Health
NA bill seeks to tighten noose around non-filers
字号+ Author:Smart News Source:US 2025-01-15 14:12:07 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
-
Gold prices decrease by Rs800 per tola in Pakistan
2025-01-15 13:58
-
How Kremlin disinformation could hide the cause of the Azerbaijan Airlines crash
2025-01-15 13:07
-
Thousands of liters of chemicals dumped into Brazilian river during deadly bridge collapse
2025-01-15 11:55
-
How Kremlin disinformation could hide the cause of the Azerbaijan Airlines crash
2025-01-15 11:30
User Reviews
Recommended Reads
Hot Information
- OGRA reduces LNG prices
- Russian cargo ship sinks in Mediterranean after engine room explosion, Moscow says
- Thousands of liters of chemicals dumped into Brazilian river during deadly bridge collapse
- Azerbaijan Airlines plane crashes in Kazakhstan, leaving 38 dead, 29 survivors, officials say
- Petrol, Diesel prices to go up again in Pakistan from Jan 16 as global oil rates soar
- Azerbaijan Airlines says plane crashed after ‘external interference’ as questions mount over possible Russian involvement
- At least one killed and several embassies damaged in ‘barbaric’ Russian missile barrage on Kyiv, Ukraine says
- ‘Ordinary people with shovels’: Volunteers cleaning Black Sea oil spill ask Putin for help
- Two International NGOs shut down in Pakistan for illegal activities
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content