The last date for submitting Income Tax Returns 2022Befiler August 26, 2022
The deadline for filing the income tax returns for the fiscal year 2021-2022 is just a few weeks away. 30 of November 2022 is the last date for submitting the income tax returns within the due time.
According to the FBR officials’ statement, they said that “all the taxpayers other than corporate taxpayers (Company) are required to file an annual return of income for the tax year 2022 by November 30, 2022.”
They further added that “taxpayers including salaried persons, business individuals, the association of persons (AOPs) and companies other than those who are having accounting year July to June are required to file the return of income.”
Those Companies that have their financial year between July 01 to June 30 must file their Income Tax Returns by December 31 every year.
In case of non-filing the tax returns within the due date, taxpayers would have to pay the penalty. Further, taxpayers would be liable to pay ATL Surcharge Challan to update their status in the Active Taxpayers List which will be updated on March 1, 2023, and their name will be listed upon the timely submission of TY 2022 returns. Individuals will pay a late filing challan of Rs 1,000, AOPs / Partnership will pay Rs 10,000 and companies will pay Rs 20,000 respectively.
Therefore, taxpayers are requested to file their income tax returns for the tax year 2022 at their earliest because the mentioned deadline may not be extended further.
Hurry up, if you have not already submitted your income tax returns then you have the golden opportunity left to obtain. You can now file your income tax returns conveniently and hassle-free, while resting at your home, filing online at the comfort of the Befiler mobile app or web app, and with the help of an expert consultant.