I missed tax return last date ? Relax! We’re Open Year‑Round.

If the tax return last date has come and gone. And you failed to file your Income Tax Return within last date, the Federal Board of Revenue (FBR) will deny any requests for extensions after due date — but don’t freak out. You still have options, let us explain them below:

You Can Still File Your Income Tax Return even you crossed tax return last date

All hope is not lost. If you crossed your income tax return last date and you still not received any tax notices especially notice to file tax return u/s 114 (which is the first notice FBR issue if you failed to file your income tax return within due date) in that case, you just simply e file your voluntary tax return and hope FBR ignore your penalty.

In fact, if you’re due a refund, you may adjust your penalty for filing late. Moreover if you owe, the sooner you file, the smaller your penalty. If you’re due a refund — well, what are you waiting for then?

Bad News

But unfortunately, if you missed your tax return last date and failed to respond with due date as prescribed by Federal Board of Revenue (FBR). your case will be selected for audit by FBR.

Our Suggestion

Don’t delay too long though. This is especially true if you hold a Tax Credit. Failure to file a tax return could jeopardize all of that credit, so it’s better to act soon. You can still make an appointment with KLA Pakistan.

KLA Pakistan offers a variety of tax services – for employees, employers / businesses, companies and everyone in-between! Weather you would like one of our tax professionals to prepare your taxes and file you income tax return. KLA Pakistan has a solution of your every tax and finance related problems.

Get in touch today — Complex Issues, Specialist Advise!

FOR ALL YOUR TAX AND FINANCE RELATED NEEDS, CONSULT OUR PROFESSIONALS.

You might find these further articles useful:

Why you should Audit your Financial Statement

Advantages and Benefits of Company Registration in Pakistan

Benefits of FBR NTN and online NTN Verification

If Your Goal Is To Get Biggest Refund Possible

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