Salary persons having income above Rs400,000 require to file return for tax year 2019

KARACHI: Persons driving salary income above Rs400,000 are remained liable to file annual income tax returns for tax year 2019. Read more »

Penalties for not filing, late filing income tax return, wealth statement

KARACHI: The tax laws have defined both soft and harsh penalties for persons having taxable income or registered with tax authorities but failed to file their annual returns or file their returns... Read more »

FBR chairman warns non-compliant immovable property, motor vehicle owners of penal action

ISLAMABAD: Syed Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) has warned of taking penal action against non-compliant persons own immovable properties and motor vehicles. Read more »

Income tax return filing date extended to December 16

ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing income tax returns and wealth statements for tax year 2019 up to December 16, 2019, according to a notification... Read more »

FBR may extend return filing date further to facilitate taxpayers

ISLAMABAD: Federal Board of Revenue (FBR) may further extend the last date for filing income tax returns for tax year 2019 beyond November 30, 2019 as large number of filing is still... Read more »

Tax return filing not mandatory for widow, orphan, disabled persons

KARACHI: Filing of income tax return is not mandatory for persons including widow, orphan and disabled persons for sole reasons mentioned in the Income Tax Ordinance, 2001. Read more »

PTBA estimates one million income tax returns shortfall in case no date extension

LAHORE: The apex tax bar of the country on Tuesday said that the shortfall in income tax return filing may exceed above one million in case no further extension in date is... Read more »

Income tax return filing hits new record high of 2.7 million

ISLAMABAD: Measures to increase tax burden on non-compliant persons have resulted into record income tax return filing of 2.7 million for tax year 2018. Read more »

FBR may not extend date for Tax Year 2019 return filing

KARACHI: No further date extension in return filing as taxpayers have six days to file their income tax return for tax year 2019 i.e. by November 30, 2019, sources in Federal Board... Read more »

Procedure to change personal tax details

ISLAMABAD: Federal Board of Revenue (FBR) has issued procedure to facilitate taxpayers in amending their personal details for filing tax returns and making transactions. Read more »

Tax return filing reaches to new record high of 2.68 million

ISLAMABAD: Income tax return filing has reached to another record level of 2.68 million for tax year 2018, according to latest statistics on the basis of returns filed till November 17, 2019. Read more »

Half of registered companies not complying with mandatory return filing

ISLAMABAD: Almost half of the companies registered with Securities and Exchange Commission of Pakistan (SECP) have been found as non-compliant in mandatory income tax return filing. Read more »