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National

February 22, 2015

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FBR issues notices to tax evaders

ISLAMABAD: The Federal Board of Revenue (FBR) has started issuing show cause notices to those persons who have showed less prices of the property at the time of purchase across the country.
Most of the notices have been issued to the buyers of plots, flats, houses and plazas in Karachi, Lahore, Islamabad, Faisalabad, Multan and Gujranwal whose number has touched over 50,000.
Inland Revenue Director General Intelligence and Investigation Haroon Tarin said that tax of billion of rupees, which was evaded, was being deposited in national exchequer due to these notices.
FBR Chairman Tariq Bajwa has approved action to make corrupt officials an example for others who inflicted billions of rupees loss to national exchequer.
Director general intelligence and investigation (Inland Revenue) has submitted a report to the FBR chairman which contains lists of the cases of those who showed less prices of the property at the time of purchase and did not pay taxes according to its legal value. Millions of rupees of Capital Value Tax and Income Tax were also not paid in this regard.
The cases were lodged against Naveed, Moeez, Khurram, Sheraz, Amjad, Sarmad, Sajida, Riaz, Hameedullah, Ali, Masood, Tariq, Babar, Anjum.

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