You can now file your tax returns by Dec 15Samaa #Tax_Returns

You can now file your tax returns by Dec 15Samaa #Tax_Returns

December 7, 2018 0 By NewsTakers

The government has extended the deadline for people to file their income tax returns.
The Federal Board of Revenue sent a summary to the ministry of finance asking for an extension.
On June 30, the FBR prohibited people who do not file their taxes, or non-filers, from buying cars and motorcycles.
FBR officials think this step will increase the number of tax filers in Pakistan.
Why file your tax returns
By filing your tax returns you are entitled to
Lower taxes on bank transactions Lower taxes when buying property or cars Tax refunds
The FBR has an online income return system called IRIS, which can be accessed at www.iris.fbr.gov.pk.
You register for it with your 13-digit identity card number or using your seven digit national tax number.
Ashfaq Tola, an economic analyst, lauded the decision taken by the revenue board.

It’s hard to overlook the big charitable gifts you made during the year by check or payroll deduction. But the little things add up, too, and you can write off out-of-pocket costs you incur while doing good deeds. Ingredients for casseroles you regularly prepare for a qualified nonprofit organization’s soup kitchen, for example, or the cost of stamps you buy for your school’s fundraiser count as a charitable contri…

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