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Home Latest News

Regional Tax Directorate Gujranwala freezes accounts of 40 industrialists

byZafar Malik
10/03/2015
in Latest News, National
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SIALKOT: Regional Tax Directorate Gujranwala has freezed the accounts of as many as 40 industrialists, traders and exporters in Gujranwala region and has withdrawn Rs. 10 million for being the chronic defaulters as “punishment” for no clearing their dues. These industrialists had purchased plots and luxury vehicles without paying taxes and concealing these facts in their tax returns as well.
Senior FBR officials added that the RTOs had issued the final recovery and warning notices to the above-mentioned 40 chronic tax defaulters for the early payment of their arrears, but they did no pay their outstanding dues. Upon their failure in payment, the special teams of Regional Tax Directorate took sou-moto action and got these defaulters’ bank accounts freezed in different banks and withdrew Rs. 10 million from their accounts to clear their dues.
According to the senior FBR officials, the Regional Tax Directorate has also imposed ban on the sale and purchase of as many as 40 new luxury vehicles till the payment of Rs. 150 million as their tax. The lists of such vehicles have been forwarded to the concerned Excise and Taxation Officers (ETOs) in Lahore and Gujranwala in a bid to halt the transfer of these non-tax paid vehicles, in this regard. 26 such vehicles were registered at Lahore ETO offices and 14 in Gujranwala.
The concerned officials added that the final warning and recovery notices have also been issued to owners of these vehicles for clearance of their taxes, besides, issuing warning regarding their arrest, in this regard. The ETOs in Lahore and Gujranwala have been made bound under FBR’s Act 140 for not to transfer the said luxury vehicles to any other person till the clearance of their prolonged arrears, in this regard.
Meanwhile, under supervision of Chief Commissioner RTO Gujranwala Mansur Ahmed Bajwa, the pace of the special recovery campaign against those millionaire people has also been jazzed up for concealing facts about their income and wealth and no depositing their taxes in the Gujranwala region comprising all the six Sialkot, Narowal, Gujrat, Mandi Bahaud Din, Hafizabad and Gujranwala districts.
This campaign was focusing on those small and big defaulters who had concealed the facts about their, income, wealth and properties while submitting their tax returns.

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