Tax return filing deadline likely to be extended by a month

ISLAMABAD: The Federal Board of Revenue (FBR) may grant a one-month extension in filing of income tax return forms, it is reliably learnt.

Contrary to this, the FBR has officially announced no extension in the last date for filing income tax returns beyond September 30, 2023.

According to a tweet of the FBR on Thursday, since the last date of filing of returns is not being extended, FBR directs all Inland Revenue Commissioners to facilitate taxpayers in filing Returns and granting extension on case by case basis, it added.

Sources told Business Recorder that there is a substantial increase of 15 percent in the number of return filers till September 28 when compared with the same period of last September 28, 2022. The number of return filers would further increase during the last two days of return filing i.e. Sep 29 and 30th.

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In a communication to the FBR Chairman, Pakistan Tax Bar Association stated that the taxpayers be provided the statutory period of clear 90 days for submission of their income tax returns from the day, when the complete return forms and portal is error-free.

The challan generation of withholding income tax is still in old system, which is very slow and time consuming, it’s the need of the hour to provide the facility of generation all type of challans in the IRIS e-portal to save the precious time and facilitation, the PTBA added.

The new IRIS portal is missing the data and showing incomplete data on downloading from the MIS tabs under various types of tax deductions at source under various sections of the Income Tax Ordinance 2001 and have not properly synchronized with the Maloomat portal.

The challan generation of withholding income tax is still in old system, which is very slow and time consuming, it’s the need of the hour to provide the facility of generation all type of challans in the IRIS e-portal to save the precious time and facilitation, the PTBA added.