<?xml version="1.0" encoding="UTF-8"?>
<rss xmlns:media="http://search.yahoo.com/mrss/" xmlns:content="http://purl.org/rss/1.0/modules/content/" version="2.0">
  <channel>
    <title>Aaj TV English News - Business &amp; Economy</title>
    <link>https://english.aaj.tv/</link>
    <description>Aaj TV English</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Tue, 07 Apr 2026 15:38:07 +0500</pubDate>
    <lastBuildDate>Tue, 07 Apr 2026 15:38:07 +0500</lastBuildDate>
    <ttl>60</ttl>
    <item xmlns:default="http://purl.org/rss/1.0/modules/content/">
      <title>Last day for submission of income tax returns tomorrow: FBR</title>
      <link>https://english.aaj.tv/news/330383997/last-day-for-submission-of-income-tax-returns-tomorrow-fbr</link>
      <description>&lt;p&gt;&lt;strong&gt;The Federal Board of Revenue (FBR) has warned that Monday is the last day for submission of income tax returns for the financial year 2023-2024.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;In a statement issued here, the FBR said that it had already &lt;a href="https://english.aaj.tv/news/330381940/fbr-extends-deadline-for-tax-returns-till-oct-14"&gt;extended&lt;/a&gt; the date for filing returns till the 14th of this month.&lt;/p&gt;
&lt;p&gt;The decision to extend the date for submission of income tax returns was taken following requests by various trade organizations, tax bar associations and the general public.&lt;/p&gt;
&lt;p&gt;“All taxpayers are urged to file their income tax returns immediately to avoid penalties and legal action,” the FBR said in its statement on October 1.&lt;/p&gt;
&lt;p&gt;Earlier this week, the government &lt;a href="https://english.aaj.tv/news/330383575/govt-urges-non-filers-cfos-of-wealthy-manufacturers-to-address-tax-obligations"&gt;urged&lt;/a&gt; non-filers and chief financial officers of wealthy manufacturing firms to pay their taxes and avoid exploiting input adjustments, which are significant sources of tax fraud affecting public finances.&lt;/p&gt;
&lt;p&gt;Finance Minister Mohammad Aurangzeb stated that non-filers should be concerned, as the government is determined to identify the largest tax evaders.&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Also, read this&lt;/strong&gt;&lt;/p&gt;
&lt;blockquote class="blockquote-level-1"&gt;
&lt;p&gt;&lt;em&gt;&lt;a href="https://english.aaj.tv/news/330382059/check-if-you-appear-on-fbrs-active-taxpayer-list-status-after-filing-tax-returns"&gt;Check if you appear on FBR’s active taxpayer list status after filing tax returns&lt;/a&gt;&lt;/em&gt;&lt;/p&gt;
&lt;/blockquote&gt;
&lt;blockquote class="blockquote-level-1"&gt;
&lt;p&gt;&lt;em&gt;&lt;a href="https://english.aaj.tv/news/330379091/govt-planning-mini-budget-to-squeeze-on-non-filers"&gt;Govt planning mini budget to squeeze on non-filers&lt;/a&gt;&lt;/em&gt;&lt;/p&gt;
&lt;/blockquote&gt;
&lt;p&gt;According to Aurangzeb, sales tax evasion amounts to approximately Rs3,400 billion.&lt;/p&gt;
&lt;p&gt;Only 14% of the 300,000 manufacturers registered are involved in Rs 3,400 billion in sales tax evasion. Many of those registered misreport their turnover, claim excessive input tax, or use fraudulent invoices.&lt;/p&gt;
</description>
      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>The Federal Board of Revenue (FBR) has warned that Monday is the last day for submission of income tax returns for the financial year 2023-2024.</strong></p>
<p>In a statement issued here, the FBR said that it had already <a href="https://english.aaj.tv/news/330381940/fbr-extends-deadline-for-tax-returns-till-oct-14">extended</a> the date for filing returns till the 14th of this month.</p>
<p>The decision to extend the date for submission of income tax returns was taken following requests by various trade organizations, tax bar associations and the general public.</p>
<p>“All taxpayers are urged to file their income tax returns immediately to avoid penalties and legal action,” the FBR said in its statement on October 1.</p>
<p>Earlier this week, the government <a href="https://english.aaj.tv/news/330383575/govt-urges-non-filers-cfos-of-wealthy-manufacturers-to-address-tax-obligations">urged</a> non-filers and chief financial officers of wealthy manufacturing firms to pay their taxes and avoid exploiting input adjustments, which are significant sources of tax fraud affecting public finances.</p>
<p>Finance Minister Mohammad Aurangzeb stated that non-filers should be concerned, as the government is determined to identify the largest tax evaders.</p>
<p><strong>Also, read this</strong></p>
<blockquote class="blockquote-level-1">
<p><em><a href="https://english.aaj.tv/news/330382059/check-if-you-appear-on-fbrs-active-taxpayer-list-status-after-filing-tax-returns">Check if you appear on FBR’s active taxpayer list status after filing tax returns</a></em></p>
</blockquote>
<blockquote class="blockquote-level-1">
<p><em><a href="https://english.aaj.tv/news/330379091/govt-planning-mini-budget-to-squeeze-on-non-filers">Govt planning mini budget to squeeze on non-filers</a></em></p>
</blockquote>
<p>According to Aurangzeb, sales tax evasion amounts to approximately Rs3,400 billion.</p>
<p>Only 14% of the 300,000 manufacturers registered are involved in Rs 3,400 billion in sales tax evasion. Many of those registered misreport their turnover, claim excessive input tax, or use fraudulent invoices.</p>
]]></content:encoded>
      <category>Business &amp; Economy</category>
      <guid>https://english.aaj.tv/news/330383997</guid>
      <pubDate>Sun, 13 Oct 2024 22:57:15 +0500</pubDate>
      <author>none@none.com (APP)</author>
      <media:content url="https://i.aaj.tv/large/2024/10/1322535583dea53.webp?r=225359" type="image/webp" medium="image" height="720" width="1200">
        <media:thumbnail url="https://i.aaj.tv/thumbnail/2024/10/1322535583dea53.webp?r=225359"/>
        <media:title>The national flag is seen on the Federal Board of Revenue office building in Karachi, Pakistan August 29, 2018. Reuters/File
</media:title>
      </media:content>
    </item>
  </channel>
</rss>
