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Home / Lahore / FBR recovers Rs500000 from bank account of Islah Private limited
FBR recovers Rs500000 from bank account of Islah Private limited

FBR recovers Rs500000 from bank account of Islah Private limited

LAHORE: The Federal Board of Revenue has frozen the bank accounts of a famous company Islah Private Limited. The FBR has recovered Rs500000 from a bank account of Islah Private Limited.

According to the sources of Customs Today, the FBR has attached the bank account of Islah Private Limited at Bank al Falah Gullberg, Main Boulevard’s Branch, on Wednesday and recovered Rs500000 as Income Tax.

The company has been defaulter of Income Tax for the years 2014 and 2015.

Meanwhile, the Federal Board of Revenue has issued a final notice to a famous and costly fashion brand Hassan Shehr on the tax evasion of Rs11million.

According to details available to Customs Today through a reliable source, the Federal Board of Revenue has served a notice on the HSY to pay its due tax within 15 days otherwise strict action will be taken against the fashion brand.

Sources said the HSY had been a defaulter of Sales Tax for the years of 2016 and 2017. The FBR had already issued several notices to HSY but no reply was submitted.

The FBR has also recovered Rs4million from the bank account of the RT Max. The FBR sources said the RT Max had been a defaulter of Rs10million. The cloth manufacturing company RT Max has not a good record for tax deposit. The FBR had already confiscated all the sales and manufacturing record of the company.