Federal Board of Revenue (FBR) extends the date of payment of tax along with the return of total income statement of final taxation for the tax year 2011. FBR on Friday has issued circular number 17 regarding extension in the date of payment of tax along with the return of total income statement of final taxation for the tax year 2011. It has been represented by the All Pakistan Tax Bar Association and other trade bodies of the country that as the date of filing of Return of Total Income Statement of final taxation for the tax year 2011 has been extended up to 21st November, 2011.
The fact that Eid-ul-Azha is approaching and many taxpayers are out of the country for performance of Hajj, the date of deposit of tax may also be extended up to 21st November, 2011, said FBR. Therefore, in exercise of powers conferred under section 241A of the Income Tax Ordinance, 2001, the FBR is pleased to extend the date of deposit of tax liability along with the return up to 21st November, 2011. FBR had extended the date four times due to the inconsistency in its system and now it is finally allowing the tax payers to pay their tax and tax returns till 21st November 2011.
