FBR receives 2.3 million returns for tax year 2020

FBR receives 2.3 million returns for tax year 2020

ISLAMABAD: Federal Board of Revenue (FBR) has received 2.3 million income tax returns for tax year 2020 by December 31, 2020, according to a statement issued on Friday.

The last date for filing income tax return for salaried, business individuals, AOPs and companies with special financial year, was December 08, 2020 and for corporate return the last date was December 31, 2020.

The FBR received 1.79 million returns by December 08, 2020.

It is worth mentioning that the FBR had not extended the date beyond December 08, 2020 for salaried persons, business individuals, AOPs and companies having special financial year.

The FBR said that after many years the revenue body had not extended the last date for filing income tax returns. The FBR said that by December 31, 2020 it had received 2.3 million returns and payment with returns was at Rs43.5 billion.

The number of returns were 2.173 million by December 31, 2019 and payment of return was Rs28 billion.

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