The Federal Board of Revenue has extended the due date for filing of Income Tax Returns and Statements till 30th of next month.
In a statement on Sunday, FBR said that during first quarter of the current financial year recorded a provisional net revenue collection of over 836 billion rupees. It said that 766 billion rupees were collected during the same period of the previous fiscal year.
It said that the increase of 70 billion rupees is despite the fact that relief measures, introduced through Finance Act, 2018, have adversely affected the revenue collection in the first quarter.
It also said that the provisional collection this month stands at 323 billion rupees. It said that this figure augurs well for the efforts of FBR towards achievement of the assigned revised annual revenue target of 4398 billion rupees.