ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for availing audit scheme by one month to February 28, 2019.
The FBR on Friday issued Income Tax Circular No. 01 / 2019 to extend the date of filing of revised return specified in Clause (iii) of Section 214E to February 28, 2019.
A day earlier Pakistan Tax Bar Association (PTBA) asked FBR to extend the last date up to March 31 for availing audit scheme under Section 214E of Income Tax Ordinance, 2001.
In a letter to FBR chairman, PTBA demanded the extension in last date up to March 31, 2019 as it was expiring on January 31.
PTBA thanked the FBR chairman for accepting the request of the bar for expeditious disposal of huge number of cases automatically selected under Section 214D of the Income Tax Ordinance, 2001 by introducing amendment through insertion of new Section 214E in the Finance Supplementary (Amendment) Act, 2018 on September 18, 2018 and extended date for filing of returns up to January 31, 2019.
The PTBA also appreciated the government’s decision to waive the penalty for such persons who have filed return on income under the head of salary with or without profit on debt or individual income.
The PTBA said that many taxpayers had shown their intention to avail this facility following the sessions organized by the member tax bars.