FBR warns of strict action, denies extension in income tax filing deadline

The FBR warned that strict action would be taken after issuing notices to non-filers, which may include freezing of bank accounts.

FBR warns of strict action, denies extension in income tax filing deadline. The Federal Board of Revenue (FBR) has clarified that there will be no extension in the last date for submission of income tax returns.

As per the details, FBR officials said that 14 lakhs returns have been filed so far and said that the deadline will not be extended from September 30, 2024.

The FBR also warned that non-fillers may face multiple consequences, including blocking of mobile SIMs and disconnection of electricity and gas meters.

The FBR warned that strict action would be taken after issuing notices to non-filers, which may include freezing of bank accounts.

According to FBR, persons whose annual income is more than Rs. 600,000 is required to file a tax return. Additionally, owners of houses, properties, or vehicles must also file an income tax return.

In addition, the authority announced that crackdowns will be launched against unregistered traders and shopkeepers. Shops found to be in default will be initially sealed for 7 days, with the closure period extended to 20 days for repeat offenders.

Fines ranging from Rs. 50 million for the first offense to Rs. 200 million for subsequent violations will also be imposed.

“The FBR’s strict measures are aimed at increasing tax compliance and broadening the tax base,” said an official. “Taxpayers in Pakistan must submit their returns promptly to avoid penalties and legal action.”

With the deadline fast approaching, the public is urged to fulfill their tax obligations to avoid facing the FBR’s wrath.