The government on Wednesday extended the date for filing income tax return to January 10 from December 31, 2020, for individual tax payers Tax … The FBR collected an amount of Rs 42 million through RTO-II Lahore and Rs 19.430 million from Multan RTO and Rs 4.422 million through Peshawar RTO. Also, on the FBR’s website, the recently launched tax returns e-form for businesses and salaried individuals will also be uploaded. According to the tax collection authority, the tax return can be submitted via the web or smartphone app interface. Terms and conditions may vary and are subject to change without notice. April 19, 2020 The Federal Board of Revenue ( FBR ) on Saturday extended the last date for payment and submission of sales tax and federal excise return for the tax period of March 2020. The submission of sales tax and FED returns was further extended to April 15, 2020 from March 25, 2020. 04 of 2020 to extend the date of filing of income tax returns for the tax year 2020. FBR has further said that tax collected in the month of February 2020 has also increased by seventeen percent compared to the corresponding period last year. "Due date for all income-tax return for FY 2019-20 will be extended from July 31 2020 and October 31, 2020 to November 30, 2020 and tax audit … Original Message from FBR: Tax Return Date Extended. 2020,” the FBR said in a notification. The FBR has also revealed 509,039 filers have not been included in this year’s ATL as they didn’t file their tax returns within the due date or the extended deadline. “The number of individuals filing the Tax Returns in Tax Year 2019 is 2,342,701, whereas 62,403 Associations of Persons and 40,988 Companies filed their Tax Returns,” said the statement. 24/06/2020 . Updated Sales Tax Act upto 30.6.2020 - FBR . The FBR made it clear that there will be no further extension of the deadline for filing tax returns. Web Desk On Oct 1, 2020 Last updated Oct 1, 2020 ISLAMABAD: The Federal Board of Revenue (FBR) has extended the deadline for filing of income tax returns for the tax year 2020 … Until this period, FBR received only 1.8m returns. Earlier this month, the FBR extended its 2020 tax filing deadline from September 30 to December 8, 2020. FBR issued SRO 1041(I)/2020 for timely issuance of annual income tax return forms in order to facilitate taxpayers and avoid unnecessary delays in return filing process. The FBR has changed the mechanism for availing reduced rate of … FBR extended the due date for filing income tax return up to 08.12.2020. By . Federal Board of Revenue (FBR) has extended the date of payment and submission of sales tax and federal excise return for the tax period of April, 2021. Please update your profile before the deadline in order to avoid penal consequences under the law. 1 continues to describe the conditions as of the date of the Original Filing and, except as expressly contained herein, we have not updated, modified or supplemented the disclosures contained in the Original Filing. Hence, the Federal Board of Revenue (FBR) must be directed to extend the last date for filing income tax returns up to January 31, 2021, which would be … Rationalization of rate of Imported Cotton The local supply of ginned cotton was exempt from payment of sales tax prior to the enactment of the Finance Act, 2019. FBR Foundation ; Virtual One Stop Shop (VOSS) Field Office Websites; State Bank of Pakistan; Securities and Exchange Commission of Pakistan ; Trade Development Authority of Pakistan ; … ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing sales tax and federal excise return for the month of February 2020 up to March 25, 2020. Similarly, the date of submission of sales tax & federal excise return has been extended up to 21st of this month. The late filing of returns after December 8, 2020 (due date) is only one part of the law. According to the details, the Federal Board of Revenue has reminded all taxpayers to submit their annual income tax returns before December 8, 2020. The amount of tax paid with returns for Tax Year-2020 at Rs. ISLAMABAD: The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns for the second consecutive time from October 31 to November 30, an official said. The FBR received 1.8 million returns for to the FBR received 1.8 million returns for 2020. You report the accounts by filing a Report of Foreign Bank and Financial Accounts (FBAR) on FinCEN Form 114. See more ideas about lahore pakistan, tax, income tax return. In this conversation. The FBR said that the income tax return for tax year 2020 had been increased despite the last date not extended beyond December 08, 2020. The FBR issued Circular No. Taxation System in Pakistan | We let you introduce with overall taxation system Pakistan FBAR 2021. FBR extended due date of September 30, 2019 and after many extensions, FBR further extended it upto January 31, 2020. good news dates extended for income tax return 2019 20, new date for itr ay 2019 20 & 2020 21 Furthermore, the date of filing of Return of Total Income/ Statements of final taxation of Companies for the Tax Year 2019, which was due on December 31, 2019, is hereby extended … The same got In-Active due to non filing of return for tax year 2019. Federal Board of Revenue (FBR) extended the last date for filing income tax return up to December 08, 2020. For February, the payment date was further extended till March 31, 2020 from March 15, 2020. Web Desk. On the request of extension. On 30 September 2020, the Federal Board of Revenue (FBR) has declared the extended date for filing income tax returns.. ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday extended the last date for filing income tax return up to December 08, 2020 from September 30, 2020. As per the estimates of Federal Board of Revenue (FBR), there are roughly 300,000 Filers who haven’t filed Tax by Deadline of 8-December-2020 and requested extension. The new dates for filing ITR for FY 2018-19 is September 30th, 2020. In the financial year 2017-18, the number of … Is this date extended to 31-03-2021 if yes kindly Provide Notification/Circular. While referring to a notification previously issued by the FBR to extend the date for payment of sales tax and filing monthly return for the period April 2021 issued on May 06, 2021, the date of payment was extended up to May 18, 2021 followed by filing of sales tax return till May 21, 2021. The FBR has further informed the citizens that every citizen can view such information by clicking on FBR-taxray. 49.6 billion is 60 % more than tax paid with returns for Tax Year-2019 up to 28th February, 2020. The last date for filing income tax return for tax year 2020 is expiring today evening i.e. The FBR issued instructions to all chief commissioners of tax offices regarding proceedings under section 122(5) of Income Tax Ordinance, 2001. 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 also made it clear through the circular the date would not further extend beyond December 08, 2020. For the tax year 2019, FBR had re ceive d 2.9m returns the highest number in FBR`s history. FBR spokesperson Nadeem Hussain on Wednesday announced the launch of a duty-free mobile phone application designed to simplify the entire filing process. ... Tax Practitioner-FBR Pakistan . For those taxpayers whose accounts need to be audited, the Income-Tax Return filing deadline has been extended by two months till January 31, 2021. Make changes to your 2020 tax return online for up to 3 years after it has been filed and accepted by the IRS through 10/31/2023. The last date for filing income tax returns (tax year 2020) has been extended up to December 8, 2020. Federal Board of Revenue (FBR) has extended the date of payment and submission of sales tax and federal excise return for the tax period of April, 2021. The date has been extended from July 31 to September 30, 2020. The date for tax return filing for the year 2020 was December 8, which was not further extended for the filers. The Federal Board of Revenue (FBR) has extended the date of filing Income Tax Returns/Statements for Tax Year 2020 till 8th December 2020. 04 of 2020 to extend the date of filing of income tax returns for the tax year 2020. ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date of payment and submission of sales tax and federal excise return for the tax period of April, 2021. The Federal Board of Revenue (FBR) has announced that the deadline for filing tax returns for 2020-21 will be September 30. FBR’s Income Tax Filing Last Date. Notification No.5 of 2021 : Procedure for exercise of option under sub-section (1) of section 245M and intimation thereof by furnishing and upload of Form No. When you don’t need to lodge an FBT return. So make haste and do it before the last date. The companies who were required to file returns of total income/statements of final taxation for the Tax Year 2020, which were due on September 30, but failed to file their income tax returns/statements, were also allowed to file their return by December 8. Federal Board of Revenue has extended the date for filing the following Return and Statement for the Tax Year 2017 to 30 September 2017 from 31 August 2017 (a) Salaried person return under section 114 and (b) FTR Statement u/s 115. Additional 300,000 taxpayers applied. ISLAMABAD: Pakistani citizens now have another opportunity to file their income tax returns after the last date for tax returns for 2020 was extended by the Federal Board of Revenue (FBR).. The Federal Board of Revenue (FBR) may not extend the last date (December 8) for filing of income tax returns for the tax year 2020, senior tax officials revealed to ProPakistani. Every year, under the law known as the Bank Secrecy Act, you must report certain foreign financial accounts, such as bank accounts, brokerage accounts and mutual funds, to the Treasury Department and keep certain records of those accounts. The last date for filing income tax returns for tax year 2020 was extended since September to facilitate individuals to file their returns. The FBR in an office order intimated about the date for return filing to all the chief commissioners of Inland Revenue. This is mandatory step. FBR Once again extended date of filing return till 15th december 2018 28/11/2018 Lahore Tax Bar Association request FBR to further extend date for filing of return … Go to the official website of FBR e-payments site. Instead you must complete a Fringe benefits tax – notice of non-lodgment (NAT 3094). A notifcation had circulated that said the FBR has extended the date for filing of income tax returns till January 31, 2021. 7. KARACHI: The Federal Board of Revenue (FBR) has notified extension in the date of filing income tax returns and statements for Tax Year 2019 till February 28, 2020. Updated Income Tax Ordinance upto 30.6.2020 - FBR ... PST June 2016 return filing date extended, etc . The FBR said that […] Extension in due date of Filing of Income Tax Return by FBR FBR has extended due date for filing of tax returns by individuals, AOPs and… M. Yusaf Raza — October 1, 2020 The amount of tax paid with returns for Tax Year-2020 clocked in at PKR 49.6 billion, which is 60% more than the amount for Tax Year-2019 up to Feb. 28, 2020. FBR extends date for retail outlet integration up to August 31 - PkRevenue.com ISLAMABAD: Federal Board of Revenue (FBR) on Friday extended date for retailers to integrate their Point of Sale (POS) up to August 31, 2020. Filing of Income Tax Returns Is mandatory for persons with an annual income of Rs. 2(1)/ST & 923(I)2020 – Procedure for obtaining exemption certificate us 152 Income Tax return filing deadline for AY 2019-20 extended to September 30th, 2020. 29-Sep-2020: S.R.O.924(I)/2020 – FATF Non-Financial Businesses and Professions Yahoo / Inbox; 29-Sep-2020: S.R.O. 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 … Extension in due date of Filing of Income Tax Return by FBR FBR has extended due date for filing of tax returns by individuals, AOPs and… M. Yusaf Raza — October 1, 2020 It means FBR received 1.1m returns from taxpayers between December 8, 2020 and April 30, 2021. Therefore, you will file your 2021 FBAR in 2020, to report your 2020 maximum foreign bank and financial account values. ISLAMABAD - The Federal Board of Revenue (FBR) has extended the date of filing of Income Tax Returns/Statements for the tax year 2020 up to December 8. Statutory deadline for furnishing/updating of taxpayers' profile under section 114A of the Income Tax Ordinance, 2001 is 30th June 2021. It is expected that the taxpayers will even increase more. Can't connect right now! Income Tax Return filing date extended till December 8, 2020. Sir Due date of filing of TDS return for F.y. It was not clear whether the FBR will charge late filing … Mar 2, 2021 - Explore Globaltaxconsultants's board "Top Tax Consultants LAHORE Pakistan" on Pinterest. The government in a press conference dated May 13, 2020 announced that the income tax return (ITR) filing deadline for all the entities for the financial year 2019-20 has been extended to November 30, 2020 from the usual deadline of July 31, 2020. In a letter sent to Chairman FBR Asim Ahmed, President KCCI pointed out that the nominal extension in such dates for filing Sales Tax and FED Return will create difficulties for taxpayers as it takes time to get back to routine after observing extended holidays of Eid-ul-Fitr which will be starting from 9th May 2021 to 16th May 2021. 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. To view the original Circular, please click on link mentioned below: Ext of filing Salaried person return FTR St-Cir 3 why not my name in active list of fbr.i py tex 1000/and return fiel, In-Active Note: In case you have not yet filed Income Tax Return-2019, please file now. September 30, 2019, last date of filing of return, statements of final taxation for noncorporate taxpayers for TY 2019. FBR extends the date of payment and submission of Sales Tax & FED Return May 06, 2021 ... FBR launches e-filing of Appeals Jan 02, 2021. The FBR through a circular extended the date up to December 08, 2020. The latest Tweets from Khan Bahadur Wattoo (@drkhan42). In case of late filing of return, the law empowers the FBR to slap a Rs40,000 fine on the person. Previously, the last date of filing income tax return was up to 8th December, 2020. … The FBR may extend the date but you go now and file your income tax returns to be on the safer side. Federal Board of Revenue (FBR) has extended date for filing of Returns/Statements by individuals and Associations of Persons (AOPs) for Tax Year 2017 upto November 30, 2017 and received over 800,000 returns till November 15, 2017. 20/09/2020 سال 2020 کے ٹیکس گوشواراجات اکٹھے کرنے کا عمل شروع ہو چوکا ہے ۔ IT WHT date extended to 22 July . ... Tuesday Dec 08 2020 . Date for submission of Income Tax Returns has been extended 30 November, 2018 ... Last date for submission of Income Tax Return 2018 is 30th September, 2018. Tax Card For Tax Year 2020 All Pak Notifications Tax Paks Years . ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to extend the income tax return filing date, citing errors in FBR’s system and prevalent coronavirus crisis. For those taxpayers whose accounts need to be audited, the Income-Tax Return filing deadline has been extended by two months till January 31, 2021. “The tax amount paid on the tax return for the tax year of Rs 49.6 billion is 60 percent higher than the tax amount paid on the tax return for the tax year 2019 through February 28, 2020,” said FBR. Federal Board of Revenue (FBR) has granted date extension up to December 24, 2020 for filing annual income tax return to those taxpayers who submitted applications under Section 119 of Income Tax Ordinance, 2001. 27/07/2018 . This Amendment No. Income Tax Return filing: The Central Board of Direct Taxes (CBDT) has extended the last date for filing ITR for AY 2019-20 (FY 2018-19). Recently, the Govt. The Federal Board of Revenue (FBR) has made it clear to all taxpayers that the date for filing annual income tax returns will not be extended further, therefore the taxpayers are directed to submit returns before December 8, 2020. Verified account Protected Tweets @; Suggested users retry. The set deadline now is … Through the Finance Act, 2020, a Section 114A was inserted to Income Tax Ordinance, 2001, regarding taxpayer’s profile. FBAR 2021: The FBAR is the Foreign Bank and Financial Account Reporting Form (aka FinCEN 114).The IRS requirements for submitting the FBAR in 2021 are not much different than what was required to be filed in prior years, but there are some recent clarifications to be aware of. EXTENSION IN DATE OF POS INTEGRATION FOR TIER-1 RETAILERS The FBR has, through Circular No C. No. How to lodge your FBT return The companies who were required to file tax Returns of Total Income/Statements of final taxation for the tax Year 2020 which were due on 30 September 2020, but failed to file their Income Tax Returns /Statements, is allowed to file their return by 8 December 2020. 49.6 billion is 60 % more than tax paid with returns for Tax Year-2019 up to 28th February, 2020. FBR extends tax return filing date Deadline to file income tax returns for individuals and companies has been extended to December 31, 2019 Our Correspondent December 16, 2019 18-Mar-2020 : FBR Steps for fight against Spread of Corona Virus 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. of Pakistan announced to extend the date for filing of income tax return for the year 2018 till 31 st March 2019 and it was further extended by the Federal Board of Revenue (FBR) till 30 th April 2019. The last date for filing income tax return was expired on December 08, 2020. FBR extends date for filing tax return up to December 08 - PkRevenue.com ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday extended the last date for filing income tax return up to December 08, 2020 from September 30, 2020. December 8, 2020. FBAR Filing Due Date ... extended to January 31 2018; Who Must File the FBAR? The FBR officials said that around 0.43 million taxpayers had enrolled their names in the ATL 2020 by filing returns and paying surcharge after the issuance of first ATL 2020 on March 01, 2021. It is pertinent to mention here that the Federal Board of Revenue (FBR) further extended the date for filing of tax returns for non-filers from March 15 to March 31 to facilitate traders under VTCS. The FBR has issued an income tax circular 9 of 2017 here on Wednesday regarding date extension in return filing. Meanwhile the last date for filing income tax returns for tax year 2019 was extended up to February 25, 2020. In its letter to all chief commissioners Inland Revenue, FBR has informed about the extension in date of payment of sales tax and Federal Excise Duty up to 18-05-2021 which was earlier set as 15th of this month. 30-Sep-2020: The due date of Filing the Income Tax Returns which was falling due on September 30, 2020 has been extended up to December 08, 2020.
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