The Federal Board of Revenue (FBR) has clarified that it has not extended the last date for filing income tax returns for the tax year 2018 after the expiry of the extended deadline on December 15.
The Board said that the date was changed to December 17, 2018 to fulfill the requirements of the law.
FBR had extended the last date for filing income tax returns – for taxpayers including salary persons, business individuals, the association of persons (AOPs) and corporate entities- to December 15, 2018.
The last date for filing income tax returns was on Saturday, which is not a working day. Under the law, if a date expires on a weekly holiday than it will automatically be extended to the next working day.
Therefore, the return filing date was automatically extended to December 17, 2018, which is the next working day.
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FBR said taxpayers should avail this opportunity and file their returns by midnight December 17, 2018, as anyone who files their returns after this date will not be entitled for entry into the Active Taxpayers List (ATL).
ATL is mandatory for availing reduced rate of withholding tax rates under Income Tax Ordinance, 2001 besides purchasing immovable properties and registering new locally manufactured or imported cars.
On Sunday, State Minister for Revenue Hammad Azhar tweeted:
Tax Returns filed till yesterday have shown a 30 % increase from last year. Due to Saturday being a non-working day, therefore as per procedure, Tax Returns and tax dues will also be allowed to be submitted on Monday 17th December 2018.
— Hammad Azhar (@Hammad_Azhar) December 16, 2018
The minister said that compared to FY2017 when 1,121,533 Income Tax Returns were filed till last filing day (15th Dec 2017) with FBR, this year we see a huge jump of 30% as 1,418,402 returns were filed by 15th Dec 2018.
If SomeOne failed to filling tax return then FBR should take serious action against them & arrest to all of them.
Why?
you know, filling the tax return is different from Tax “money” deduction?
They should arrest the new guys who havent filed even a single time. RATHER than taking action who have filed one time in the last few years and only filing annually due to their notices.
Exactly what i mean :