Health
NA bill seeks to tighten noose around non-filers
字号+ Author:Smart News Source:Travel 2025-01-11 20:02:04 I want to comment(0)
ISLAMABAD: Finance Minister Muhammad Aurangzeb tabled a bill in the National Assembly to bar non-filers from purchasing cars above 800cc and opening bank accounts among other restrictions. The amendment titled The Tax Laws (Amendment) Bill, 2024 aims at amending tax laws, proposing that non-filers will not be allowed to buy property beyond a certain limit. The amendment also proposed that non-filers will be banned from purchasing shares above a certain limit and won't be allowed to open a bank account. According to the bill, non-filers will not be able to make transactions through a bank beyond a certain limit. However, they will be allowed to buy motorcycles, rickshaws and tractors. Moreover, bank accounts of the non-registered business persons will be frozen and they will be banned from transferring property. The amendment also proposed that the government will be authorised to seal the property and business of non-filers. The legislation also proposed that the accounts of those persons, who are in the list of Federal Board of Revenue (FBR), will be frozen. Under the proposed amendments, FBR will also be able to freeze bank account(s) and bar property transfer over failure to register with the top collection body for filing sales tax returns. However, their accounts will be unfrozen two days after the registration. The bill said restrictions will come into effect following the approval of the federal government. Additionally, the House also witnessed the presentation of a report by the Standing Committee on the National Commission on the Status of Women (Amendment) Bill, 2024, which seeks to amend the National Commission on the Status of Women Act, 2012. The report was presented in the House by Chaudhary Mahmood Bashir Virk.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
پاکستان کے چیمپئنز ٹرافی اسکواڈ میں کون شامل ہونے کی توقع ہے؟
2025-01-11 19:02
-
Cristiano Ronaldo lambasts Ballon d'Or over Vinicius Jr snub
2025-01-11 18:43
-
What does Ronaldo say on 'GOAT' debate with Messi?
2025-01-11 18:33
-
Newcastle's Isak, Joelinton leave Manchester United with 4th consecutive loss
2025-01-11 18:31
User Reviews
Recommended Reads
Hot Information
- بھارت کی چیمپئنز ٹرافی کی مانگ سے کرکٹ کی سالمیت کو نقصان پہنچا
- Australia take seven wickets after tea to beat India in Melbourne
- After historic ODI victory, Pakistan set for South Africa Tests challenge
- Preparations in full swing as runners look forward to Karachi Marathon
- پاکستان کی جانب سے تیز گیند بازوں کی مدد سے جنوبی افریقہ کے 148 رنز کے تعاقب میں تین وکٹیں گرنے کے بعد پاکستان نے کنٹرول حاصل کرلیا۔
- Rohit Sharma supports Virat Kohli to tackle off-stump problems
- Australia drop Marsh, hand Webster debut for fifth India Test
- First Test: Markram fights back as South Africa lose three after Pakistan's 211
- آئی سی سی نے چیمپئنز ٹرافی 2025 کے میچوں اور گروپس کا اعلان کردیا
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content