Miss Sept 30 tax deadline, face penalty up to Rs25,000
Taxpayers who fail to file their income tax returns by September 30 will face significantly higher penalties from October 1, as the Federal Board of Revenue (FBR) moves to discontinue the late-filer category, according to FBR sources.
September 29, 2026 (MLN): Taxpayers who fail to file their income tax returns by September 30 will face significantly higher penalties from October 1, as the Federal Board of Revenue (FBR) moves to discontinue the late-filer category, according to FBR sources. Under the revised regime, taxpayers who miss the September 30 deadline will be treated as non-filers from October 1 and will be subject to the higher penaltie...