ISLAMABAD: The Federal Board of Revenue (FBR) has extended the last date for filing of tax returns to February 28.
The extension of last date was aimed to facilitate maximum individuals, association of persons and companies.
On Nov 30, the FBR had further extended the deadline, for individuals and companies, to file income tax returns for tax year 2019 up to December 16. The earlier deadline had expired on November 30.
“The date of filing of total income/ statements of final taxation for companies for the Tax Year 2019, which were due on September 30 and extended upto November 30, in respect of those companies who have paid 95 percent of the admitted tax liability on or before Oct 30, is hereby further extended up to December 16,” read the circular issued by the FBR.
There are several benefits of filing tax returns which include lowering of taxes on bank transactions and buying property or cars. You also get tax refunds.