{"id":69089,"date":"2020-08-10T17:19:21","date_gmt":"2020-08-10T12:19:21","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=69089"},"modified":"2020-08-10T17:19:22","modified_gmt":"2020-08-10T12:19:22","slug":"fbr-amends-income-tax-rules-obtain-account-holders-information","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-amends-income-tax-rules-obtain-account-holders-information.html","title":{"rendered":"FBR amends Income Tax Rules to obtain account holders\u2019 information"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) on Friday issued draft amendments for the Income Tax Rules 2002 to obtain information of bank account holders of resident or non-resident status, a news source reported.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-abolish-withholding-taxes-phase-wise-manner.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR to abolish withholding taxes in phase-wise manner<\/a><\/p>\n\n\n\n<p>FBR plans to seek information from banks of account holders having deposited PKR 10 million or more during a month, made a monthly credit card payment of PKR 200,000 or more, or earned profit on debt. The board also wants to obtain particulars of account holders who have withdrawn PKR 1 million or more within a month\u2019s time.<\/p>\n\n\n\n<p>Furthermore, FBR has asked banks to provide the following information on account holders falling within the said categories:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Title of account<\/li><li>Account opening date<\/li><li>Account number (IBAN)<\/li><li>Profession\/business\/occupation of the account holder<\/li><li>CNIC<\/li><li>NICOP<\/li><li>Passport number<\/li><li>NTN, name<\/li><li>Resident\/non-resident status<\/li><li>Address<\/li><li>Telephone number<\/li><li>Amount deposited in a month or amount of cash withdrawal during a month<\/li><li>Amount of tax deducted<\/li><\/ul>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/tax-base-expansion-fbr-shares-cnics-unregistered-persons-nadra.html\" target=\"_blank\" rel=\"noreferrer noopener\">Tax Base Expansion: FBR shares CNICs of unregistered persons with NADRA<\/a><\/p>\n\n\n\n<p>The taxation agency also requires banks to provide deposit, credit card payment, cash withdrawal, and profit on debt statements of the account holders, along with any other details the board may need.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) on Friday issued draft amendments for the Income Tax Rules 2002 to obtain information of bank account holders of resident or non-resident status, a news source reported. Read: FBR to abolish withholding taxes in phase-wise manner FBR plans to seek information from banks of account holders having deposited PKR 10 million or more during a month, made a monthly credit card payment of PKR 200,000 or more, or earned profit on debt. The board also wants to obtain particulars of account holders who have withdrawn PKR 1 million or more within a month\u2019s time. Furthermore, FBR has asked banks to provide the following information on account holders falling within the said categories: Title of account Account opening date Account number (IBAN) Profession\/business\/occupation of the account holder CNIC NICOP Passport number NTN, name Resident\/non-resident status Address Telephone number Amount deposited in a month or amount of cash withdrawal during a month Amount of tax deducted Read: Tax Base Expansion: FBR shares CNICs of unregistered persons with NADRA The taxation agency also requires banks to provide deposit, credit card payment, cash withdrawal, and profit on debt statements of the account holders, along with any other&hellip;<\/p>\n","protected":false},"author":68,"featured_media":59990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[36720],"persona":[],"class_list":{"0":"post-69089","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-details-on-fbr-amends-income-tax-rules-to-obtain-account-holders-information","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amendments for information of bank account holders - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR on Friday issued draft amendments for the Income Tax Rules 2002 to obtain information on bank account holders of resident or non-resident status.\" \/>\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-amends-income-tax-rules-obtain-account-holders-information.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amendments for information of bank account holders - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR on Friday issued draft amendments for the Income Tax Rules 2002 to obtain information on bank account holders of resident or non-resident status.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-amends-income-tax-rules-obtain-account-holders-information.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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