ISLAMABAD (Kashmir English): The Federal Board of Revenue (FBR) has extended, for the second time in less than a month time, the deadline for filing the income tax returns for the 2025 tax year.
On Wednesday, the FBR notified an extension in the deadline by 16 days.
The notification stated that the income tax particulars could now be filed till October 31.
Prior to this decision, the authority announced to extend the deadline two weeks ago, setting October 15 as the last date of submission.
The previous extension was granted following requests from various trade bodies, taxpayers, and tax bar associations, according to the FBR.
Revenue shortfall
The FBR faced a shortfall of Rs1.2 trillion against its original revenue target of Rs12.97 trillion for FY2025, despite introducing Rs1.3 trillion in new taxes.
The shortfall triggered scrutiny from the global lending body during recent technical-level talks, where Islamabad was asked to explain the underperformance, according to media reports.
