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Salaried individuals can file income tax returns by Aug 31

Salaried individuals can file income tax returns by Aug 31

ISLAMABAD: Federal Board of Revenue (FBR) has announced deadline on August 31 for salaried individuals to file their income tax returns and wealth statements for tax year 2017.

The FBR issued final income tax return forms for individuals and association of persons. It circulated the draft returns forms for both on July 20 and 27, respectively. Salaried individuals are required to submit annual return on or before August 31 as per Income Tax Ordinance 2001. So, they will have only 14 days to meet the obligations.

An individual other than a company, however, can submit annual return on or before September 30. In the past, FBR frequently extended the last dates for filing of income tax returns for one or another reason.