{"id":89673,"date":"2022-10-28T14:50:00","date_gmt":"2022-10-28T09:50:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=89673"},"modified":"2022-10-28T14:47:42","modified_gmt":"2022-10-28T09:47:42","slug":"fbr-extend-income-tax-filing-deadline","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-extend-income-tax-filing-deadline.html","title":{"rendered":"FBR expected to extend income tax filing deadline"},"content":{"rendered":"\n<p>Lahore: Federal Board of Revenue (FBR) Chief Commissioner of Inland Revenue (Lahore) Nasir Iqbal stated on Thursday (October 27) that the authority is considering extending the deadline for filing income tax returns, a news source reported.&nbsp;<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/tax-fbr-resolve-tax-form-issues.html\" data-type=\"post\" data-id=\"89669\" target=\"_blank\" rel=\"noreferrer noopener\">Tax bodies ask FBR to resolve tax form issues<\/a><\/p>\n\n\n\n<p>During a meeting held at the Lahore Chamber of Commerce and Industry (LCCI), Iqbal also stated that the FBR has established a plan to reduce its direct involvement with the business sector, which includes aiding filers and limiting non-filers usage of untaxed money. This shift in thinking reaped benefits for the government, bringing about 80,000 new filers each year to <a href=\"https:\/\/www.zameen.com\/news\/fbr-high-6000-tax-fy-2021-22.html\" data-type=\"post\" data-id=\"86958\" target=\"_blank\" rel=\"noreferrer noopener\">regional tax offices (RTO)<\/a> in Lahore alone. He said the same policy will be extended further to monitor new income tax filers. He stated that the changes to the IT return form were meant to assist new filers and small business owners.<\/p>\n\n\n\n<p>He further stated that tax filers gain more from property investment since taxes for taxpayers are 2% and adjustable, but the rate for non-taxpayers is 7.5%.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/3-days-fbr-income-tax-returns-sep-30.html\" data-type=\"post\" data-id=\"88958\">3 days left: FBR advises citizens to file income tax returns before October 31<\/a><\/p>\n\n\n\n<p>It is important to mention that FBR has issued a new and simplified return form for small business owners and shopkeepers with annual revenue of less than 10 million.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Federal Board of Revenue (FBR) Chief Commissioner of Inland Revenue (Lahore) Nasir Iqbal stated on Thursday (October 27) that the authority is considering extending the deadline for filing income tax returns, a news source reported.&nbsp; Read: Tax bodies ask FBR to resolve tax form issues During a meeting held at the Lahore Chamber of Commerce and Industry (LCCI), Iqbal also stated that the FBR has established a plan to reduce its direct involvement with the business sector, which includes aiding filers and limiting non-filers usage of untaxed money. This shift in thinking reaped benefits for the government, bringing about 80,000 new filers each year to regional tax offices (RTO) in Lahore alone. He said the same policy will be extended further to monitor new income tax filers. He stated that the changes to the IT return form were meant to assist new filers and small business owners. He further stated that tax filers gain more from property investment since taxes for taxpayers are 2% and adjustable, but the rate for non-taxpayers is 7.5%. Read: 3 days left: FBR advises citizens to file income tax returns before October 31 It is important to mention that FBR has issued a new&hellip;<\/p>\n","protected":false},"author":84,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[54697,54698,50904],"persona":[],"class_list":{"0":"post-89673","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-fbr-expected-to-extend-income-tax-filing-deadline","9":"tag-fbr-iris","10":"tag-fbr-news","11":"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 expected to extend income tax filing deadline - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: Federal Board of Revenue (FBR) Chief Commissioner of Inland Revenue (Lahore) Nasir Iqbal stated on Thursday (October 27) that the authority 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\/fbr-extend-income-tax-filing-deadline.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR expected to extend income tax filing deadline - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: Federal Board of Revenue (FBR) Chief Commissioner of Inland Revenue (Lahore) Nasir Iqbal stated on Thursday (October 27) that the authority is\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-extend-income-tax-filing-deadline.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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