FBR Setsup Three Benami Zones To Deal With Unknown Accounts

FBR setsup three Benami Zones to deal with unknown accounts

Federal Board of Revenue has established three Benami Zones at Karachi, Lahore and Islamabad for enforcement of Benami Transaction (Prohibition) Act, 2017

Islamabad (Pakistan Point News / Online - 04th April, 2019) Federal board of Revenue has established three Benami Zones at Karachi, Lahore and Islamabad for enforcement of Benami Transaction (Prohibition) Act, 2017.After examination of available information FBR Benami Zones Karachi and Lahore have issued show cause notices in 06 cases of Companies holding shares & immovable properties as Benamidar.Attachment and confiscation shall be concluded after completion of legal formalities.Criminal proceedings under chapter-VIII are also likely to be initiated in these cases.