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What happens when return not filed within due date

What happens when return not filed within due date

Finance Act has approved that a person who fails to furnish or update taxpayer’s profile within the specified period, shall not be included in the active payers’ list for the latest tax year.

However, such person shall be included in the active taxpayers’ list upon filing the taxpayer’s profile and paying the surcharge amount.

Updating of tax payer profile has approved to be made mandatory.

Waheed Ensari
Waheed Ensari
Waheed focuses on modern techniques in order to management of businesses through finances, learning & development, IT.Its his appetite which draws his attention & energy in helping people (business owners/entrepreneurs) – to get the crystal aspects of the business.

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