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 Taxpayer | Last Date to File Income Tax Returns |
Individual / Sole Proprietor | On or before 30th September |
Association of Person (AOP) / Partnership | On or before 30th September |
Salaried Taxpayer | On or before 30th September |
Company / Corporate Sector | On or before 31st December |
Company having a special tax year | On 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.
Federal Board of Revenue (FBR) in July 2022, made available Income Tax Returns Forms for tax return filing of Tax Year 2022.
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.