Banks provide statements of account holders to tax authorities

ISLAMABAD: Banking companies are required to provide statements of deposits and withdrawals of account holders to Federal Board of Revenue (FBR) under income tax laws. The banking companies are required to provide certain information of account holders to the FBR, according to Income Tax Rules, 2002 (updated up to September 08, 2020). The information includes … Continue reading Banks provide statements of account holders to tax authorities