fbr tax return last date 2020

The new deadline to file income tax returns is December 8, 2020 according to a notification issued by FBR. The FBR has warned that legal action will be taken against people not filing their returns on time. 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 … 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. Company. The taxpayers falling exclusively in the category of CNG required to file the return on quarterly basis. the financial year and is denoted by the calendar year in which the said date falls. Coronavirus across the world: Is the pandemic slowing down. Last date to file Income Tax Return . Partner Content The last date for filing return of income and wealth statements for tax year 2020 is September 30, 2020 for salaried persons, business individuals, Association of Persons (AOPs) and companies having special year. The FBR spokesman made it clear that there would be no further extension for the filing of income tax returns. Annual Return. Income Tax Return Filing 2019 . “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. However, the FBR has decided to grant an extension to those individuals who will seek extension through online or manual applications. 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. 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. The taxpayers can file their Income Tax Returns till 30th September, 2020. tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app. Last year FBR extended the last date for submission of tax return for tax year 2019 up to 28th February, 2020. 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. In exercise of the powers conferred under Section 214A of the Income Tax Ordinance, 2001, the Federal Board of Revenue is pleased to extend the date of 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. December 8, 2020. The FBR had received a total of 2.7 million income tax returns in the last fiscal year ended on June 30, 2020. ISLAMABAD: The Fede­ral Board of Revenue (FBR) on Tuesday extended last date for submission of sales tax and federal excise duty (FED) returns … The publication also reported that the country has 6.4 million National Tax Number (NTN) holders, out of which 4.7 million did not bother to file their tax returns. Pakistan Tax Bar Association (PTBA) has already requested in a letter dated: December 02, 2020 for extension up to January 31, 2020. 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. Who has to file Income Tax Returns? The new deadline to file income tax returns is December 8, 2020 according to a notification issued by FBR. It is worth mentioning that the FBR had not extended the date beyond December 08, 2020 for … 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. Deadline to file income tax returns is December 8, 2020 income of than! On quarterly basis assistance to the taxpayers in filing income tax returns affected its system which will not allow choking... Mandatory for salaried persons, receiving income of more than Rs600,000 made clear. September 30th to December 8, 2020 according to the News, the statistics indicated that less 1. 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