The Federal Board of Revenue (FBR) has officially extended the deadline for filing income tax returns by two weeks. This extension pushes the new deadline to October 14, 2024. The decision was made during a high-level meeting chaired by FBR Chairman Rashid Mahmood Langrial and comes in response to growing demands from various trade organizations, tax bar associations, and the general public.
The FBR has issued a formal notification confirming the extension, aiming to accommodate taxpayers who had faced difficulties meeting the original deadline. This move is expected to ease the pressure on individuals and businesses who have yet to complete their tax filings, granting them extra time to ensure accuracy and compliance.
The decision to extend the deadline is welcomed by many, particularly amid the concerns expressed by trade bodies and the tax community. The extension will likely help in improving compliance rates and addressing any procedural delays encountered by taxpayers across the country.
Key Details:
- Old deadline: September 30, 2024
- New deadline: October 14, 2024
- The decision follows appeals from trade organizations, tax bar associations, and the general public.
The FBR urges taxpayers to utilize this extended period to file their returns timely and avoid last-minute rushes that could result in errors or penalties.
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