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FBR warns for large-scale action against non-filers from Nov 1

FBR warns for large-scale action against non-filers from Nov 1

Web Desk October 09, 2024 Add Bol News as a trusted source

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has warned that action against non-filers will start from November 1.

Talking to the media in Islamabad, Rashid Langrial said that the number of income tax returns has exceeded 4 million and the number of income tax returns has doubled since last year.

He said that the last date for submission of income tax returns will not be extended.

Chairman FBR warned that large-scale action against non-filers will begin from November, with complete data of non-filers.

He said that the Prime Minister's directive is not to spare the tax evader.

Note that the last date for submission of income tax returns is October 14.

[embedpost slug="fbr-targets-2-8-million-households-to-expand-tax-net"]

Earlier,  Federal Board of Revenue (FBR) has decided to bring 2.8 million potential households into the tax net, sources revealed on Tuesday. This move is expected to boost the national economy by approximately Rs1.6 trillion.

FBR spokesperson Bakhtiar Muhammad stated that while there are around 3.5 million individuals eligible to pay taxes in the country, 2.8 million of them are still not contributing. The FBR aims to address this gap with their new initiative.

The FBR made significant progress in a major sales tax evasion case in a separate development.

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