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s. 192B

Prosecution for concealment of and offshore assets

Procedure

(1) Any person who fails to declare an offshore asset to the Commissioner or furnished inaccurate particulars of an offshore asset and revenue impact of such concealment or furnishing of inaccurate particulars is ten million rupees or more shall commit an offence punishable on conviction with imprisonment up to three years or with a fine up to five hundred thousand Rupees or both.
Amendment history (4)
  • Inserted by the Finance Act, 2009.
  • New sub section 192B inserted through Finance Act, 2019.
  • Inserted by the Finance Act, 2008.
  • The word “Card” substituted by the Finance Act, 2005.

Amendment notes captured from the source page(s); they may include changes to neighbouring provisions.

Source FBR PDF page 415

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.