FBR warns of heavy fines as tax return deadline hits Oct 31
The Federal Board of Revenue will cross-check filings with nationwide asset data and AI tools, while its chairman moves to end advance tax notices for people who earn only a salary.
October 31 is the final deadline to file income tax returns, sources said.
False declarations can draw penalties of up to 75% of the tax owed under Section 182.
Unpaid penalties attract a further late fine of Rs1,000 per day.
The FBR will check returns with automated systems, AI and nationwide property and asset data.
Chairman Rashid Mahmood Langrial has moved to stop advance income tax notices for salary-only earners.