Islamabad, Sep 22: The Federal Board of Revenue (FBR) has issued a stern warning to taxpayers who fail to file their income tax returns by the deadline of September 30, 2024. According to FBR, consequences for non-filers include the blocking of mobile phone SIMs, cutting off electricity and gas connections, and a ban on international travel.
FBR has notified non-filers via email, reminding them that under Section 114(1)(b)(vii) of the Income Tax Ordinance, 2001, individuals with taxable income must submit their tax returns for the year 2024 by the specified deadline. Failure to comply may result in significant penalties.
The FBR emphasized that it has access to complete financial transaction records of taxpayers. It warned that non-compliance could lead to further legal action, detailed financial audits, and substantial fines. Taxpayers are strongly encouraged to meet the deadline to avoid these repercussions.
