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Business bank account
(1) Every taxpayer shall declare to the Commissioner the bank account utilized by the taxpayer for business transactions.
(2) Business bank account shall be declared through original or modified registration form prescribed under section 181.
(2) Business bank account shall be declared through original or modified registration form prescribed under section 181.
Amendment history (4)
- Section 114A substituted by the Finance Act, 2021. The substituted section
- New section 114B added through Finance Act, 2022.
- The word “or” omitted by the Finance Act, 2024.
- Full stop substituted and clause (d) added by the Finance Act, 2024.
Amendment notes captured from the source page(s); they may include changes to neighbouring provisions.
Source FBR PDF page 230
Unofficial reference, compiled from the FBR’s consolidated Income Tax Ordinance 2001 (amended up to 30 June 2026). Provided for general information only — not an official FBR publication and not legal or tax advice. Always verify against the official FBR text before relying on it for filing or any decision.