ISLAMABAD: The Federal Bureau of Income (FBR) on Monday clarified that it had not issued any directions about freezing of financial institution accounts held by non-filers of earnings tax returns.
To allay the misunderstanding stirred by a section of print media, the FBR clarified that Revenue Tax Regulation didn’t limit banking transactions from financial institution accounts held by any individual whether or not filer or non-filer.
This must be famous that the final authorities had proposed within the price range that the non-filers won’t be able to purchase property and autos from fiscal yr 2018-19, ranging from July, which, it stated, is geared toward broadening its tax base.
Later, a parliamentary panel really helpful enjoyable restrictions by way of permitting the non-filers of the earnings tax returns to purchase or import vehicles of as much as 1,000 cc.
It had advisable that the non-filers must also be allowed to buy residential properties or plots as much as 10 marla or 302.5 sq. yards.