The Federal Board of Revenue (FBR) extends the deadline of Income Tax returns till 16th December 2019.
In its statement, the FBR said: “The Income/Statements of final taxation for individuals and Associations of Person for the Tax Year 2019 which were due on 30th September 2019 and extended up to 30th November 2019 is hereby further extended up to 16th December 2019.”
The date of filing of Total Income/Statements of final taxation for companies the Tax Year 2019, which were due on 30th September, 2019 and extended up to 30th November, 2019, in respect of those companies who have paid ninety-five percent of the admitted tax liability on or before 30.09.2019 is here further extended up to 16th December 2019.
FBR introduced Tax Asaan is Smart Application developed for Federal Board of Revenue, Government of Pakistan to facilitate its Taxpayers, to use commonly re features as available on various FBR Websites. The features currently available are:
1. Online Verification Services
2. e-Payment
3. Taxpayer Login
Why file your tax returns
Filing tax returns may seem like a long, difficult and unnecessary process but the pros outweigh the cons. By filing your tax returns you are entitled to:
Lower taxes on bank transactions
Lower taxes when buying property or cars
Tax refunds
How to do it?
The process to file your returns is pretty easy and can be done online.
The FBR has an online income return system called IRIS, which can be accessed at www.iris.fbr.gov.pk. You register for it with your 13-digit identity card number or using your seven-digit national tax number.
There is a section called ‘Return of Income’ through which users can click on the ‘Declaration’ tab and scroll through the options. For people whose tax is deducted at source, meaning your income tax is already cut before you get your salary, all you have to do is declare it under the ‘Adjustable Tax Regime’ section with the relevant code.
