Staff Correspondent:
The National Board of Revenue (NBR) has extended the deadline for income tax returns submission till February 16, 2025.
To this end, the revenue authority issued two orders extending the time for submission of income tax returns for both online e-return and offline filing of paper returns for all taxpayers.
The last date of submitting income tax returns of all categories of taxpayers except those of companies for 2024-2025 fiscal year was January 31. In a notice issued on Thursday, the NBR said individual taxpayers can now submit their returns until February 16, instead of the previous deadline of January 31.
The announcement comes a day before the deadline for filing income and wealth statements by personal income taxpayers was set to expire. This is the third time the NBR has extended the deadline. Typically, the deadline for tax return submission is November 30 for the income year ending in the preceding June. The NBR had initially extended it to December 31, followed by another extension to January 31. In a separate notice, the NBR also extended the deadline for companies to submit tax returns by one month. Firms can now file their returns until March 16 instead of February 15.
Earlier, the tax authority had provided an extension from January 15, allowing companies to submit income statements until February 15.