Taxpayers get one more month to file returns
The NBR is supposed to issue a gazette notification in this regard later on Tuesday
The National Board of Revenue (NBR) has extended the deadline for submitting income tax returns by a month to 31 December, meaning taxpayers have now 30 more days to furnish their tax returns.
The NBR issued a gazette notification in this regard on Tuesday.
"On the advice of higher authorities, we have extended the deadline, considering problems faced by many taxpayers because of Covid-19," a NBR official said, seeking to be unnamed.
There are around 67 lakh people having a Taxpayer's Identification Number (TIN). Until 29 November, more than 15 lakh taxpayers filed returns, he also said.
Last year, around 25 lakh taxpayers submitted income tax returns.
According to the Income Tax Act, it is mandatory for all TIN holders to file tax returns with certain exceptions.
The official time for filing returns starts on 1 July and ends on 30 November every year. The extension comes on the last day as a big number of taxpayers are yet to submit their returns.
Last year, the tax authorities had also granted additional time for taxpayers to file returns without penalty.