. Make sure all relevant documents, including income statements and other financial records, are readily available for a smooth filing process.
 marks the final deadline for submitting income tax returns for the current tax year. The Federal Board of Revenue (FBR) has reiterated that there will be no further extensions for filing tax returns. Taxpayers are urged to meet this deadline to avoid penalties and legal action.){kind=link}