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The deadline for submission of income tax returns was scheduled to end on December 31, but the National Board of Revenue is allowing taxpayers to submit their returns till January 2, 2022.
Speaking to The Business Post, a NBR official on condition of anonymity said the decision was taken considering the fact that December 31 is Friday, and January 1 is Saturday.
The official added that as much as 24 lakh taxpayers have submitted their returns offline till December 26, and nearly two lakh taxpayers have submitted their returns through the e-filing system.
On November 30, while marking the Income Tax Day, the revenue board had extended the deadline to file income tax returns for FY2020-21 by one month from November 30 to December 31.
NBR sources say there are currently more than 68 lakh taxpayers in the country.
The income tax act makes it mandatory for all TIN holders to file their tax returns by 30 November with certain exceptions. The NBR will allow taxpayers to submit returns without late submission fees after one month of the deadline if they have a valid reason for the delay.
According to the revenue board, a total of 23 lakh taxpayers had filed their returns last year.
