IT returns: deadline extended to February 28

Federal Board of Revenue (FBR) has extended the date for filing of income tax returns/statements by individuals, associations of persons and companies for the Tax Year 2019 up to February 28, 2020. The FBR has issued income tax circular number 1 of 2020 here on Friday.

According to the FBR, in exercise of the powers conferred under Section 214A of the Income Tax Ordinance, 2001, the FBR has extended the date of filing of income tax returns/statements for the Tax Year 2019 as under: Firstly, the date of filing of return of total income/statements of final taxation for individuals and associations of persons for the Tax Year 2019 which was due on September 30, 2019 and extended up to 31st January, 2020 is hereby further extended up to 28th February, 2020.

Secondly, the date of filing of return of total income/statements of final taxation for companies for the Tax Year 2019, which was due on September 30, 2019 and extended up to 31st January, 2020, in respect of those companies who have paid 95 percent of the admitted tax liability on or before 30.09.2019, is hereby further extended up to 28th February, 2020.

Thirdly, the date of filing of return of total income/statements of final taxation for companies for the Tax Year 2019, which was due on December 31, 2019 and extended up to January 31, 2020, is hereby further extended up to 28th February, 2020.