FBR to Freeze Non-taxpayers’ Bank Accounts Without Warning
Islamabad: The Federal Board of Revenue (FBR) has reportedly announced that it will block the bank accounts of non-taxpayers without prior notice.
FBR provides the most latest information on tax revenue and number of taxpayers.
According to the study, Section 48 of the Sales Tax Act of 1990 and Section 140 of the Income Tax Ordinance of 2001 required the FBR to provide a 24-hour notice to non-taxpayers before freezing their accounts.
According to recent developments, the FBR would instead block accounts to collect tax payments and will not employ the early warning system. Shabbar Zaidi, the previous Chairman of the FBR, developed the early warning system in order to boost taxpayers’ confidence in the system.
Read: The Most Affordable Housing Projects in Islamabad 2022 (Updated)
It was important to notify the FBR chairman in advance and promptly notify taxpayers of the freezing of their accounts.
Under the new guidelines, FBR field units will be authorised to freeze accounts without notifying the taxpayer or the chairman. On the other hand, the business community is frightened by the current situation.
Follow Al Sadat Marketing News for more updates!
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005
