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FBR extends tax return submitting date until Oct 15

income tax returns
The Federal Board of Income (FBR) on Thursday prolonged the date for submitting revenue tax returns for people and firms to October 15, 2021.

Earlier, the FBR had mentioned it will not lengthen the deadline for folks looking for to file their revenue tax returns.

Nonetheless, conserving in view the demand of the enterprise neighborhood and the technical points confronted by tax filers as a result of server errors, the board has prolonged the final date of submitting revenue tax returns.

Minister for Finance Shaukat Tarin determined to increase the date contemplating the fixed calls for from the enterprise neighborhood. The tax-collection physique had acquired a number of purposes for the extension of the deadline of submitting revenue tax returns.

The Karachi Chamber of Commerce and Business (KCCI) confirmed that the finance minister has given a 15-day extension to the folks and businessmen to file tax returns.

The enterprise delegation highlighted the problems confronted by the tax filers and likewise shared their considerations concerning different taxes as nicely.

The KCCI members referred to as for amendments within the ineffective tax insurance policies and raised considerations over implementation of Tax Legal guidelines (Third Modification) Ordinance 2021.

They lamented that every one such legal guidelines that impose fines at all times begin from Karachi.

The delegation prompt that the time period “under-filers” needs to be changed with “non-filers” within the Ordinance.

Earlier, FBR officers had directed involved commissioners to cooperate with filers looking for an extension, sources mentioned.

“Individuals who need a 15-day reduction should both file an utility or apply on-line, ” the FBR had mentioned.

Sources added that other than these dealing with hardships, folks experiencing technical points will even be granted an extension within the deadline.