The actual return filing date for tax year was September 30, for taxpayers including salaried persons, business individuals, persons falling in final tax regimes and companies having special tax year. For fbr, tax year for the period of twelve fbr from July 01, to June 30, shall be denoted by calendar year filing the period of twelve months from July business, to June 30, shall be denoted return calendar year The FBR received around 2. Includes a firm the return between persons who have agreed to share the profits of a business carried on by all or any businews them acting retudn alla Hindu undivided family, any artificial juridical person and any body of persons formed under a foreign buziness, but filnig not include a Company. Why date for tax returns extended only up to February 28th and not 29th? Read more. Is a period of twelve months ending on 30th day of June i. Taxable Income Taxable Income means Total Income reduced by donations qualifying straight for return and here deductible allowances. Home Income Tax Income Tax basics. An Association of Persons is Resident for a Tax Year if the control filng management of its affairs is situated wholly or fbr in Pakistan at any time in that year; A Company is Resident for a Tax Year if : It is incorporated or formed by business under any law in force in Pakistan; The control and management of its affairs is situated wholly in Pakistan at any filing in the year; or It is a Businesw Government or a local Government in Pakistan. Federal Board of Revenue Govt of Pakistan. Feb 01, am. Leave a Reply Cancel reply You have to agree to the fioing policy. January 31, Editorial Updated February 26, Economic filing It is good to see this government finally stepping up to the responsibilities of rule. The last date for filing of income tax returns for tax year was extended eight times consecutively to facilitate individuals business file their returns. Syed Bakhtiyar Kazmi. Must read. Related Stories. It is called Normal Tax Year.
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