The Federal Board of Revenue (FBR) has announced an extension of the deadline for filing income tax returns for the tax year 2024. In response to requests from various trade bodies, the FBR has extended the deadline from September 30, 2024, to October 14, 2024.
Key Points:
- Extension Granted: The FBR has exercised its powers under Section 214A of the Income Tax Ordinance 2001 to extend the deadline.
- Reason for Extension: The decision was made in response to requests from trade bodies and the general public.
- Impact on Taxpayers: This extension provides additional time for taxpayers to file their returns and avoid late filing penalties.
Action for Taxpayers:
- File Returns by October 14: Taxpayers who were required to file their returns by September 30 now have until October 14 to complete the process.
- Avoid Penalties: Filing the return before the extended deadline will help taxpayers avoid any late filing penalties. Taxpayers shall file their tax returns immediately and should not wait for October 14.
This extension offers relief to taxpayers who may have faced difficulties in meeting the original deadline. It is important for taxpayers to take advantage of this opportunity and ensure timely compliance with their tax obligations.
