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FBR extends date for filing income tax returns

FBR extends date for filing income tax returns

ISLAMABAD: The federal government extended the date for filing income tax returns following the failure to address technical glitches in the online portal, depriving the taxpayers of incentives linked with timely filing of returns including reduction in tax rates.
According to the Federal Board of Revenue (FBR) notification, the last date for filing income tax returns for fiscal year 2013-14 has been extended by one month to September 30.
The officials are of the view that the date has been extended after they could not fix issues related to the web portal.
However, the government was quick to blame Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek for the extension. The two political parties have staged a sit-in since August 14, demanding ouster of the prime minister over allegations of election rigging. Under the law, it is mandatory for every person to file income tax returns to declare their income and expenditures during a fiscal year. The government had set August 31 deadline for the e-filing of returns in the case of salaried persons.
On the other hand, it will deprive taxpayers of potential benefits come with timely filing of income tax returns.