{"id":99908,"date":"2024-10-14T12:11:11","date_gmt":"2024-10-14T07:11:11","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99908"},"modified":"2024-10-15T12:13:24","modified_gmt":"2024-10-15T07:13:24","slug":"fbr-file-income-tax-returns-expire-today","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-file-income-tax-returns-expire-today.html","title":{"rendered":"FBR deadline to file income tax returns 2023-24 expires today"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue&#8217;s (FBR) deadline to file income tax returns for the 2023-24 financial year expires today, with no further extensions granted, as reported on October 14.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-collects-pkr-647-pos.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR directs PKR 309 mn from POS fees to employee welfare<\/a><\/p>\n\n\n\n<p>As per details,Chairman Rashid Mehmood Langrial recently cautioned individuals who have yet to file their returns about the potential consequences of non-compliance. He warned that those who fail to submit their tax returns could face significant restrictions, including being barred from making major transactions such as purchasing property or vehicles and even from operating bank accounts.<\/p>\n\n\n\n<p>Langrial emphasised that October 14 would be the final date for filing tax returns. After this date, the government plans to abolish the category of non-filers, which would impose further restrictions on these individuals, potentially even banning air travel. Last month, the FBR introduced a series of measures aimed at improving tax compliance and broadening the tax base by eliminating the non-filer category. These measures include restrictions on purchasing property, buying vehicles, investing in mutual funds, opening current accounts, and engaging in international travel, except for religious purposes.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-to-unveil-new-valuations-of-property-today.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR to unveil new valuations of property today, massive rise expected<\/a><\/p>\n\n\n\n<p>The government&#8217;s goal is to enhance the audit capacity of the tax machinery and address the issue of under-filing, which has been a significant challenge in Pakistan&#8217;s tax system. By increasing the tax-to-GDP ratio to 15% along with petroleum levies, and enabling provinces to contribute an additional 3% of GDP, the overall tax revenue in the country could potentially reach 18%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue&#8217;s (FBR) deadline to file income tax returns for the 2023-24 financial year expires today, with no further extensions granted, as reported on October 14. Read: FBR directs PKR 309 mn from POS fees to employee welfare As per details,Chairman Rashid Mehmood Langrial recently cautioned individuals who have yet to file their returns about the potential consequences of non-compliance. He warned that those who fail to submit their tax returns could face significant restrictions, including being barred from making major transactions such as purchasing property or vehicles and even from operating bank accounts. Langrial emphasised that October 14 would be the final date for filing tax returns. After this date, the government plans to abolish the category of non-filers, which would impose further restrictions on these individuals, potentially even banning air travel. Last month, the FBR introduced a series of measures aimed at improving tax compliance and broadening the tax base by eliminating the non-filer category. These measures include restrictions on purchasing property, buying vehicles, investing in mutual funds, opening current accounts, and engaging in international travel, except for religious purposes. Read: FBR to unveil new valuations of property today, massive rise expected The government&#8217;s&hellip;<\/p>\n","protected":false},"author":89,"featured_media":99068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[3362,59791,59792,59790,54568],"persona":[],"class_list":{"0":"post-99908","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr","9":"tag-fbr-deadline-to-file-income-tax-reutrns","10":"tag-file-income-tax-returns-2024","11":"tag-tax-and-returns","12":"tag-zameen-news","13":"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 File Income Tax Returns Expire Today - Zameen News<\/title>\n<meta name=\"description\" content=\"Final day to file income tax returns for 2023-24. No further extensions will be granted by the Federal Board of Revenue.\" \/>\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-file-income-tax-returns-expire-today.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR File Income Tax Returns Expire Today - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Final day to file income tax returns for 2023-24. No further extensions will be granted by the Federal Board of Revenue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-file-income-tax-returns-expire-today.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-14T07:11:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-15T07:13:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sabahat Abid\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sabahat Abid\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR File Income Tax Returns Expire Today - Zameen News","description":"Final day to file income tax returns for 2023-24. 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