{"id":60739,"date":"2020-01-30T11:17:20","date_gmt":"2020-01-30T11:17:20","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=60739"},"modified":"2020-01-30T11:17:21","modified_gmt":"2020-01-30T11:17:21","slug":"fbr-records-40-spike-in-income-tax-return-filings","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-records-40-spike-in-income-tax-return-filings.html","title":{"rendered":"FBR records 40% spike in income tax return filings before deadline expires tomorrow"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has reported a 40% increase in income tax returns filed in the tax year 2018-19, as compared to the number of returns filed in the preceding year \u2014 with the this surge in numbers a result of the approaching January 31 <a href=\"https:\/\/www.zameen.com\/news\/fbr-extends-deadline-to-file-income-tax-returns.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"deadline for filing tax returns (opens in a new tab)\">deadline for filing tax returns<\/a>, according to news sources.<\/p>\n\n\n\n<p>The tax authority had already received 2.285 million tax returns till Wednesday (January 29), against the total 1.635 million returns filed during the last tax year (2017-2018).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-provinces-to-launch-new-portal-for-filing-income-tax-returns.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR, provinces to launch new portal for filing income tax returns (opens in a new tab)\">FBR, provinces to launch new portal for filing income tax returns<\/a><\/p>\n\n\n\n<p>To\ndate, the deadlines for income tax return filings has been extended four times\nalready in order to ensure that the maximum number of taxpayers have the\nopportunity to file their returns.<\/p>\n\n\n\n<p>The\nFBR registered a record number of 2.7 million returns back in the tax year\n2017-18.<\/p>\n\n\n\n<p>FBR,\nunder the World Bank (WB) funded project, seeks to increase the number of\nincome tax return filings to 3.5 million by 2023.<\/p>\n\n\n\n<p>FBR spokesperson Dr Hamid Ateeq Sarwar\u00a0has expressed hope that the number of people filing their returns will increase even further before the deadline expires tomorrow.<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-proposes-amendments-tax-rules-access-defaulters-lockers.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR proposes amendments in tax rules to access defaulters\u2019 lockers (opens in a new tab)\">FBR proposes amendments in tax rules to access defaulters\u2019 lockers<\/a><\/p>\n\n\n\n<p>He\nrevealed that the FBR has received 2.139 returns from salaried and non-salaried\nindividuals, while 59,243 returns were received from the association of persons\n(AoPs). He added that 35,233 of the total 105,407 companies registered with the Security and Exchange Commission of Pakistan (SECP) had also managed\nto file their returns so far. <\/p>\n\n\n\n<p>According to an official\nstatement issued on Wednesday, FBR requires individuals in possession of houses\nspanning over 500+ square metres and 1,000+ cc cars, to file their tax returns.\nAll the commercial and industrial consumers of power and gas are also obligated\nto be on the active taxpayers list.<\/p>\n\n\n\n<p>Meanwhile, the FBR has launched a\nhelpline service that can provide assistance in case of any issues faced by the\npeople looking to file their returns. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has reported a 40% increase in income tax returns filed in the tax year 2018-19, as compared to the number of returns filed in the preceding year \u2014 with the this surge in numbers a result of the approaching January 31 deadline for filing tax returns, according to news sources. The tax authority had already received 2.285 million tax returns till Wednesday (January 29), against the total 1.635 million returns filed during the last tax year (2017-2018). Read: FBR, provinces to launch new portal for filing income tax returns To date, the deadlines for income tax return filings has been extended four times already in order to ensure that the maximum number of taxpayers have the opportunity to file their returns. The FBR registered a record number of 2.7 million returns back in the tax year 2017-18. FBR, under the World Bank (WB) funded project, seeks to increase the number of income tax return filings to 3.5 million by 2023. FBR spokesperson Dr Hamid Ateeq Sarwar\u00a0has expressed hope that the number of people filing their returns will increase even further before the deadline expires tomorrow. Read: FBR proposes amendments in tax rules to&hellip;<\/p>\n","protected":false},"author":75,"featured_media":59990,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15017],"tags":[17087,17088],"persona":[],"class_list":{"0":"post-60739","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-notices-announcements","9":"tag-details-on-fbr-records-40-spike-in-income-tax-return-filings","10":"tag-income-tax-return-deadline","11":"cat-15015-id","12":"cat-15017-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 records 40% spike in income tax return filings - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR has reported a 40% increase in income tax returns filed in the tax year 2018-19, as compared to the number of returns filed in the preceding year.\" \/>\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\/fbr-records-40-spike-in-income-tax-return-filings.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR records 40% spike in income tax return filings - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR has reported a 40% increase in income tax returns filed in the tax year 2018-19, as compared to the number of returns filed in the preceding year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-records-40-spike-in-income-tax-return-filings.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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