The Federal Board of Revenue (FBR) has notified extension in the date for filing of income tax returns/statements for Tax Year 2014. According to an income tax circular 5 of 2014 issued here on Friday, in exercise of powers conferred under section 214A of the Income Tax Ordinance, 2001, the Federal Board of Revenue has extended the date for filing of income tax returns/statements for Tax Year 2014.
The date of filing of Income Tax Returns/statements of final taxation which was due on September 30, 2014 for individuals and associations of persons is hereby extended to October 31, 2014 The date of filing of returns of total income/statements of final taxation due on August 31, 2014 and further extended to September 30, 2014 is hereby further extended to October 31, 2014. The date for filing of returns of total income/statements of final taxation of companies whose tax year ends between July 1, 2013 to December 31, 2013 due on or before September 30, 2014 is hereby extended up to October 31, 2014 provided that the admitted liability of tax due with returns is deposited by September 30, 2014, the circular added.
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