The Federal Board of Revenue (FBR) has set September 30 as the deadline for income tax returns for the financial year 2023-24.
According to FBR, those who fail to submit tax returns may face legal action. In case of default, a 0.1 percent penalty will be imposed on the payable tax amount.
The minimum penalty on individual filers
will be Rs1,000 and Rs50,000 on other categories.
As per the tax collection body, those who travel abroad frequently, maintain bank balances or own a car or property are bound to file tax returns.
1734654707-0/luigi-mangione--(1)1734654707-0-165x106.webp "article")
1734651970-0/super-man-(1)1734651970-0-165x106.webp "article")
1734511806-0/Untitled-design-(5)1734511806-0-270x192.webp "saim ayub breaks brian lara s odi record")
1734587529-0/Express-Tribune-(1)1734587529-0-270x192.webp "pakistan to host another icc event")
1734468458-0/Copy-of-Untitled-(50)1734468458-0-270x192.webp "salman agha shares man of the match award with saim ayub in touching gesture")
1734606611-0/Express-Tribune-(8)1734606611-0-270x192.webp "sindh govt announces public holiday")
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ