FBR likely to extend deadline for filing income tax returns

ISLAMABAD: Federal Board of Revenue (FBR) has set September 30(today) as last and final day for submission of income tax returns while government has not yet announced an extension.

It is the last day for submission of income tax returns, the business community is demanding an extension of the date, but no decision has been taken by the government to extend the date.

FBR has started considering extending the date of submission of income tax returns.

Sources say that it will be recommended to extend the date of the Prime Minister’s return to the country, there is a lot of load on the system during the submission of returns.

So far, 29 million returns have been collected till September 28. 1.4 million returns were submitted till this date last year.

Earlier, Finance Minister Muhammad Aurangzeb said that this year the number of filers has reached to 3.2 million, last year there were 300,000 new filers, while this year it has increased to 723,000.

He said that non-filers will not be able to buy vehicles, property and there will be a decision regarding the under-filers.

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FBR to recruit 4,000 auditors for audit of traders

ISLAMABAD: The Federal Board of Revenue (FBR) has announced the recruitment of...

Earlier,  The Federal Board of Revenue (FBR) has announced the recruitment of 4,000 auditors while deciding to conduct a strict audit of the traders.

Last month, the negotiations between the traders and the FBR failed. The FBR has decided to conduct a strict audit of the traders and has announced the recruitment of 4,000 auditors.

In view of this situation, FBR has decided to take strict measures to ensure tax enforcement and against tax evasion.