ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date for filing of Income Tax Returns/Statements against the Tax Year 2019 till October 31, 2019.
According to a notification of the FBR, the individuals and associations of persons are allowed to file their tax returns by the end of next month.
The companies are also allowed to file their returns by October 31.
On Sept 3, the FBR) had asked tax payers to provide all required information about their expenditures in tax returns.
In a statement, the FBR spokesman had asked tax filers to fill details about water expenditures in the column bearing water code number 7059.
The government had repudiated the report published on a local newspaper website about the Federal Board of Revenue (FBR)’s allegedly missing August revenue collection target by Rs50bn.
On Sept 19, the FBR had launched Second Edition of IRIS portal ‘Maloomat.’
In a tweet, FBR Chairman Shabbar Zaidi had said the information contained was indicative. He said the purpose was to disseminate the data already available with the FBR.
“People should see and visit the portal for accuracy of return to be filed by September 30, 2019,” he had said.
Last month, FBR Chairman Syed Shabbar Zaidi had said that despite 8 to 10 non-working days in August, about 90% of FBR’s target had been achieved.
“Alhamdulillah, FBR collection in this month is 297.4B despite 8-10 non-working days. So far, FBR’s target for FY2019-20 has been achieved to the extent of 90%. 580 billion against the target of 644 billion,” he had tweeted. The website had in a chart shown that the FBR had missed the target by more than 50 percent.