FBR Further Extended Deadline for Submission of Tax Return 2019 Up to 16th December 2019
November 29, 2019
The FBR has stated the date of further extension till December 16, 2019 in the Annual Income Tax Return 2019 submission date.
FBR has extended the deadline for filing the annual income tax filing, which was already extended by FBR by November 30, 2019. The date was expected to be extended as the FBR has not yet met its revenue targets nor expected taxpayers.
If this date is not extended further on December 16, 2019 then late filers @ individuals will be fined Rs. 1,000, Rs. 10,000 for partnership business and Rs. 20,000 for companies. ۔
According to the current data and data available from the FBR, it is unfortunate that the FBR has not yet achieved its revenue targets and is far below the level of revenue compared to previous years.
The FBR is currently focusing on increasing the number of taxpayers rather than what revenue they are generating from taxpayers during the current tax year. Whatever is to be considered and not only to increase the number of taxpayers, the level of income has to be raised.