FBR to scrutinise bank accounts above Rs500,000 deposits

[Siasi Jasoos]

ISLAMABAD – In its latest move to catch tax evaders, the Federal Board of Revenue (FBR) has dispatched letters to commissioners for collecting information about wealthy tax evaders.

Specifically, the data of account holders with deposits of Rs500,000 or more [in their bank accounts] will be examined, and a stern action will be taken against those account holders who have not filed their tax returns despite of having the same amount in their accounts.

Moreover, an investigation will be done if any account holder is found to have Rs500,000 or more in their accounts for a period of one year.

Besides, electricity distribution companies are asked to provide data of industrial and commercial consumers.

Information about all owner/tenants living in two-kanal or bigger houses will be obtained and the data of individuals owing luxury vehicles of 2,400CC or more, and travelling abroad at least three times a year will also be scrutinised.

http://dunyanews.tv/en/Business/495099/ISPOILER]

 

[Will_Bite]

In all fairness, 500,000 is pocket change

 

[Ali.Pakistani]

پانچ لاکھ تو اس فورم کے کئی ممبرز کے اکاؤنٹس میں ہوں گے​

 

[Will_Bite]

پانچ لاکھ تو اس فورم کے کئی ممبرز کے اکاؤنٹس میں ہوں گے​

Not to mention, it's below the taxable bracket

 

[Hussain1967]

It should have been Rs. 5 millions or more. You will find plenty of such people. Questioning the people for having mere Rs.5 lacs in their accounts doesn’t seem a wise more. Actually, my objection is with corrupt FBR officials who will take this opportunity to make some money from middle- class people. Unless FBR is not reformed all these measures will bear little fruit.

 

[Islamabadiya]

Again stupid steps, fuelling uncertainty, lack of clear concrete and deliverable result oriented steps

Bullshit keeps going

 

[Islamabadiya]

Log pehlay he cash lockers main rakhtay hain and now this, they all r just uslesss bunch of people

Are there no talented people at all left in this country?

 

[Ali raza babar]

These idiotic moves are pushing Pakistan towards a Financial Doom.
What Brains are doing this ?
This is Totally Pathetic.

 

[kakamuna420]

پانچ لاکھ تو اس فورم کے کئی ممبرز کے اکاؤنٹس میں ہوں گے​

pocket main hongay na

 

[jigrot]

Pakistan jaisay mulk main 5 lakh kafee amount hay

 

[rasheikh]

they should start from 5caroo than 50 lac, to catch the BIG Fishes whatever they will get from 5lac owners'
BAD Decision and It will take time Govt will be handed over to next Govt

 

[Humi]

what on earth? That is a rather small amount. ?