Gift Not Declared by Donor | Legal Implications under Income Tax Ordinance Pakistan

Описание: In this video, Khalid Iqbal (Tax Consultant, Dawars Associates) explains what happens when a donor doesn’t declare a gift under the Income Tax Ordinance, 2001 (Pakistan).
We discuss:

Legal definition of a gift

Donor vs Donee responsibilities

What if donor forgot to show the gift in wealth statement

Risk of FBR treating it as unexplained income under Section 111

How to fix undeclared gifts through revised returns

🔹 Previous Video: [Understanding Gift Exemption in Pakistan – Myths vs Legal Reality]
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