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The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns till 31st October 2022. The previous last date for filing income tax return for tax year 2022 was 30 September 2022. FBR had announced that it will not extend this date and has urged taxpayers to comply within the stipulated date but now FBR has extended the date to one month. The Chambers and Association had approached the FBR to extend the deadline for filing income tax returns, which expires on September 30, 2022. Karachi Chamber of Commerce and Industry (KCCI) President Mohammad Idris, in a letter sent to the Finance Minister on Monday, extended the deadline for submission of income tax returns to FBR from September 30, 2022 to December 31, 2022; Requested. Keeping in view the unusual sit...

With FBR rules about issuing a warning to defaulters now revoked, taxmen will now be freezing bank accounts without prior warning. People including tax lawyers and business professionals objected and called it a ruling that damages ease of doing business. The Federal Board of Revenue ( FBR ), formerly known as Central Board of Revenue. A federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth and money-laundering ISLAMABAD, PAKISTAN - On Monday, The Federal Board of Revenue (FBR) made it legal for taxmen to freeze defaulter bank accounts without prior notice. This decision came in after the clause that demands tax officers to notify a person 24 hours before closing their account. While this revocation may bring positive changes int...

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FBR give extension to file income tax returns till October 31st, 2022

FBR to start freezing bank accounts without warning