Tax Book 2023

Offences and Prosecutions Chapter- 24

234, 234A, 235, 236 and 236A

16. Any person who fails to display
    NTN or business licence Certificate
    at the place of business as required
    under this Ordinance or the rules
    made there under.

Such person shall pay a penalty of

Rs. 5,000

181C 7 181D

17. Any reporting financial institution or
    reporting entity who fails to furnish
    information or country-by-country
    report to the Board as required
    under section 107, 108 or 165B
    within the due date.

Such reporting financial institution or

reporting entity shall pay a penalty of

Rs. 2,000 for each day of default

subject to a minimum penalty of Rs.

25,000.

107, 108

and 165B

18. (^) Any person who fails to keep and
    maintain document and information
    required under section 108 or
    Income Tax Rules, 2002.
    1% of the value of transaction, the
    record of which is required to be
    maintained under section 108 and
    Income Tax Rules, 2002.

108

19. 
    

    (^) Where any manufacturer of a motor
    vehicle accepts or processes any
    application for booking or purchase
    of a locally manufactured motor
    vehicle in violation of the provisions
    of clause (a) of section 227C
    Omitted 227C

    
    


20. 
    

    i. Where any registering authority
    of Excise and Taxation
    Department accepts,
    processes or registers any
    application for registration of
    a locally manufactured
    motor vehicle or for the first
    registration of an imported
    vehicle in violation of the
    provisions of clause (a) of
    section 227C
    ii. Where any authority
    responsible for registering,
    recording or attesting the
    transfer of immovable
    property accepts or
    processes the registration or
    attestation of such property
    in violation of the provisions
    of clause (b) of section
    227C

    
    

Omitted 227C

21.

Any person who purchases

immovable property having fair

market value greater than rupees

five million through cash or bearer

cheque

Such person shall pay a penalty of

5% of the value of property

determined by the Board under sub

section (4) of section 68 or by the

provincial authority for the purposes

of stamp duty, whichever is higher.

75A

22. Where an offshore tax evader is
    involved in offshore tax evasion in

Such person shall pay a penalty of

Rs. 100,000 or an amount equal to

General