National Assembly Standing Committee on Finance which met under the chair of MNA Syed Naveed Qamar has decided to set up a sub-committee to examine the issue of eligibility of tax filers, reported 24NewsHDTV channel.
The sub-committee will review the limit of investment in real estate and eligibility criteria for the filers and submit its recommendations within ten days.
During the meeting, Federal Bureau of Revenue (FBR) Chairman Arshad Mehmood Langrial told the participants that under the new law, amendments have been made based on the eligibility of the tax return filer and eligible taxpayer can add the name of his wife, unmarried daughter and son below 25 years of age in his tax returns.
Rashid Mahmood said that under the new law, the buyers of 5 to 10 marla houses are not being banned. Earlier on December 26, the Senate Standing Committee on Finance approved the Tax Laws Amendment Bill, 2024.
FBR chairman said under new legislation non-filers were barred from buying big vehicles, property, bungalows, opening of bank accounts and purchase of shares.
FBR chairman had claimed that 95 percent of the citizens will not be affected by the amendments in tax laws and NA standing committee had asked tax auditors and experts to keep taxpayers' data confidential while only eligible filers were allowed to buy big cars, open bank accounts and buy shares.