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FBR attaches bank accounts of M/s Royal Palm County Club

FBR attaches bank accounts of M/s Royal Palm County Club

LAHORE: The Federal Board of Revenue has freeze bank accounts of a renowned Royal Palm Golf and County Club. FBR has also recovered Rs53,000 from bank accounts of Royal Palm.

According to the sources of Customs Today, FBR has attached bank accounts of Royal Palm Golf and Country Club in United Bank Sundar Das Road recovered Rs53000 as well in the wake of income tax.

Royal Palm County Club was defaulter of income tax for the year of 2014 and Rs30 million were evaded in terms of income tax.

On other hand the Federal Board of Revenue has issued final notice to number of famous and costly fashion designers.

According to details the Federal Board of Revenue has served notices to many fashion brands to pay their due tax within 15 days otherwise strict action will be taken against the fashion brands.

FBR has also recovered Rs4 million from the bank account of the M/s RT Max. FBR sources said the M/s RT Max had been a defaulter of Rs10million. Cloth manufacturing company M/s RT Max has not a good record for tax deposit.

The FBR had already confiscated all the sales and manufacturing record of the company. The M/s RT Max is a defaulter of Rs10million as it didn’t pay the sales tax of the year 2016.