Business Desk
Sep 30, 2024
An undated image of the Federal Board of Revenue (FBR) building in Islamabad. — APP
The Federal Board of Revenue (FBR) on Monday refuted claims regarding an extension of income tax returns filing date.
"FBR refutes the news being circulating in the media about extension in the last date for filing of income tax returns for tax year 2024," the FBR spokesperson said in a tweet.
In the recent years, the FBR has adopted the practice to extend the tax return submission deadline. Previously, the FBR extended the deadline to October 31.
According to Geo.tv, citing The News, the FBR has proposed drastic steps to avoid a possible shortfall in tax collection including freezing bank accounts and imposing a ban on the purchase of property and vehicles for tax evaders.
"FBR urges all eligible taxpayers to file their income tax returns before the deadline to avoid punitive actions," the FBR spokesperson added.
The FBR further said that "non-filers" would have to face strict actions, such as freezing of their bank accounts and a ban on the purchase of properties or vehicles with an immediate effect.
Meanwhile, those people evading payment of tax amounts from Rs0.5 million to Rs1 million would face disconnection of electricity and gas connections.
