KARACHI: The Federal Board of Revenue (FBR) has begun investigations against 18 companies which are found involved in evasion of millions of rupees.
Sources told Customs Today that investigations against these companies are in last stages. During the investigations, it was also revealed that tax amounting to billions of rupees was evaded from March to May 2014-15 . Now the authorities are tightening noose against these companies.
During previous fiscal year, SR Enterprises founded involved in tax evasion of Rs 8.25 million, Super Chemicals in Rs 7.75 million, Sultan and Company Rs 7.75 million, Manan Enterprises Rs 6.78 million while Unique Enterprises evaded tax of Rs 8.9 million.
Sources said that after completion of the investigations, strict action will be taken against the companies found involved in tax evasion.
