ISLAMABAD: The Federal Bureau of Revenue (FBR) is likely to extend the deadline for the submission of tax returns following the meeting of Chief of Army Staff (COAS) General Asim Munir with the business community in Karachi.
Sources within the FBR say that the deadline for filing income tax returns for the year 2023-24 is likely to be extended by 15 days for individuals, associations of persons, businessmen and companies.
The development comes after the tax authority, last week, ruled out any extension by the September 30 deadline.
“Historically, a facility used to be given [to the masses] by extending the overall deadline. However, this time the decision has been made that the date [for submission of tax returns] will not be extended and September 30 will be the last date to file tax returns,” FBR spokesperson Bakhtiar Muhammad had said while speaking to a local TV.
Acknowledging that some filers may find it difficult to submit their returns before the due date, the spokesperson said such people can reach out to their respective tax commissioners and seek an individual extension as provisioned in the law.
