{"id":70914,"date":"2020-09-26T10:00:00","date_gmt":"2020-09-26T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70914"},"modified":"2020-09-25T17:35:12","modified_gmt":"2020-09-25T12:35:12","slug":"accord-reached-between-fbr-pba-for-sharing-depositors-data","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/accord-reached-between-fbr-pba-for-sharing-depositors-data.html","title":{"rendered":"Accord reached between FBR, PBA for sharing depositors&#8217; data"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) and the Pakistan Banking Association (PBA) have reached an accord regarding modalities for sharing the data of money depositors, according to a news source published on September 25.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/tax-directory-analysis-2018-fbr-shares-details-on-revenue-collected-from-markets-in-major-cities.html\" target=\"_blank\" rel=\"noreferrer noopener\">Tax Directory Analysis 2018: FBR shares details on revenue collected from markets in major cities<\/a><\/p>\n\n\n\n<p>Reportedly, the FBR stated that its long-standing issues with the PBA had now been resolved. The two organisations have agreed on sharing data as per the modalities defined in Section 165 and 165A of the Income Tax Ordinance, 2001. Under the aforementioned regulations, the banks are expected to report deposits, cash withdrawals, credit card payments, profit on debt, and other related details of depositors to the FBR.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-invites-third-parties-to-provide-tax-electronic-filing-tax-returns-services.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR invites third parties to provide tax e-filing services<\/a><\/p>\n\n\n\n<p>Additionally, an online interface will be provided to the banks by the authorities, through which the banks will be able to share the required information with the FBR in real-time. The depositors\u2019 <a href=\"https:\/\/www.zameen.com\/news\/fbr-shares-procedure-of-financial-information-to-be-shared-by-banks.html\" target=\"_blank\" rel=\"noreferrer noopener\">data<\/a> will be shared with the FBR by using an interim IT solution, starting from September 18.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) and the Pakistan Banking Association (PBA) have reached an accord regarding modalities for sharing the data of money depositors, according to a news source published on September 25. Read: Tax Directory Analysis 2018: FBR shares details on revenue collected from markets in major cities Reportedly, the FBR stated that its long-standing issues with the PBA had now been resolved. The two organisations have agreed on sharing data as per the modalities defined in Section 165 and 165A of the Income Tax Ordinance, 2001. Under the aforementioned regulations, the banks are expected to report deposits, cash withdrawals, credit card payments, profit on debt, and other related details of depositors to the FBR. Read: FBR invites third parties to provide tax e-filing services Additionally, an online interface will be provided to the banks by the authorities, through which the banks will be able to share the required information with the FBR in real-time. The depositors\u2019 data will be shared with the FBR by using an interim IT solution, starting from September 18.<\/p>\n","protected":false},"author":75,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[40360,19230,40359],"persona":[],"class_list":{"0":"post-70914","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-depositors-data","9":"tag-federal-board-of-revenue-fbr","10":"tag-pakistan-banking-association-pba","11":"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>Accord reached with PBA for sharing depositors&#039; data: FBR- Zameen News<\/title>\n<meta name=\"description\" content=\"The two organisations have agreed on sharing depositors&#039; data as per the modalities defined in Section 165 and 165A of the Income Tax Ordinance\" \/>\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\/accord-reached-between-fbr-pba-for-sharing-depositors-data.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accord reached with PBA for sharing depositors&#039; data: FBR- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The two organisations have agreed on sharing depositors&#039; data as per the modalities defined in Section 165 and 165A of the Income Tax Ordinance\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/accord-reached-between-fbr-pba-for-sharing-depositors-data.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=\"2020-09-26T05:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.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=\"Hazafa Hasan\" \/>\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=\"Hazafa Hasan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Accord reached with PBA for sharing depositors' data: FBR- Zameen News","description":"The two organisations have agreed on sharing depositors' data as per the modalities defined in Section 165 and 165A of the Income Tax Ordinance","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\/accord-reached-between-fbr-pba-for-sharing-depositors-data.html","og_locale":"en_US","og_type":"article","og_title":"Accord reached with PBA for sharing depositors' data: FBR- Zameen News","og_description":"The two organisations have agreed on sharing depositors' data as per the modalities defined in Section 165 and 165A of the Income Tax Ordinance","og_url":"https:\/\/www.zameen.com\/news\/accord-reached-between-fbr-pba-for-sharing-depositors-data.html","og_site_name":"Pakistan Real Estate News &amp; 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