Karachi: The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns for the fiscal year 2018-19 to November 30 – a news source reported. The taxation authority has also warned that the individuals who fail to file their returns by the aforementioned date will have to face legal action.
The FBR has already granted several extensions to the taxpayers so that they may file their tax returns for the FY2018-19. This move is in response to the authority’s bid to extend the tax net to its set target of 4 million filers by the end of this year.
Recently, the board had announced that its recorded number of tax filers had surpassed the 900,000 mark. FBR Chairman Shabbar Zaidi also revealed that the number of tax returns recorded on a daily basis had increased by 127% when compared to figures from last year. He added that the number of tax returns filed during the same period in the previous year were 585,209.
Additionally, reportedly average tax returns filed per day during this year have averaged 18,735. This is in stark contrast to the numbers recorded during the same period last year, which were noted to be a dismal 8,242.
