The Federal Board of Revenue (FBR) has issued notices to over 2,000 people who declared receiving expensive gifts in their wealth statements in the last fiscal year 2015 to 2016.
According to FRB sources out of out of these, three people received gifts of Rs. 1 billion or more, eight received gifts between Rs. 500 million and Rs. 1 billion or more, 97 received gifts between Rs. 100 million and Rs. 200 million and 280 people received gifts between Rs. 50 million and Rs. 100 million.
FRB sources also added that over 2,000 people received gifts between Rs. 10 million and Rs. 50 million in the outgoing fiscal year.
FBR officials are in the view that these gifts could have been used to launder money and evade taxes.
