The Federal Board of Revenue (FBR) has warned the 300,000 taxpayers (latefilers) who had been granted an extension of fifteen days to file theirincome tax returns to proceed with filing them to avoid a penalty of Rs.40,000.——————————

Top FBR officials told ProPakistani that it has been lenient in fulfillingtaxpayers’ requests for an extension of the time period for the filing ofincome tax returns, and at least 300,000 taxpayers have utilized thefacility to file the returns after the due date on 8 December 2020.——————————

If they fail to file the returns within the extended period, the FBR willtake action against them that will include the imposition of a penalty ofRs. 40,000 on each person.

“The late filers of income tax returns must file the returns within theextended period to avoid penal action”, high-ups in the FBR warned thetaxpayers.