Oct 31 new deadline for filing tax returns
The government has extended the deadline for filing income tax returns for the tax year 2024 until October 31, providing an opportunity for those who did not file their returns before October 14. The previous deadline was October 14, but banks in Islamabad and Rawalpindi were closed for three days, causing issues for taxpayers who completed their returns, Federal Board of Revenue Chairman Rashid Mahmood Langrial confirmed to Dawn on Monday. According to the income tax ordinance, the original deadline for submitting tax returns was September 30. As of October 14, the FBR received 4.537 million income tax returns, compared to 2.183m during the same period last year, showing an increase of 107.83 per cent. For the tax year 2023, the FBR received a total of 6.464m returns. To reach last year’s level, it anticipates an additional 1.927m returns.