Thursday, November 14, 2024

FBR chief warns non-filers of serious action after November 1st

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Karachi: The FBR chief stressed that there would not be any more prolongation in the deadline for succumbing income tax returns.

Chairman of Federal Board of Revenue (FBR), Rashid Langrial, has recently released a warning that serious actions would be taken towards non-filers which would begin from November 1.

Discussing with the press in Islamabad, Rashid Langrial said that the number of income tax returns filed has now surpassed 4 million, accumulating compared to last year.

He emphasized that there will be no extension in the deadline for submitting income tax returns.

The FBR Chairman issued a warning to all the large-scale non-filers as action against them would commence in November, as all data on non-filers would be available by then.

He further added that the Prime Minister had given directions that the tax evaders would not be spared. It’s mandatory to see that the last date to submit income tax returns is October 14.

The FBR decided to levy 15 restrictions on tax evaders by destroying the non-filer category, with five initial restrictions to be applied, including bans on property, vehicles, international travel, opening current accounts, and investing in mutual funds.

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