ISLAMABAD: On Friday, the Federal Board of Revenues (FBR) deadline for citizens to file their income tax returns and wealth statements will ends today.
In September, the FBR had extended the deadline to file annual income tax returns and wealth statements till November 30.
According to sources, a further extension in deadline will not be granted.
The names of those who have filed their income tax returns will immediately appear in the active tax payer list, sources said. Filers will not be banned from purchasing immovable property no matter what its worth, sources added.
Further, as compared to non-filers, filers will have to pay half the withholding tax. Non-filers will have to pay 1.5-2 times more withholding tax, the sources further said.