ISLAMABAD: Notification of amendments to the Income Tax Ordinance 2001 has been issued.
According to the notification, tax evaders will be arrested, while the tax evasion will be determined through third party procedures.
The notification said that provision of business bank account was required to document the economy.
Legal action would be taken against those, who did not provide business bank accounts and taxpayer would be responsible for declaring business bank account from which country the goods were imported.
The master bill will have to be provided there, clearing agent license will also be required for recovery of goods from cargo.