Federal Minister for Finance, Revenue and Economic Affairs, Senator Mohammad Ishaq Dar on Friday approved extension in the due date for filing of Income Tax Returns/Statements by Companies, salaried individuals, other individuals and AOPs, till 31st October, 2017.
The Minister approved extension in the date in view of the requests made by the tax bars and various trade and other associations due to Eid-ul-Azha and Muharram holidays, both falling in September, 2017.
It was felt that the taxpayers could not find ample time for filing of their tax returns.
The due date for filing of returns has therefore been extended.
It maybe recalled that tax returns received up to 28th September 2017 were recorded at 178,945 as compared with 54,086 returns received till the same date in September 2016.