{"id":58030,"date":"2019-11-27T10:44:42","date_gmt":"2019-11-27T10:44:42","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58030"},"modified":"2020-01-29T12:34:45","modified_gmt":"2020-01-29T12:34:45","slug":"fbrs-tax-returns-submission-deadline-nears","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbrs-tax-returns-submission-deadline-nears.html","title":{"rendered":"FBR&#8217;s tax returns submission deadline nears"},"content":{"rendered":"<p>Karachi: The deadline extension previously communicated by the Federal Board of Revenue (FBR) for filing income tax returns for the fiscal year 2018-19 is set to expire in three days (on November 30), according to a news source. As per the taxation agency, individuals who fail to file their tax returns will face legal consequences.<\/p>\n<p>Previously, the FBR had granted several extensions to the taxpayers in order to facilitate these individuals in their tax payment efforts. The federal institution plans to increase the number of active taxpayers to four million by the year end.<\/p>\n<p>Meanwhile, the Pakistan Tax Bar Association (PTBA) has urged the FBR to provide another <a href=\"https:\/\/www.zameen.com\/news\/fbr-extends-tax-filing-deadline-to-nov-30.html\" target=\"_blank\" rel=\"noopener noreferrer\">extension in the deadline<\/a> in order to assist one million individuals who have yet to file their income tax returns.<\/p>\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-notifies-pkr-330-mn-tax-collection-on-foreign-funds-transfer.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR notifies PKR 330 mn tax collection on foreign funds transfer<\/a><\/p>\n<p>The PTBA recently sent a letter in which it urged the FBR chairman to facilitate the taxpayer and help them stay compliant by extending the deadline up to December 31.<\/p>\n<p>The tax association revealed that 1.6 million returns were electronically filed and the overall number of returns had reached a record 2.65 million mark.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-attempting-to-obtain-financial-transactions-data-banks.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR attempting to obtain financial transactions data from banks<\/a><\/p>\n<p>The initial deadline for filing the tax year 2019 returns was September 30 for salaried persons, businessmen, Association of Persons (AOPs) and companies having special tax year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The deadline extension previously communicated by the Federal Board of Revenue (FBR) for filing income tax returns for the fiscal year 2018-19 is set to expire in three days (on November 30), according to a news source. As per the taxation agency, individuals who fail to file their tax returns will face legal consequences. Previously, the FBR had granted several extensions to the taxpayers in order to facilitate these individuals in their tax payment efforts. The federal institution plans to increase the number of active taxpayers to four million by the year end. Meanwhile, the Pakistan Tax Bar Association (PTBA) has urged the FBR to provide another extension in the deadline in order to assist one million individuals who have yet to file their income tax returns. Read: FBR notifies PKR 330 mn tax collection on foreign funds transfer The PTBA recently sent a letter in which it urged the FBR chairman to facilitate the taxpayer and help them stay compliant by extending the deadline up to December 31. The tax association revealed that 1.6 million returns were electronically filed and the overall number of returns had reached a record 2.65 million mark. Read:\u00a0FBR attempting to obtain financial transactions&hellip;<\/p>\n","protected":false},"author":75,"featured_media":22258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[14135],"persona":[],"class_list":{"0":"post-58030","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-details-on-fbrs-tax-returns-submission-deadline-nears","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR&#039;s tax returns submission deadline nears - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The deadline extension previously communicated by the Federal Board of Revenue (FBR) for filing income tax returns for the fiscal year 2018-19 is\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbrs-tax-returns-submission-deadline-nears.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR&#039;s tax returns submission deadline nears - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The deadline extension previously communicated by the Federal Board of Revenue (FBR) for filing income tax returns for the fiscal year 2018-19 is\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbrs-tax-returns-submission-deadline-nears.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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