Income Tax Ordinance Section 182A Amended | Heavy Penalties for Late Filers Increased

Описание: Income Tax Ordinance Section 182A Amended | Heavy Penalties for Late Filers Increased | Breaking News | Rohi

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The government has amended Section 182A of the Income Tax Ordinance, significantly increasing penalties for late filers. Under the new amendment, the penalty for individuals who file their returns late has been raised from 1,000 rupees to 25,000 rupees. For firms, the late filing penalty has been set at 50,000 rupees, while companies will now face a fine of 100,000 rupees. The revised measures aim to improve tax compliance and strengthen the documentation of the economy by discouraging delays in filing income tax returns.

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