Sunday, 21 July 2019, 02:23:20 pm
Date for Assets Declaration Scheme will not be extended: FBR
June 13, 2019

Federal Bureau of Revenue has said the closing date for Assets Declaration Scheme is 30th of this month and it will not be extended.

In a statement on Thursday, it advised to the persons intending to avail this scheme to ensure that the reliable data relating to undeclared and undisclosed assets and expenditure is available with FBR.

The bureau said it is advised that the concessions and benefits laid down in the Scheme be availed.

It said, in the Finance Bill 2019, it has been further reassured that no proceedings will be initiated against persons who declare their assets under the Assets Declaration Scheme and complete confidentiality shall be maintained with respect to assets declared in this Scheme.