Powers to Enforce Filing of Returns Section 114
Powers to Enforce Filing of Returns Section 114: Finance Act, 2024 — Explanation regarding Important Amendments made in the Income Tax Ordinance, 2001
Important amendments made in Income Tax Ordinance, 2001 (“the Ordinance”) through Finance Act, 2024 are explained in the subsequent paragraphs.
Powers to Enforce Filing of Returns Section 114
Where a person fails to file return even in response to notice issued under sub-section (4) of section 114 for filing of return, the Board has the power to issue income tax general order in respect of such persons. Prior to the Finance Act, 2024, issuance of income tax general order against such persons entailed disabling of their mobile phones or mobile phone SIMS or discontinuation of electricity or gas connections.
Through Finance Act, 2024, such persons whose names are included in the income tax general order i.e. persons, to whom notice for filing of return was issued and they still failed to file their return of income, will face restriction on foreign travel from Pakistan.
This restriction shall apply to a citizen of Pakistan but shall not apply to a person holding National Identity Card for Overseas Pakistanis [NICOP], minors, students, persons proceeding abroad for Hajj or Umrah and such other classes of persons as notified by the Board.
Read full text of Explanation of Finance Act, 2024 Amendments made in the Income Tax Ordinance, 2001 for more updates on taxes from FBR click here.
