{"id":72168,"date":"2020-11-19T16:24:28","date_gmt":"2020-11-19T11:24:28","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=72168"},"modified":"2020-11-19T16:24:33","modified_gmt":"2020-11-19T11:24:33","slug":"fbr-reminds-taxpayers-of-approaching-deadline","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-reminds-taxpayers-of-approaching-deadline.html","title":{"rendered":"FBR reminds taxpayers of approaching deadline"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (<a href=\"https:\/\/www.zameen.com\/news\/fbr-directed-take-measures-expand-tax-net.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR<\/a>) has issued a reminder for all taxpayers to file their income tax returns by December 8; further stating that the communicated deadline will not be extended, according to a news report published on November 18.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-signs-mou-with-nadra-to-exchange-real-time-data.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR signs MoU with NADRA to exchange real-time data<\/a><\/p>\n\n\n\n<p>The official statement released by FBR refers to Section 114 of Income Tax Ordinance 2001 \u2013 under which all people with houses built on over 500 square yards of land or with vehicles of 1,000CC or above are liable to file their income tax returns.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbrs-directorate-operationalised-to-prevent-money-laundering.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR\u2019s directorate operationalised to prevent money laundering<\/a><\/p>\n\n\n\n<p>Moreover, commercial electricity connection owners whose annual bill exceeds PKR 500,000 or people whose annual income exceeds PKR 300,000 are also obligated to file their income tax returns. For salaried people with income over PKR 600,000, filing tax returns is mandatory.<\/p>\n\n\n\n<p>Furthermore, the board has warned of strict legal action against people who fail to file their taxes on time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has issued a reminder for all taxpayers to file their income tax returns by December 8; further stating that the communicated deadline will not be extended, according to a news report published on November 18. Read: FBR signs MoU with NADRA to exchange real-time data The official statement released by FBR refers to Section 114 of Income Tax Ordinance 2001 \u2013 under which all people with houses built on over 500 square yards of land or with vehicles of 1,000CC or above are liable to file their income tax returns. Read: FBR\u2019s directorate operationalised to prevent money laundering Moreover, commercial electricity connection owners whose annual bill exceeds PKR 500,000 or people whose annual income exceeds PKR 300,000 are also obligated to file their income tax returns. For salaried people with income over PKR 600,000, filing tax returns is mandatory. Furthermore, the board has warned of strict legal action against people who fail to file their taxes on time.<\/p>\n","protected":false},"author":75,"featured_media":59990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[43048,19230],"persona":[],"class_list":{"0":"post-72168","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr-reminds-taxpayers-of-approaching-deadline","9":"tag-federal-board-of-revenue-fbr","10":"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 reminds taxpayers of approaching deadline - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR refers to Section 114 of Income Tax Ordinance 2001 \u2013 under which people with houses built on over 500 sq yds are liable to file their income tax returns\" \/>\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-reminds-taxpayers-of-approaching-deadline.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR reminds taxpayers of approaching deadline - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR refers to Section 114 of Income Tax Ordinance 2001 \u2013 under which people with houses built on over 500 sq yds are liable to file their income tax returns\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-reminds-taxpayers-of-approaching-deadline.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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