{"id":53210,"date":"2019-07-04T12:50:27","date_gmt":"2019-07-04T07:50:27","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=53210"},"modified":"2019-07-04T12:55:07","modified_gmt":"2019-07-04T07:55:07","slug":"fbr-launches-operation-against-benami-properties","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-launches-operation-against-benami-properties.html","title":{"rendered":"FBR launches operation against benami properties"},"content":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has begun an operation against Benami property holders \u2013 a news source reported.<\/p>\n<p>Read: <a class=\"row-title\" href=\"https:\/\/www.zameen.com\/news\/salient-features-of-benami-act-revealed.html\" target=\"_blank\" rel=\"noopener noreferrer\">Salient features of Benami Act revealed<\/a><\/p>\n<p>The board has provisionally attached 14 \u2018benami properties\u2019 worth billions of rupees that it suspects are owned by a number of influential people.<\/p>\n<p>Read: <a class=\"row-title\" href=\"https:\/\/www.zameen.com\/news\/fbr-initiate-action-against-tax-evaders-following-amnesty-scheme-deadline.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR to initiate action against tax evaders following amnesty scheme deadline<\/a><\/p>\n<p>The orders for attachment were passed by the Benami Transaction (Prohibition) Zone-I Islamabad and Benami Zone-III Karachi. The properties have been attached for a period of three months and during this time, all the parties will have time to explain their positions before an <a href=\"https:\/\/www.zameen.com\/news\/benami-accounts-adjudicating-authority-established.html\" target=\"_blank\" rel=\"noopener noreferrer\">adjudicating authority<\/a>.<\/p>\n<p>In case it is proven that these are, indeed, benami properties, the government will have the right to confiscate these properties and the culprits can face up to seven years of rigorous imprisonment, apart from a fine equalling 25% of the fair market value of the property.<\/p>\n<p>Read:\u00a0<a class=\"row-title\" href=\"https:\/\/www.zameen.com\/news\/fbr-requests-funds-to-take-action-against-benami-properties.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR requests funds to take action against benami properties<\/a><\/p>\n<p>Six properties have been targeted by the Islamabad Zone, while the Karachi Zone has eight of these properties in sight.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has begun an operation against Benami property holders \u2013 a news source reported. Read: Salient features of Benami Act revealed The board has provisionally attached 14 \u2018benami properties\u2019 worth billions of rupees that it suspects are owned by a number of influential people. Read: FBR to initiate action against tax evaders following amnesty scheme deadline The orders for attachment were passed by the Benami Transaction (Prohibition) Zone-I Islamabad and Benami Zone-III Karachi. The properties have been attached for a period of three months and during this time, all the parties will have time to explain their positions before an adjudicating authority. In case it is proven that these are, indeed, benami properties, the government will have the right to confiscate these properties and the culprits can face up to seven years of rigorous imprisonment, apart from a fine equalling 25% of the fair market value of the property. Read:\u00a0FBR requests funds to take action against benami properties Six properties have been targeted by the Islamabad Zone, while the Karachi Zone has eight of these properties in sight.<\/p>\n","protected":false},"author":18,"featured_media":26795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12093],"persona":[],"class_list":["post-53210","post","type-post","status-publish","format-standard","has-post-thumbnail","tag-fbr-launches-operation-against-benami-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR launches operation against benami properties - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has begun an operation against Benami property holders \u2013 a news source reported. Read: Salient features of\" \/>\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-launches-operation-against-benami-properties.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR launches operation against benami properties - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has begun an operation against Benami property holders \u2013 a news source reported. 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