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What is the Latest News about the Extension in the Last Date for Filing Tax Return 2022

What is the Latest News about the Extension in the Last Date for Filing Tax Return 2022

What is the Latest News about the Extension on the Last Date for Filing Tax returns in 2022? Income Tax Return Filing Date Expires on September 30, 2022. We are a few days away from the deadline for filing our income tax returns (ITRs) for the financial year 2021-22 (FY22).

The last date for filing income tax returns for different taxpayers:

Type of TaxpayerLast Date to File Income Tax Returns
Individual / Sole ProprietorOn or before 30th September
Association of Person (AOP) / PartnershipOn or before 30th September
Salaried TaxpayerOn or before 30th September
Company / Corporate SectorOn or before 31st December
Company having a special tax yearOn or before 30th September

Dear taxpayer, please file your income tax return for FY-2022 at the earliest. The last date to file a return is 30th September 2022 which may not be extended.

Income Tax Returns forms for tax Year 2022 ready to file. Last Date of Income Tax Return 2022. Income Tax Return Filing Date Expires on September 30 2022. What is the Latest News about the Extension in the Last Date for Filing Tax Return 2022.

Federal Board of Revenue (FBR) in July 2022, made available Income Tax Returns Forms for tax return filing of Tax Year 2022.

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As per the previous year’s practice, FBR facilitated taxpayers by providing the tax return form for the tax year 2022 in July. It will help the taxpayers to make their compliance of submission of annual income tax returns on time. Moreover, this was the reason that last year FBR did not extend the last date beyond October 15 2021 for the tax year 2021 tax return.

The income Tax Returns Form for the tax year 2022 is available for Salaried, Individuals, Sole Proprietors, Partnership businesses, and Corporate sector companies.

Penalty for Late Filing of Tax Return of FBR

If taxpayers submit tax returns after the due date then they have to pay a penalty after submission of the tax return. As soon as the penalty is paid taxpayer’s name is included in the Active taxpayer list. The penalty for becoming an active filer in FBR is Rs 1,000 for Individual and salaried taxpayers. Moreover, Rs 10,000 for AOPs / Partnership Businesses and Rs 20,000 for Corporate Sector taxpayers.

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