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UPDATES
Current figures of income tax returns filing for tax year 2021

Current figures of income tax returns filing for tax year 2021

The Federal Board of Revenue (FBR) has received record number of 2.163 million income tax returns for the tax year 2021 up to October 11, 2021. According to media reports here on Monday that the…

TAXATION
Number of active taxpayers dropped by 30%

Number of active taxpayers dropped by 30%

In a worrying development, the number of active taxpayers has dropped by 30% or 935,000 to just 2.2 million, the fact revealed in Federal Board of Revenue (FBR) list of active taxpayers released on Monday.…

TAXATION
Income tax returns filing reached at new peak

Income tax returns filing reached at new peak

According to the weekly list of active taxpayers (ATL) released on Monday, the Federal Board of Revenue (FBR) has reached a peak of of 3.06 million in income tax returns for the tax year 2019.…

TAXATION
Income Tax Return Filing reached at it’s peak

Income Tax Return Filing reached at it’s peak

Income tax return filing reached at it’s peak of 3.03 million for tax year 2019, according to weekly Active Taxpayers List (ATL) updated on Monday. The FBR issued the weekly ATL – 2019 updated on…

UPDATES
FBR appealed to all taxpayers to file income tax returns before march 2021

FBR appealed to all taxpayers to file income tax returns before march 2021

The Federal Board of Revenue has issued a statement stating that there has been a significant improvement in the collection of income tax returns for the tax year 2020. As of December 8, 2020, 1.768…

UPDATES
FBR formed committee to improve Income Tax Return forms

FBR formed committee to improve Income Tax Return forms

The Federal Board of Revenue (FBR) on Friday formed a committee to simplify income tax returns for the tax year 2021. This step of FBR is part of various reforms under the special direction of…

BUDGET
FBR allowed to taxpayers to file settlement application for agreed assessment

FBR allowed to taxpayers to file settlement application for agreed assessment

FBR allowed to taxpayers to file settlement application for agreed assessment. The Federal Board of Revenue has issued a statement saying that the government has added a new section 122D to the Income Tax Ordinance…

UPDATES
FBR issued no of tax returns submitted up to year end 2020

FBR issued no of tax returns submitted up to year end 2020

According to a statement issued by Federal Board of Revenue (FBR) they have received 2.3 million income tax returns for tax year 2020 by December 31, 2020. It is to remind here that the last…

TAXATION
Further extension in time for filing income tax return

Further extension in time for filing income tax return

Extension of time for furnishing income tax returns and other documents. After first extension of 15 days by the commissioner, the taxpayer may also apply further extension. Extension of time for furnishing returns and other…

UPDATES
FBR once again reminded to file income tax returns by the deadline

FBR once again reminded to file income tax returns by the deadline

The Federal Board of Revenue (FBR) reminded again to submit income tax returns by the December 8, 2020 deadline. Otherwise it will not be further extended. Which Persons required to submit tax returns ? The…

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