FBR says ‘no extension’ in tax filing deadline, warns taxpayers of hefty penalties

The penalty for filing an income tax return after the deadline will increase from Rs1,000 to Rs25,000.For an Association of Persons (AOP), the penalty for late filing will rise from Rs10,000 to Rs50,000, while companies will face a penalty of up to Rs100,000, compared with Rs20,000 currently, the sources added.The spokesperson warned that action could be taken against taxpayers who conceal information about their assets or provide incorrect details.

The FBR may also use bank accounts and other available means to recover outstanding tax liabilities.In a separate social media post, the FBR urged taxpayers not to delay filing, warning that remaining a non-filer could result in heavy fines, additional tax burdens, and legal action.The tax authority said its modern data systems continuously receive information about taxpayers' income, assets and financial transactions, and urged taxpayers to provide complete and accurate….

Those requiring assistance can contact the FBR helpline or visit the nearest tax office.The FBR called on taxpayers to fulfil their tax obligations honestly and file their returns by the September 30 deadline to avoid penalties and other legal consequences.The FBR called on taxpayers to file their returns by the deadline in order to avoid penalties and other legal consequences.According to documents, nearly 4.88 million income tax returns have been….

Banks have been directed to keep relevant branches open as long as required for special clearing of government transactions through NIFT.The central bank also directed commercial banks to ensure uninterrupted availability of internet banking, mobile apps, ATMs and other digital payment channels to facilitate taxpayers."The banks shall also ensure uninterrupted availability of their online payment channels i.e. internet banking, mobile applications, ATMs, and other digital platforms to facilitate the online….

FBR says 'no extension' in tax filing deadline, warns taxpayers of hefty penalties Late-filer category to be abolished from Oct 1, penalty to increase to Rs25,000, say sources.