FBR to continue crackdown against tax evaders
KARACHI: The Federal Board of Revenue (FBR) has arrested 10 people for causing 6 billion loss to the national exchequer.
Chief Commissioner Land Revenue Dr Khalid Malik said that crackdown will continue against those who evade sales by making fake invoices and evading taxes.
Since July 2023 sales tax evasion in Hyderabad region, 100 million have been collected by arresting 10 people involved in it while work on more cases is going on.
He said that the owners of some companies create fake companies to make transactions and show false figures of cost in the manufacturing of products in the lure of higher profits, which causes a loss of billions of rupees to the national exchequer. He said FBR will deal such people with strictly.
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Earlier, Federal Board of Revenue (FBR) has extended the last date for filing income tax returns till October 31.
According to the FBR, the extension was made in view of the request of trade unions and tax bar associations and bank holidays.
The FBR said the extension of the date for submission of returns was made under Section 214-A of the Income Tax Ordinance 2001.