119(1) / 114 is the Application for extension in time for filing of Return of Income.
will grant permission by sending
119(3) / 114 (Order to grant / refuse extension in time for filing of Return of Income)
in Routine as practice taxpayer will get 15 days extension
You typically don’t “receive” a Section 119(1)/114 notice from the Federal Board of Revenue (FBR) in Pakistan. Instead, this section of the Income Tax Ordinance, 2001, allows taxpayers to proactively apply for an extension of time to file their income tax return. You would use this section when you anticipate being unable to meet the original filing deadline for your income tax return under Section 114.
Why would you need to use Section 119(1)/114?
You might need to use Section 119(1)/114 for several reasons:
- Absence from Pakistan: If you’re out of the country during the filing period.
- Illness: If you or a family member is dealing with a health issue that prevents timely filing.
- Misadventure: Any unexpected event that hinders your ability to file on time.
- Other Reasonable Causes: Any other valid reason that makes it difficult to meet the deadline.
What should you do if you need to apply under Section 119(1)/114?
If you find yourself needing an extension to file your income tax return, here’s a step-by-step guide on what to do:
- Assess Your Situation
Before applying, carefully evaluate why you need the extension. Ensure your reason aligns with the conditions outlined in Section 119(1).
- Prepare Your Application
Gather all necessary information, including:
- Your tax details
- A clear explanation of why you need the extension
- Any supporting documentation that validates your reason
- Submit Your Application
- Log in to the FBR’s online portal (IRIS)
- Navigate to the section for filing extension requests
- Complete the application form, providing all required information
- Submit the application before the original due date of your tax return
- Follow Up
- Monitor your IRIS account for any updates or communications from the FBR
- Be prepared to provide additional information if requested
- Await the Commissioner’s Decision
The Commissioner will review your application and issue an order under Section 119(3), either granting or refusing the extension.
- Act on the Decision
If granted:
- Note the new deadline carefully
- Ensure you file your return within the extended period to avoid penalties
If refused:
- File your return immediately to minimize potential penalties
- Consider seeking professional tax advice if you’re still unable to file
- Keep Detailed Records
Maintain copies of:
- Your extension application
- Any correspondence with the FBR
- The Commissioner’s decision
These records will be valuable for future reference or if any issues arise.
- Plan for Timely Filing Next Year
To avoid needing extensions in the future:
- Start preparing your tax return well in advance of the deadline
- Keep your financial records organized throughout the year
- Consider setting reminders for important tax dates
Section 119(1)/114 of the Income Tax Ordinance, 2001, provides a valuable option for taxpayers who, for valid reasons, cannot meet the original filing deadline for their income tax returns. By understanding this provision and following the correct procedure, you can properly manage your tax obligations even when faced with unexpected circumstances.
Remember, while the FBR typically grants routine 15-day extensions, it’s crucial to have a valid reason for your request and to apply before the original deadline. Proper use of this provision can help you avoid penalties and maintain good standing with the tax authorities.
At ABH Consultants Islamabad, we understand that navigating tax regulations can be complex. Our team of experienced tax professionals is here to assist you with all aspects of tax compliance, including applying for extensions under Section 119(1)/114. We can help you assess your situation, prepare a strong application, and ensure you meet all requirements to maintain your tax compliance.
Don’t let tax deadlines cause you undue stress. Contact ABH Consultants Islamabad today for expert assistance in managing your tax obligations effectively and efficiently. Let us help you navigate the complexities of Pakistani tax law and ensure your peace of mind.
Reach out to help if you are unable to file your Tax Returns Properly