- Bank Accounts of 4 Showbiz Stars Frozen Over Tax Default |
- World Warns of Fallout as US Bombs Iran’s Nuclear Sites |
- Global South Joins New Space Race With UN-led Support |
- UN Urges De-escalation Amid Iran-Israel War, Gaza Crisis |
- Iran Warns of 'More Devastating' Retaliation Against Israel |
Over 1.4M Taxpayers File Returns Online, NBR Expands Digital Services
Over 1.4 million taxpayers have filed their income tax returns online this fiscal year, marking a significant milestone for the National Board of Revenue (NBR), which has also seen more than 1.8 million individuals register for its e-return system.
In a recent press release, NBR highlighted the overwhelming response to its online income tax filing service, which has made tax compliance more accessible for taxpayers across the country.
In a bid to further promote digital tax services, the NBR confirmed that the online filing platform will remain available year-round, even after the Income Tax Day on February 16. This extended availability aims to provide taxpayers with greater flexibility and convenience when submitting their returns.
However, the NBR emphasized that taxpayers who file after the deadline will forfeit eligibility for investment tax rebates and exemptions under Section 76 of the Income Tax Act, 2023. Additionally, a 2% monthly penalty (up to 24 months) will be levied on unpaid taxes as per Section 174 of the Act.
Expressing gratitude to those who have already embraced online filing, NBR encouraged all taxpayers to continue using the digital platform for a seamless filing experience and to obtain their income tax certificates easily.