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6
Thoroughly verified in case of lending
Must do: NBR
The National Board of Revenue has directed the banks to check the income tax reports of the traders. It also warned that the bank would be held responsible if any discrepancies were found in the returns submitted to the NBR with the bank's annual financial report. And so the bankers say, such a decision will increase the pressure on the bank's activities.
When taking a loan from a bank, many businessmen show their assets and income in their annual reports. However, when paying income tax and VAT, those traders show it less.