Insertion of Section 114B in the Ordinance
Insertion of Section 114B in the Ordinance: Broadening of the tax base is the highest priority of the Board and paramount to increase the revenue. To augment the existing measures to broaden the tax net and to increase the number of return filers, a new section 114B has been inserted which empowers the Board to issue Income Tax.
General Order in respect of persons who are not appearing on ATL but are liable to file return under the provisions of the Ordinance. Board is also powered to discontinue the use of Mobile Phone connections, electricity connections and gas connections of the non-filers.
Board or the concerned Commissioner are also empowered to issue orders to restore above discontinued connections in cases where the return has been filed or the person was not required to file return of income. Before inclusion of any person in the general order, following conditions are required to be met:
(i) Notice under sub-section (4) of section 114 has been issued;
(ii) Date of compliance of the notice under sub-section (4) of section 114 has lapsed; and
(iii) Tax return has not been filed
For more information on FBR’s new regulations / circulars/ SROs/ amendments in taxation laws in Pakistan please visit https://www.fbr.gov.pk/