Monday , December 11 2017
Breaking News
Home / Lahore / FBR recovers Rs3.2m as Income Tax from bank account of Decent Traders
FBR recovers Rs3.2m as Income Tax from bank account of Decent Traders

FBR recovers Rs3.2m as Income Tax from bank account of Decent Traders

LAHORE: The Federal Board of Revenue has frozen the bank account of Decent Traders, Shah Alam Market, on Saturday and recovered Rs3.2million of Income Tax.

According to sources of Customs Today on Saturday, the FBR had issued many notices to the Decent Traders for not paying of Income Tax from 2015 to 2017 but the management did not pay any attention to the notices.

The Decent Traders was a defaulter of Rs221million of Income Tax and failed to pay any tax for two years despite earnings millions of rupees.

Sources of Customs Today have said the process of recoveries from Decent Traders continues and all the pending amount of Income Tax will be recovered at all costs.

The FBR has deducted the amount of Rs3.2million from the bank account of the said business entity. The company imports PVC items including PVC fittings, steel fittings and pipes. The amount was deducted from the Muslim Commercial Bank, Shah, Alam Market branch.

Action was taken by Deputy Commissioner Abdul Rauf Mayo and Inspector Muzzafar Ali after attaching the bank account of Bank Al Habib, Kot Lakhpat Industrial Area Branch Lahore.

In another action, the FBR also recovered Rs350000 as Income Tax from the bank account of a citizen Danish. The FBR sources said that Danish has been a defaulter of Income Tax since 2014.

He was issued with many notices but he did not submit the wealth statements. He is a resident of Sabza Zar Lahore and FBR has taken this action after attaching his bank account at NIB Allama Iqbal Town branch. FBR Inspector Waqar Haider Shah and Muhammad Akram Haider executed the action.

Earlier, the Federal Board of Revenue also issued notices to a number of citizens including some engineers, doctors and traders. All the notices were served against the on-filing of Income Tax statements from fiscal year 2014 to 2016.