Jul 7

Immovable property cannot be purchased without bank account: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has barred purchase of immovable property by any persons making payment without banking channels. FBR sources told PkRevenue.com that in this regard amendment had been made to Income Tax Ordinance, 2001 in this regard. The sources said that amendment had been made to Income Tax Ordinance, 2001 which explained […]

by Mrs. Anjum Shahnawaz

FBR freezes 4,000 bank accounts for arrears recovery

Mar 27

Taxation

FBR freezes 4,000 bank accounts for arrears recovery

KARACHI: Federal Board of Revenue (FBR) has frozen around 4,000 bank accounts of tax defaulters in a major crackdown, according to media reports on Tuesday. These bank accounts have been attached during last three months to recover outstanding amount from tax defaulters. In the major action against tax defaulters the FBR recovered around Rs8.2 billion […]

by Faisal Shahnawaz