Tax payment made must for return filing date extension

Tax payment made must for return filing date extension

ISLAMABAD: In order to achieve first quarter target the Federal Board of Revenue (FBR) has directed all the chief commissioners of Inland Revenue to ensure payment of taxes before allowing extension in date for return filing beyond September 30, 2019.

The FBR has required huge amount to achieve quarterly (July – September 2019) revenue collection target of Rs1078 billion and it had managed to collect Rs 562 billion in first two months of current fiscal year.

A circular issued by the FBR on Friday, stated that payment of due taxes should be ensured before allowing extension of income tax returns/statements for the tax year 2019.

All chief commissioners Inland Revenue should ensure that before granting extension in the date of filing Income Tax Return for the tax year 2019 in the cases where last date of filing of Income Tax Returns is September 30, the admitted tax liability is discharged before September 30, 2019.

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