Income tax return can be submitted online round the year, but with extra charge: NBR chairman
He said online return submission has become popular as some 12 lakh taxpayers have submitted their returns so far this way
Taxpayers can now submit their income tax returns round the year online, but they have to pay an extra charge.
National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan announced while speaking at the World Customs Day programme held at the Multipurpose Hall of the NBR where Finance Adviser Dr Salehuddin Ahmed was the chief guest.
He said online return submission has become popular as some 12 lakh taxpayers have submitted their returns so far this way.
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He hoped that by 31 January, the last day of the income tax return submission, it would be around 14 lakhs
He said that the tax calculation up to 31 January will be different than the submission after the January deadline.
"Automatically the taxpayers who will submit their returns after 31 January will have to bear some burden," he said.
The NBR Chairman said the rate will be 2% extra over the tax amount for each month.
"The maximum ceiling is 24 months, and we will not take any interest over 48%," he said.
