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Faisalabad BTB sends notices to 1500 tax evaders

Faisalabad BTB sends notices to 1500 tax evaders

FAISALABAD: The Regional Tax Office Faisalabad of Broadening of Tax Base BTB Zone Commissioner Muhammad Saleem has sent nearly 1500 notices to potential tax evaders whose income is taxable but avoiding filing Income tax returns despite several notices issued to them.

According to sources the BTB operations wing Commissioner issued notices to 1500 non Filers who purchased precious lands drew heavy amounts from banks received insurance claims and owned vehicles above 1000 C-C and above or received a rent of Rs 10 million or more per annum.

The FBR official sources said that the potential taxpayers were asked earlier to file their income tax returns under section 114 (4) of the Income Tax Ordinance 2001 but they failed to do so. They added that the potential taxpayers were issued show cause notice against the non compliance of notice issued under Section 114.

From these 1500 identified cases. The BTB has sent notices of demands as a further action asking the taxpayers to pay their taxes under section 137(2) of the Income Tax Ordinance 2001.

The BTB Faisalabad Zone urged the taxpayers to pay their due taxes in time to avoid additional tax of percent as a penalty every year under section 182 of the Income Tax Ordinance. Otherwise their properties and movable assets would be attached to recover the tax payments.

Last month the FBR chairman during visits at Faisalabad RTO said that the government wanted to increase tax returns to a reasonable level.