FBR extends income tax returns filing date till Dec 15
The Federal Board of Revenue (FBR) has extended the date for filing income tax returns for the third time till December 15, announced by federal finance minister Ishaq Dar.
The deadline has been extended keeping in view the requests from various trade bodies, Tax Bar Associations and flood-affectees.
Karachi Chamber of Commerce requested federal revenue watchdog to extend the date of submission of income tax returns till December 31, 2022.
Earlier, Federal Finance Minister Ishaq Dar had announced an extension of one month in the last date of submission of income tax returns on September 30 till November 30.
On the other hand, tax collection exceeded the target of Rs2,680 billion for five months of the current fiscal year 2022-23 and the Rs537 billion target set for the month of November.
The FBR collected Rs2,688 billion compared to Rs2,330 billion collected during the corresponding period of the previous year, up by 15.3%.