Tax return filing date extended till Oct 31

Tax return filing date extended till Oct 31

Islamabad (Staff Report/Agencies): The Federal Board of Revenue (FBR) on Friday extended the date for filing income tax returns for individuals and companies untill October 31.

Addressing a press conference, newly appointed Federal Minister for Finance and Revenue Ishaq Dar said the decision to extend the tax return filing date has been taken keeping in view the demand of the business community.

The finance minister also announced the reduction in the prices of petroleum products up to Rs12.6 per litre or 5.4 percent.

According to the notification, the price of petrol has been cut by Rs12.63 per litre, bringing down the price from Rs237.43 to Rs224.80. The price of high speed diesel (HSD) has been reduced by Rs12.13 per litre from Rs247.43 to Rs235.30. The price of kerosene has been reduced by Rs10.19 per litre from Rs202.02 to Rs191.83. The rate of light diesel oil (LDO) has been cut by Rs10.78 per litre from Rs197.28 to Rs186.50.

The Oil & Gas Regulatory Authority has also notified about 4.9pc reduction in LPG price for October. The prices will remain in place till October 15.