{"id":101347,"date":"2025-02-12T12:27:13","date_gmt":"2025-02-12T07:27:13","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101347"},"modified":"2025-02-12T12:27:17","modified_gmt":"2025-02-12T07:27:17","slug":"fbr-scutinise-bank-transactions","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html","title":{"rendered":"FBR to monitor bank transactions exceeding declared income"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad: The Federal Board of Revenue (FBR) has announced plans to closely monitor bank transactions that exceed individuals\u2019 declared income to strengthen tax compliance and curb financial irregularities. The news has been reported in an article on February 12.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-issues-new-rules-property-values-khi.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR introduces age-based property valuation reductions in Karachi<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the details, the initiative led by FBR Chairman Malik Amjed Zubair Tiwana, aims to identify discrepancies between reported income and actual financial activity, ensuring greater transparency in the tax system. Under the new system, banks will play a pivotal role in identifying inconsistencies. The FBR will share taxpayer income and turnover data with financial institutions, using national identity card details as the primary identifier.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Banks will then be required to flag transactions that do not align with the income figures declared in individuals\u2019 wealth statements or tax returns.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The FBR\u2019s measures also extend to real estate transactions. While non-filers will be permitted to purchase property for the first time, taxpayers will be allowed to buy new properties for themselves or their families. However, all such transactions will undergo enhanced scrutiny, regardless of whether payments are made in cash or through equivalent assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-property-buying-ban-for-non-filers-put-on-hold.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR\u2019s property buying ban for non-filers put on hold<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The FBR\u2019s decision to monitor bank transactions and scrutinise real estate deals underscores its commitment to fostering a more transparent and compliant financial ecosystem. By leveraging data-sharing partnerships with banks and tightening oversight mechanisms, the authority aims to bridge gaps in the tax system and ensure that individuals and businesses fulfil their fiscal responsibilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has announced plans to closely monitor bank transactions that exceed individuals\u2019 declared income to strengthen tax compliance and curb financial irregularities. The news has been reported in an article on February 12. Read: FBR introduces age-based property valuation reductions in Karachi According to the details, the initiative led by FBR Chairman Malik Amjed Zubair Tiwana, aims to identify discrepancies between reported income and actual financial activity, ensuring greater transparency in the tax system. Under the new system, banks will play a pivotal role in identifying inconsistencies. The FBR will share taxpayer income and turnover data with financial institutions, using national identity card details as the primary identifier. Banks will then be required to flag transactions that do not align with the income figures declared in individuals\u2019 wealth statements or tax returns. The FBR\u2019s measures also extend to real estate transactions. While non-filers will be permitted to purchase property for the first time, taxpayers will be allowed to buy new properties for themselves or their families. However, all such transactions will undergo enhanced scrutiny, regardless of whether payments are made in cash or through equivalent assets. Read: FBR\u2019s property buying ban for non-filers put&hellip;<\/p>\n","protected":false},"author":88,"featured_media":99068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[54453,19230],"persona":[],"class_list":["post-101347","post","type-post","status-publish","format-standard","has-post-thumbnail","category-legal-taxation","tag-fbr-news-and-updates","tag-federal-board-of-revenue-fbr","cat-15015-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR to Scutinise Bank Transactions - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR to monitor bank transactions exceeding declared income to enhance tax compliance, curb irregularities. Reported Feb 12.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR to Scutinise Bank Transactions - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR to monitor bank transactions exceeding declared income to enhance tax compliance, curb irregularities. Reported Feb 12.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-12T07:27:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-12T07:27:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR to Scutinise Bank Transactions - Zameen News","description":"FBR to monitor bank transactions exceeding declared income to enhance tax compliance, curb irregularities. Reported Feb 12.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html","og_locale":"en_US","og_type":"article","og_title":"FBR to Scutinise Bank Transactions - Zameen News","og_description":"FBR to monitor bank transactions exceeding declared income to enhance tax compliance, curb irregularities. Reported Feb 12.","og_url":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2025-02-12T07:27:13+00:00","article_modified_time":"2025-02-12T07:27:17+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg","type":"image\/jpeg"}],"author":"Muhammad Zohaib Nasir","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Muhammad Zohaib Nasir","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html"},"author":{"name":"Muhammad Zohaib Nasir","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/3151a12b88809f78b4962fae945c74e6"},"headline":"FBR to monitor bank transactions exceeding declared income","datePublished":"2025-02-12T07:27:13+00:00","dateModified":"2025-02-12T07:27:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html"},"wordCount":266,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg","keywords":["FBR news and updates","Federal Board of Revenue (FBR)"],"articleSection":["Legal &amp; Taxation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html","url":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html","name":"FBR to Scutinise Bank Transactions - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg","datePublished":"2025-02-12T07:27:13+00:00","dateModified":"2025-02-12T07:27:17+00:00","description":"FBR to monitor bank transactions exceeding declared income to enhance tax compliance, curb irregularities. Reported Feb 12.","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-scutinise-bank-transactions.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FBR to monitor bank transactions exceeding declared income"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/3151a12b88809f78b4962fae945c74e6","name":"Muhammad Zohaib Nasir","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","caption":"Muhammad Zohaib Nasir"},"description":"As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.","url":"https:\/\/www.zameen.com\/news\/author\/zohaib-nasir"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/101347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=101347"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/101347\/revisions"}],"predecessor-version":[{"id":101348,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/101347\/revisions\/101348"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/99068"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=101347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=101347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=101347"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=101347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}