What is the deadline for filing income tax returns in Pakistan?

In Pakistan, the deadline for filing income tax returns varies depending on the type of taxpayer and their tax year. Here are the important deadlines to keep in mind:

For Individuals: The tax year for individuals in Pakistan runs from July 1st to June 30th of the following year. The deadline for filing income tax returns for individuals is September 30th. However, an extension of two months can be granted by the Federal Board of Revenue (FBR) upon request.

For Companies: The tax year for companies in Pakistan runs from July 1st to June 30th of the following year. The deadline for filing income tax returns for companies is December 31st of the following tax year. However, an extension of one month can be granted by the FBR upon request.

For Associations of Persons (AOPs): The tax year for AOPs in Pakistan runs from July 1st to June 30th of the following year. The deadline for filing income tax returns for AOPs is September 30th of the following tax year. However, an extension of two months can be granted by the FBR upon request.

It is important to note that if the taxpayer fails to file their income tax return by the deadline, they may be subject to penalties and late fees. In addition, filing income tax returns in a timely manner can help taxpayers avoid any legal issues and ensure compliance with tax laws.

In conclusion, the deadline for filing income tax returns in Pakistan varies depending on the type of taxpayer and their tax year. It is important for taxpayers to be aware of these deadlines and file their income tax returns in a timely manner to avoid any legal issues and ensure compliance with tax laws.