By Ali Imran
ISLAMABAD: The Federal Board of Revenue (FBR) has ruled out further extension in the deadline of filling income tax returns.
After two extensions, the FBR has denied any further extension in the deadline, which is set to expire today (October 31).
According to the FBR officials, so far, over 5.01 million returns have been submitted, with more than Rs125 billion collected from the tax returns process.
The tax body has directed the citizens to file their tax returns until midnight tonight. Starting from No-vember 1, late filers or non-filers will be identified.
Late filers will be subjected to double taxation on vehicle and property purchases. Officials emphasized that individuals earning Rs50,000 per month are required to submit income tax returns. Those failing to do so will be classified as non-filers or late filers.
Non-filers will face restrictions on international travel, their mobile phone SIM cards will be blocked, and their electricity and gas services may be disconnected, the body officials said.
