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Pakistan

FBR urges every person owning 1000cc car, 500 square yards house to file tax returns

FBR chairman warned of penal actions against those who failed to file return. Shabbar Zaidi directed FBR forma
Published December 3, 2019 Updated December 3, 2019 08:22am
  • FBR chairman warned of penal actions against those who failed to file return.
  • Shabbar Zaidi directed FBR formations to ensure that all industrial and commercial consumers of electricity and gas distribution companies are registered under and file return of income.

Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi has said that every person owning a car above 1000 cc and a house which measures 500 square yards or above is required to file return of income, irrespective of having any taxable income during the year.

“FBR reiterates that every person owning a car above 1000 cc and a house measuring 500 sq. yards or above is mandatorily required to file return of income irrespective of having any taxable income during the year,” tweeted the FBR Chairman.

The chairman warned of penal actions against those who failed to file return, and urged the public to avail extension.

FBR extended the deadline for people to file their income tax returns for Tax Year 2019, according to a circular people can now file their tax returns by December 16. The deadline was to expire on November 30.

Furthermore, the FBR chief directed the FBR formations to ensure that all industrial and commercial consumers of electricity and gas distribution companies are registered under and file return of income, if required. “Such consumers, who have not yet filed return of income to avail extension in time,” he said.

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