Final Deadline for Income Tax Returns Today: Will There Be Further Extensions?
The Federal Board of Revenue (FBR) has announced that today, Monday, October 14th, marks the final deadline for filing income tax returns. The FBR has confirmed that no further extensions will be granted, urging taxpayers to comply by the end of the day.
Previous Deadline and Extension
Initially, the deadline for filing income tax returns was set for September 30th. However, the FBR extended this deadline to provide taxpayers with additional time to submit their returns. Despite the extension, the revenue board has reiterated its firm stance against any further delays.
New Compliance Measures
In a recent statement, an FBR spokesperson emphasized that the government is implementing new measures to prevent non-filers from purchasing property. This initiative is part of a comprehensive effort to enhance tax compliance and broaden the country’s tax base. Taxpayers are strongly encouraged to file their returns by the end of today to avoid potential penalties.
Response from Trade Associations
The FBR had extended the deadline for filing income tax returns for the fiscal year 2024 from September 30th to October 14th, responding to requests from various trade associations and Tax Bar Associations.
