“FBR asked from banks to Provide details of those who have deposited and withdrawn money in banks
The Federal Bureau of Revenue (FBR) has sought details of depositors of Rs 10 million per month from banks, while details of those withdrawing Rs 1 million per month under the Finance Act 2020 have also been sought.
According to the details, the FBR has issued draft rules under the Finance Act 2020, under which the banks have been asked to provide information on all persons who have deposited Rs 10 million in their accounts within a month or through credit cards. He has paid Rs. 2 lakh per month.
Similarly, the details of those account holders who have withdrawn Rs 1 million in a month will also be provided to the FBR.
Other details of the said account holders sought by the FBR from the banks include CNIC, NICOP, Passport Number, NTN, Name, Title Account, Residence / Non-Residence, Address, Telephone. Includes number, account opening date, account number (IBAN), amount deposited or withdrawn in a month, amount of tax deduction, occupation, business, etc.