If you haven’t filed your income tax return yet, you have more time. The Federal Board of Revenue (FBR) has announced a second extension for the tax year 2025, giving filers until October 31 to complete their returns.
This decision pushes the deadline back from October 15 and comes as a relief to many individuals and businesses. The FBR stated that the extension was approved after receiving numerous requests from trade bodies and tax bar associations, who argued that taxpayers needed more time to gather their financial documents and file accurately.
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The authority is using its power under Section 214A of the Income Tax Ordinance, 2001 to grant this relief. While the FBR had initially been firm about not extending the deadline beyond October 15, this move shows a willingness to accommodate the public and professionals. This extra window is a final opportunity for taxpayers to avoid penalties and fulfill their civic duty without rushing.
Frequently Asked Questions (FAQs)
1. What is the new last date for filing my income tax return?
The new and final deadline for filing your income tax return for the tax year 2025 is October 31.
2. Why did the FBR extend the deadline again?
The extension was granted in response to requests from various trade bodies and tax bar associations, who cited a need for more time for taxpayers to comply.
3. What was the previous deadline?
The deadline was initially September 30, which was first extended to October 15, and has now been moved to October 31.
4. Will there be another extension after this?
It is highly unlikely. The FBR has indicated that this is the final extension, so taxpayers should aim to file by October 31 to avoid penalties.
5. What happens if I miss the October 31 deadline?
Missing the deadline can result in penalties and fines imposed by the FBR. It is crucial to file your return on time to stay compliant with tax laws.
