Date extension, Income tax return 2023 filing date will probably be extended by a month

Income tax return 2023 filing date will probably be extended by a month

Web Desk

Date September 30, 2023

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

In contrast, the FBR has not officially announced any extension in the deadline for filing tax returns beyond September 30, 2023.

According to FBR's tweet on Thursday, since the last date for filing returns is not being extended, FBR directs all Commissioners of Internal Revenue to facilitate taxpayers to file returns and grant extension on a case-by-case basis, it added.

Sources told the Business Recorder that there has been a substantial increase of 15 percent in the number of returns till September 28 compared to the same period last year on September 28, 2022. During the last two days of the return, the number of returns will increase further. filing, i.e. September 29 and 30.

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The Pakistan Tax Bar Association, in a communication to the FBR Chairman, said that taxpayers are given a statutory period of clear 90 days to file income tax returns from the date the return forms are complete and the portal is error-free.

The generation of withholding tax challans is still in the old system which is very slow and time consuming, a facility to generate all types of challans on IRIS e-portal should be provided hourly to save valuable time and facilitation, PTBA added.

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

The generation of withholding tax challans is still in the old system which is very slow and time consuming, a facility to generate all types of challans on IRIS e-portal should be provided hourly to save valuable time and facilitation, PTBA added.

 

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