FBR Action on Non-Filers: Banks Share Credit Card Info, Tax Deadline October 15
FBR Tightens Scrutiny on Non-Filers Using Credit Cards, Over 200,000 Credit Card Users Identified as Potential Non-Filers. Banks across the country are sharing credit card data with FBR to verify actual income, and taxpayers must now include all credit card shopping details in their returns. SMS alerts and notices are being sent to defaulters, with legal action planned for those who ignore obligations. Credit card spending will be used to assess real income, including online businesses and large digital payments, and all bank transactions must be reported accurately. File your income tax return by October 15, as no further extension will be granted.