FBR can obtain information of exempt income

FBR can obtain information of exempt income

Section 180 of Income Tax Ordinance, 2001 has explain that FBR can obtain information of exempt income.

The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021.

Following is the text of Section 180 of Income Tax Ordinance, 2001:

180. Power to collect information regarding exempt income.— The Board may, by notification in the official Gazette, authorise any department or agency of the Government to collect and compile any data in respect of incomes from industrial and commercial undertakings exempt from tax under this Ordinance.

(Disclaimer: The text of the above section is only for information. Team PkRevenue.com makes all efforts to provide the correct version of the text. However, the team PkRevenue.com is not responsible for any error or omission.)

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