The Federal Board of Revenue (FBR) has introduced a new data integration system in its maloomat section, which includes new heads such as "bank deposit" and "profit on debt."
This is part of the one window operation integration project, which will integrate all advance tax, withholding tax, POS transactions, credit card transactions, international travel, and other information into the FBR information server. Any mismatch in the return from the FBR's data will lead to an auto-generated notice.
This integration is expected to roll out in small chunks and will take some time to complete. However, the linkage has already been established.
