ISLAMABAD: Federal Board of Revenue (FBR) will take stern action against persons failed to file income tax returns for tax year 2019 after expiry of return filing date i.e. February 28, 2020.
Sources in Federal Board of Revenue (FBR) said that FBR unlikely to further extend the return filing date. The return filing date for tax year 2019 is expiring today i.e. Friday, February 28, 2020.
The sources said that tax authorities would identify persons who had filed their income tax returns for tax year 2018 but failed to file their returns for tax year 2019 despite grant of several extensions.
They said that the FBR would enforce returns and initiate legal proceedings against non-compliant taxpayers.
The last date for filing annual returns was September 30, 2019 for salaried persons, business individuals and Association of Persons (AOPs). While the last date for filing income tax returns for corporate entities was December 31, 2019.
The FBR while considering difficulties faced by taxpayers granted several extensions for filing tax returns and last was granted up to February 28, 2020.
The sources said that those persons who failed to file their returns would face penalty as prescribed under the Income Tax Ordinance, 2001.
