The FBR has rejected a second extension of the deadline, which is due today (October 31), after two extensions were granted.
Over 5.01 million returns have been filed thus far, and the tax returns process has generated over Rs125 billion in revenue, according to FBR officials.
Taxpayers have been instructed by the tax authority to submit their returns by midnight tonight. Identification of non-filers or late filers will begin on November 1.
When late filers buy a car or a piece of real estate, they will pay double taxes.
Officials stressed the need for people making Rs 50,000 a month to file income tax reports. Those who don’t comply will be labeled late or non-filers.
According to the body officials, non-filers may have their gas and electricity supplies cut off, have their international travel restrictions revoked, and have their SIM cards on their phones disabled.
The Federal Board of Revenue (FBR) extended the final day for filing income tax returns to October 31 on October 14.
The decision takes bank holidays into account and was made in response to demands from tax bar groups and trade organizations.
The Income Tax Ordinance 2001’s Section 214A extended the deadline, giving taxpayers more time to submit their forms.
A number of trade associations and tax bar associations had previously asked FBR to extend the deadline for filing income tax returns for the fiscal year 2024 from September 30 to October 14.
