Extension of Income Tax Return Filing Deadline in Pakistan
Introduction
The Government of Pakistan has extended the deadline for filing income tax returns for the tax year 2024. This decision comes in response to requests from various trade bodies, tax bar associations, and in light of the banking holidays announced in Islamabad and Rawalpindi.
Key Points
- Extension Period: The deadline has been extended from October 14, 2024, to October 31, 2024.
- Affected Taxpayers: This extension applies to individuals and businesses who were required to file their returns by September 30, 2024.
- Reason for Extension: The extension is due to the banking holidays and to provide additional time for taxpayers to complete their returns.
Table: Important Dates for Income Tax Returns
| Event | Date |
|---|---|
| Original Deadline | September 30, 2024 |
| First Extension | October 14, 2024 |
| Final Extension | October 31, 2024 |
FAQs
Q: Who is affected by this extension?
A: This extension applies to individuals and businesses who were required to file their income tax returns by September 30, 2024.
Q: Why was the deadline extended?
A: The deadline was extended due to the banking holidays and to provide additional time for taxpayers to complete their returns.
Q: What is the new deadline for filing income tax returns?
A: The new deadline is October 31, 2024.
Conclusion
The extension of the income tax return filing deadline provides relief to taxpayers in Pakistan. It allows for more time to prepare and submit their returns, especially in light of the banking holidays. Taxpayers should take advantage of this extension to ensure compliance with the tax laws and avoid any penalties.
