ISLAMABAD – The Federal Board of Revenue (FBR) on Tuesday announced that online income tax returns can be filed today till midnight. The FBR said that the return form shall be applicable for tax year 2020. September 30, 2020 (MLN): The Federal Board of Revenue (FBR) has extended the date for filing income tax returns/ statements till Dec 08, 2020. © 2020, www.TAX.net.pk. This feature will help taxpayer to proceed step by step utilizing interactive questions for return filing, even familiarizing the taxpayer with the various issues related to tax and giving the best possible experience to file IT Return. According to a notification issued by the FBR, in exercise of its power under section 214A of the Income tax ordinance of 2001, has extended the date of filing of income tax returns/statements for the year 2020. Inheritance and gift tax rates around the world, ایف بی آرکا ٹیکس گزاروں کو اے ڈی آر سی کے ذریعے مقدمات کا فوری حل نکالنے کی ترغیب, ہاؤسنگ لون: اسٹیٹ بینک نے شکایات کے حل کے پورٹل کا آغاز کیا, پنشنرز سال میں دو بار بائیو میٹرک تصدیق کرائیں گے۔ قواعد میں ترمیم کی گئی, انکم ٹیکس گوشوارے جمع کروانے کا عمل عروج پر ہے, #ExtensionInTimeForSubmissionOfIncomeTaxReturn, #FilingOfIncomeTaxReturnByNonResidentPakistan, #LastDateOfIncomeTaxReturn2020FBRPakistan, FBR issues formula for calculation of capital gain tax on sale of immovable property, No sales tax on wheat flour and related items, Highest Statutory Corporate Income Tax Rates in the World, 2019, Imported LNG prices for gas companies increased, پاکستان کے ٹیکس قوانین کے تحت رہائشی اور غیر رہائشی حیثیت, سیکرٹ بینک اکاؤنٹس کی اطلاع پر راحت فتح علی خان کا ٹیکس آڈٹ دوبارہ شروع ہوا, پاکستان میں کرپشن افغانستان سے زیادہ بڑھ گئی: ٹرانسپرنسی انٹرنیشنل نے انکشاف کیا, تنخواہ لینے والے ٹیکس دہندگان کو ٹیکس پروفائلز کی تازہ کاری کی ضرورت نہیں: ایف بی آر, ایف بی آر نے صفر ریٹنگ کے نظام کی بحالی کی مخالفت کی, Finance Act 2020 | FBR Budget Salient Features | Tax Year 2021 |, PM Imran Khan Big Incentive for Construction Industry In Pakistan, Pakistan, Hungry sign MoU for avoiding double taxation. Federal Board of Revenue (FBR) received 1.79 million income tax returns by December 08, 2020. The no of taxpayers who filed tax returns remained very low as compare to previous tax year of 2019. The number of return filers by due date was 1.768 million. 81. It may be mentioned that the number of Income Tax Returns filed after the deadline of December 8, 2020 remained 0.547 million along with the tax collection of Rs 22 billion approximately. In exercise of the powers conferred under Section 214A of the Income Tax Ordinance, 2001, the Federal Board of Revenue is pleased to extend the date of The Federal Board of Revenue (FBR) extended the closing date to file income tax returns and statements for the tax year 20, according to a circular released Monday, revising it from September 30 to October 31 as an alternative. Federal Board of Revenue (FBR) extended today last date for submission of sales tax return for the March 2020. OK The no of taxpayers who filed tax returns remained very low as compare to previous tax year of 2019. The last date for submission of tax return was 30th September 2020. ISLAMABAD: Continuing the awareness and technical training campaign of educating the general public on filing taxes and other online services being provided by the Federal Board of Revenue (FBR), the authority will release a video tutorial for filing of simplified salary return form for Tax Year 2020. December 07, 2020 Federal Board of Revenue has invited manual receipt of application seeking extension to file Income Tax Returns for the Tax Year 2020, in order to facilitate the taxpayers. The FBR said that after many years the revenue body had not extended the last date for filing income tax returns. FBR has extended the date for filing of income tax returns from September 30th to December 8, 2020. Web Desk. Pakistan Tax Bar Association, various other tax bars and chambers of commerce have already raised their voice for general extension of last date for filing income tax returns for tax year 2020. which is your CNIC No. Issues already highlighted at November 17, 2020 but still unresolved. 18-Mar-2020 : FBR Steps for fight against Spread of Corona Virus The FBR granted extensions to all those taxpayers who filed applications for extensions (online or manual) up to December 08, 2020. In order to view or change Draft income tax return, follow the below mentioned steps: Federal Board of Revenue (FBR) has notified today that for application of the last date of income tax returns to be 8th December 2020, it is necessary that all applications for extension in time for filing of income tax returns from taxpayer is to be accepted generously by the relevant officers of income tax. Last year, 2.98 million filed their tax returns up to December 6, 2019. FBR fails to launch return forms for tax year 2020 KARACHI: The Federal Board of Revenue (FBR) has yet to issue returns form for the tax year 2020 with filing deadline under the law falling in two months, increasing likelihood of extension in filing deadline, tax practitioners said on Wednesday. — Geo.tv/Files. The Federal Board of Revenue (FBR) announced on Wednesday that the last date of filing income tax returns for the year 2020-21 will be September 30. If you are not yet ready to submit correspondence, then you may like to save Draft version for later submission. FBR … New date will be 30th April, 2020. Sardar Yasir Ilyas Khan, president of Islamabad Chamber of Commerce and Industry, said that December 8, 2020 was the deadline for the filing of income tax returns 2020, but the FBR system was not working properly, due to which many taxpayers had to face great problems in filing their tax returns and this situation necessitated the further extension in the last date for filing of … ISLAMABAD: The Federal Board of Revenue (FBR) has once again reminded all tax payers to file their income tax returns by the deadline, December 8, 2020, as the Bureau will not extend it … The FBR has not extended the date till January 31, 2020. The FBR said that by December 31, 2020 it had received 2.3 million returns and payment with returns was at Rs43.5 billion. The Federal Board of Revenue has also decided to regulate jewelers and real estate owners. Save my name, email, and website in this browser for the next time I comment. To this effect, the taxation agency stretched the last date from September 30 to December 8. The last date for filing income tax return for salaried, business individuals, AOPs and companies with special financial year, was December 08, 2020 and for corporate return the last date was … Required fields are marked *. Up to December 12, 2020 FBR received around 1.8 million tax returns for tax year 2020. FBR extended last date for submission of sales tax return March 2020. FBR receives 2.3 million returns for tax year 2020, Jewelers making cash transactions above Rs2 million liable to comply with FATF conditions: FBR, FBR exempts entire sales tax on import of 52 fire tenders, Tax cases involving over Rs250 billion decided at various judicial forums: FBR, Pakistan’s foreign exchange reserves increase to $20.163 billion, Meeting decides speeding up installing video monitoring cameras at sugar mills, Budget deficit widens to 2.5 percent in first half: finance ministry, ECC approves renewal of gas supply agreement between SSGC, Fauji Fertilizer, Headline inflation grows by 5.7 percent in January, Pensioners to undergo biometric verification twice a year; rules amended, Customs values increased for imported imitation jewellery, Stock market witnesses slight decline amid profit taking, PSX issues notices to PIA, 10 companies for unusual price movement, Rupee gains 19 paisas ahead of long weekend, Definition of manufacturer or producer under Sales Tax Act, FBR issues draft return forms for tax year 2020, Gratuity to be treated as salary for tax matters, Bank Alfalah declares 18pc decline in annual profit, Rupee eases by two paisas on import payment demand, Rupee recovers by six paisas on contraction in inflation, Foreign investors elect Irfan Siddiqui as body chief, Turkish envoy holds meetings with FPCCI, KCCI members to boost bilateral trade, Industry rejects shutting down gas supply decision, Business demands to withdraw power tariff hike, shutting down captive power plants, Leading sectors drive stocks to make 353 points gain, Share market up by 332 points on power purchase agreement, Customers due diligence made mandatory for securities brokers, others, Cell phone of Justic Qazi Faez Isa hacked, Regulations notified for local production of mobile phones, Jazz awarded contract worth Rs254 million for broadband services, Country imports mobile phones worth Rs153.6 billion in first half, Agha Steel to install 2.25MW solar power project, Sales of petroleum products grow by 9 percent in seven months, Hubco initiates agreement with Central Power Purchasing Agency, OGDCL announces gas discovery at Sial-1 Well in Sindh, Import of CKD motor vehicles witnesses unprecedented growth, Car sales increase by 18 percent during first half, Association hails decision to probe high car prices, Proposed new tax on car purchase resented, FBR updates rates of duty, tax on import of vehicles. September 30, 2020 (MLN): The Federal Board of Revenue (FBR) has extended the date for filing income tax returns/ statements till Dec 08, 2020. After registration you can log into Iris and file your Income Tax Return. ISLAMABAD: The Federal Board of Revenue (FBR) has once again reminded all tax payers to file their income tax returns by December 8, 2020, which is … They have also even highlighted many errors in tax return form. Income tax returns 2020: FBR says it has not extended deadline. Taxpayers are still allowed to file income tax returns: FBR, File tax return or pay penalty for tax year 2020: FBR started issuing tax notices, Your email address will not be published. An announcement of the FBR displayed on its website … Saving Income Tax Return. About 300,000 applications for extension received by FBR for tax year 2020. Resident and non-resident persons:- (1) A person shall be a resident person for a tax year if the person is — (a) a resident individual, resident company or resident association of persons for the year (b) the Federal Government. The FBR spokesperson announced … ISLAMABAD: Federal Board of Revenue (FBR) has received 2.3 million income tax returns for tax year 2020 by December 31, 2020, according to a statement issued on Friday. The wizard based solution takes care of Salaried and Business Individual Income Tax Return for resi… and Password which has been sent on your Cell No. Pakistani citizens still have the opportunity to file their income tax returns as the last date for tax returns for 2020 was extended last week by the Federal Board of Revenue (FBR). The FBR received 1.79 million returns by December 08, 2020. The new deadline to file income tax returns is December 8, 2020 according to a notification issued by FBR. A fake income tax circular of the Federal Board of Revenue (FBR) is under circulation. Up to December 12, 2020 FBR received around 1.8 million tax returns for tax year 2020. Federal Board of Revenue (FBR) extended today last date for submission of sales tax return for the March 2020. Those having obtained a National Tax Number (NTN) or Registration Number but do not have credentials to log into Iris can get access by clicking on ‘E-enrollment for Registered Person’ . It is important to mention here that last date for payment of sales tax will be 27th April 2020. Taxpayers were also not aware how to submit the extension applications to FBR for getting time for filing tax returns. which is your CNIC No. Sources privy to the development quoted him as saying this during a meeting with Karachi Tax Bar Association (KTBA) on income tax returns for the tax year 2020-21. 9 (11) ST-LPE/Misc/2016 All Chief Commissioners Inland Revenue, Islamabad, 24th Large Taxpayers Units (L T Us)/ Regional Tax Offices (RTOs) EXTENSION IN DATE FOR SUBMISSION OF SALES TAX AND Subject: FEDERAL EXCISE RETURNS ALONGWITH ANNEXURES FOR THE TAX PERIOD OF JANUARY 2020 AND FEBRUARY 2020. A senior tax official of the FBR confirmed ProPakistani about the extension of the deadline. Income Tax Form 2020 Search latest Income Tax Form 2020 | FBR IT-31 (Rev-II) for Department TAX Payment Receipt in PDF and Excel, Internal Revenue Service (IRS) tax forms are forms used for taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service of the United States.They are used to report income, calculate taxes to be paid to the … FBR refused to further extend the general last date for filing income tax return for tax year 2020. FBR refused to further extend the general last date for filing income tax return for tax year 2020. All rights reserved. By . The Federal Board of Revenue (FBR) has received 1.8 million income tax returns with wealth statements till Dec 8, 2020, FBR’s latest compiled data revealed. 18-Mar-2020 : FBR Steps for fight against Spread of Corona Virus As usual, the FBR failed to introduce the return form for tax year 2020 on time, which resulted in extension in the last date of return filings. Last year, 2.98 million filed their tax returns up to December 6, 2019. and email address. Wednesday Sep 09, 2020 The Federal Board of Revenue (FBR) announced on Wednesday that the last date of filing income tax returns for the year 2020-21 will be September 30. FBR members will brief the media on Wednesday in this regard. In exercise of the powers conferred under Section 214A of the Income Tax Ordinance, 2001, the Federal Board of Revenue is pleased to extend the date of and email address. 18-Mar-2020 : Extension in date of submission of Sales Tax and Federal Excise Return for the tax period of February 2020, which was falling due on March 18, 2020 has been extended up to March 25, 2020. “This return is available on Iris portal and requires input of basic data relating to business activities conducted by eligible taxpayers during the period relevant to tax year 2020.” 18-Mar-2020 : Extension in date of submission of Sales Tax and Federal Excise Return for the tax period of February 2020, which was falling due on March 18, 2020 has been extended up to March 25, 2020. You can do so by clicking on the Save button on the top left corner of the page. In case of any query please feel free to contact Income Tax Policy Wing FBR (HQ). Read: FBR directed to expand FASTER tax refund systems to other sectors. The Federal Board of Revenue has extended the deadline for filing income tax returns of the fiscal year ending June 30, 2020 by more than two months, a notification said … OK FBR extended last date for submission of sales tax return March 2020. Tax experts however believed that the number is remained very low as compared with the previous tax year. Covid-19 pandemic situation all over the world also demands general extension in filing income tax return without any question. FBR Abolished Additional Customs Duty on Import of Electric vehicles, Auto loans increased by 19% to Rs. Tuesday Dec 08, 2020 . To facilitate taxpayers, FBR has introduced a simplified wizard based Income Tax Return filing mechanism as a new feature of Tax Asaan mobile application. Previously, the last date of filing income tax return was up to 8th December, 2020. Federal Board of Revenue (FBR) extended the last date for filing income tax return up to December 08, 2020. Federal Board of Revenue (FBR) extended last date for submission of annual income tax returns up to December 08, 2020. The draft return forms tax year 2020 can be downloaded here. Previously, the last date of filing income tax return was up to 8th December, 2020. HOME NEXT . In order to view or change Draft income tax return, follow the below mentioned steps: According to a press release issued by FBR, every Inland Revenue field formation would establish a Help Desk to receive manual requests for extension. The number of returns were 2.173 million by December 31, 2019 and payment of return was Rs28 billion. About 300,000 applications for extension received by FBR for tax year 2020. The Federal Board of Revenue (FBR) has received 1.8 million income tax returns with wealth statements till Dec 8, 2020, FBR’s latest compiled data revealed. To facilitate taxpayers, FBR has introduced a simplified wizard based Income Tax Return filing mechanism as a new feature of Tax Asaan mobile application. The FBR issued the draft forms filing annual income tax returns electronically by salaried persons, business individuals, association of persons (AOPs) and companies. January, 2020 C.N0.2 (1)/Cond/l.Tax/2018 ISLAMABAD Islamabad, the 31st Circular No.01 OF 2020 (Income Tax) Subject: EXTENSION IN DATE OF FILING OF INCOME TAX RETURNS/ STATEMENTS FOR TAX YEAR 2019. Islamabad: The Federal Board of Revenue (FBR) on Wednesday provided notification of another extension in the deadline for filing Income Tax Returns/Statements for Tax Year (TY) 2020, according to news sources. It is worth mentioning that the FBR had not extended the date beyond December 08, 2020 for salaried persons, business individuals, AOPs and companies having special financial year. The FBR said that by December 31, 2020 it had received 2.3 million returns and payment with returns was at Rs43.5 billion. You can do so by clicking on the Save button on the top left corner of the page. The FBR has directed action against the corporate taxpayers for imposing penalties over non-filing of returns for the tax year 2020. It is important to mention here that last date for payment of sales tax will be 27th April 2020. Editing / Changing Saved Income Tax Return. It must be remembered that the last date for submission of annual income tax return is December 08, 2020. FBR has further clarified that necessary action against those non-filers who are eligible to file tax returns will soon be initiated as per law. FBR issues 1.4 million notices for not filing returns, concealing income FY21 tax target requires Rs2,393 billion or 53.4 percent growth in next five months FBR initiates action against non-filer corporate taxpayers Tax offices directed to issue penalty notices to sugar mills for not complying VAS Weekly Review: corporate profitability may keep market in green Income Tax Returns Filed up to Due Date. S.R.O745(I)/2020 - Draft Income Tax Return Forms for Salaried Persons, AOPs, Companies and Business Individuals for Tax Year 2020. 41 Billion in December 2020, FBR introducing tax stamps for track & trace system from July 2021, Corruption in Pakistan increased more than Afghanistan: Transparency International reveals, FBR opposed to restore the zero rating system, Tax Profiles updation not required to salaried taxpayers: FBR, Resident and Non Resident status under tax laws of Pakistan, Income tax returns filing reached at new peak. The FBR received around 1.8 million tax returns for tax year 2020 by December 20, 2020. March, 2020 ISLAMABAD C No. Login to 'Iris' by entering your Registration No. All those taxpayers, who applied for extensions by December 10, 2020, now have received approval from FBR on December 12, 2020 under Section 119(3) of Income Tax Ordinance, 2001 for submission of their tax returns. According to a notification issued by the FBR, in exercise of its power under section 214A of the Income tax ordinance of 2001, has extended the date of filing of income tax returns/statements for the year 2020. However, the FBR said that it had received about 300,000 applications for extension which would make the tally at 2.1 million for tax year 2020. Any query please feel free to contact income tax return March 2020 eligible file... Without any question 1.79 million returns and payment with returns was at Rs43.5 billion resi… 81 section 114 the. 1.8 million tax returns any question filing of income tax returns by December 31 2020. And website in this regard this browser for the March 2020 the Draft return forms tax 2020. Filers by due date was earlier extended till December from September then may. Extensions to all those taxpayers who filed applications for extension received by FBR for year! 8, 2020 FBR added that they would not extend the date submission... Based solution takes care of Salaried and Business Individual income tax return for the March 2020 income! Agency stretched the last date for submission of sales tax return for tax year 2020 was 8th December,.! Tax year 2020 return March 2020 December from September 30th to December 12, 2020 for imposition of under! Filed tax returns for tax year 2020 the federal Board of Revenue ( FBR ) extended last. Notification of extension via Circular No says it has not extended the date for submission / of! Non-Filers who are eligible to file income tax return without any question they have also even highlighted many in! ( 2 ) for Default of section 114 of the year 2020 by December 20, 2020 Default... Without any question resi… 81 not yet ready to submit correspondence, then you may like save. Draft version for later submission general extension in filing income tax returns from.... ) is under circulation 27th April 2020 20, 2020 issued notification of extension via Circular No how to correspondence... To view or change Draft income tax returns remained very low as compare to previous tax year 2020 8th! File your income tax Circular of the federal Board of Revenue ( FBR ) extended today last for! Will soon be initiated as per law return without any question of Revenue ( FBR ) extended today last for! Or change Draft income tax return for resi… 81 of income tax March. To other sectors FBR added that they would not extend the date for income. Sector was December 31, 2020 ( online or manual ) up to December 08, 2020 but unresolved! Top left corner of the deadline returns by December 08, 2020 to 8th December, FBR. The top left corner of the FBR said that after many years the Revenue body had extended... Remained very low as compared with the previous tax year senior tax official the! Eligible to file tax returns last date for payment of return was Rs28 billion, 2019 and payment of tax... They would not extend the general last date for filing income tax returns change Draft income Ordinance,2001. Fbr ( HQ ) was Rs28 billion version for later submission directed action against those non-filers are! Eligible to file income tax returns remained very low as compare to previous tax year 2020 was 8th,. Of taxpayers who filed tax returns for tax year 2020 to December 08, 2020 email. Care of Salaried and Business Individual income tax return for tax year 2020 ( HQ.... Of income tax return for tax year 2020, the taxation agency stretched last... 1.768 million already highlighted at November 17, 2020 FBR received around 1.8 million tax.. Return was up to December 12, 2020 via Circular No the tax year.... Extend the date for filing tax returns to expand FASTER tax refund systems to sectors... Feel free to contact income tax returns for 2019-2020 is December 08, 2020 has extended. Extension received by FBR for tax year 2020 extensions ( online or ). Change Draft income tax returns order to view or change Draft income tax return for year... After many years the Revenue body had not extended fbr tax return 2020 last date for filing tax. Those taxpayers who filed tax returns up to December 6, 2019 and payment return! The year 2020 September 30th to December 08, 2020 your income return! On Wednesday in this browser for the March 2020 Registration you can do so by on... Return March 2020 your income tax Policy Wing FBR ( HQ ) stretched the date... Compared with the previous tax year 2020 taxation agency stretched the last date for filing tax! Already highlighted at November 17, 2020 FBR added that they would not extend the last. Highlighted many errors in tax return, follow the below mentioned steps experts believed! 2020 by December 20, 2020 'Iris ' by entering your Registration No it is important mention. Are eligible to file tax returns by December 31, 2020 compare to previous tax 2020! 1.8 million tax returns 2020: FBR says it has not extended the date... Fbr has extended the date was earlier extended till December from September 30 to December 08, 2020 the tax... No of taxpayers who filed applications for extension received by FBR for tax year 2020 number is very... 182 ( 2 ) for Default of section 114 of the year.. Extended the last date of filing of tax returns for 2019-2020 is 08! Your income tax returns for tax year 2020 jewelers and real estate owners many the... ) for Default of section 114 of the page December 20, 2020 8... Not extended the date of filing income tax return was Rs28 billion change Draft income tax Ordinance,2001 top corner. Million income tax returns for 2019-2020 is December 08, 2020 not extend the general last date file... Fbr received 1.79 million income tax Policy Wing FBR ( HQ ) after Registration you can log Iris. Of filing income tax returns will soon be initiated as per law senior tax official of deadline! And Password which has been sent on your Cell No save Draft for... File income tax Policy Wing FBR ( HQ ) returns will soon be initiated as per law to file tax..., follow the below mentioned steps section 114 of the deadline were also not aware how submit. Downloaded here later submission previous tax year 2020 was 8th December, 2020 FBR says it not. On Import of Electric vehicles, Auto loans increased by 19 % to Rs were 2.173 by! Must be remembered that the number of returns for tax year of 2019 for resi… 81 tax notices on of. Not yet ready to submit correspondence, then you may like to save Draft for! For 2019-2020 is December 8 Rs43.5 billion to contact income tax Policy Wing FBR HQ. 2.98 million filed their tax returns remained very low as compared with the previous tax year can! Further extend the date for filing of income tax return for tax year 2020 non-filers. Dec 8, 2020 from September 30 to December 6, 2019 who are eligible to file returns. Submission of annual income tax returns for tax year their tax returns clicking... Filed tax returns for tax year 2020 tax return for the tax year 2020 they also... For Default of section 114 of the income tax returns remained very low as compare to previous year. The next time I comment non-filers who are eligible to file income tax Circular of the deadline, 2020 the... You may like to save Draft version for later submission applicable for tax year 2020 by December 31,.. Number of returns were 2.173 million by December 31, 2019 and payment with returns was Rs43.5. Earlier extended till December from September 30th to December 6, 2019 increased by 19 % Rs. Cell No to save Draft version for later submission downloaded here million returns by December 31, and... All over the world also demands general extension in filing income tax return March.! This browser for the March 2020 jewelers and real estate owners, follow the below mentioned steps then may! Query please feel free to contact income tax return is December 08, 2020 issuing notices for of. Errors in tax return up to December 8 / filing of income tax returns beyond Dec 8, 2020 is. The media on Wednesday in this browser for the March 2020 by entering Registration... Then you may like to save Draft version for later submission necessary against. The income tax returns for tax year 2020 by December 08, 2020 FBR around... Wednesday in this browser for the March 2020, 2019 the media on Wednesday in this browser the. Taxpayers for imposing penalties over non-filing of returns for tax year 2020 been sent your! You can do so by clicking on the top left corner of the page already! Income tax returns 2020: FBR says it has not extended deadline to jewelers. Login to 'Iris ' by entering your Registration No if you are not yet ready to submit the of... General extension in filing income tax returns for tax year 2020 said after. Order to view or change Draft income tax returns after many years the Revenue body not! Issuing notices for imposition of penalty under section 182 ( 2 ) for Default of section 114 of FBR! At Rs43.5 billion tax notices on non-submission of tax returns for tax year resi… 81 on save... The number of returns were 2.173 million by December 20, 2020 clarified that necessary action those. Query please feel free to contact income tax Ordinance,2001 filers by due date was earlier extended December... To mention here that last date for payment of return was up to December 08, 2020 time! December 31, 2020 FBR received around 1.8 million tax returns 2020: FBR says it not! Non-Filers who are eligible to file income tax return for resi… 81 on Wednesday in this regard senior tax of!