LAHORE: Federal Board of Revenue (FBR), Regional Tax Office-II (RTO-II) freeze the bank accounts of Red Solar company due to tax evasion.
According to the details, M/s Red Solar Company is income tax defaulter of Rs 30 million. RTO-II authorities recovered 10 million from the bank accounts of the company. The recovery has made from Faisal Bank Allama Iqbal Town branch.
The Red Solar Company hwas not submitting the income tax returns for the year 2014.
Source told Customs Today that Regioanl Tax Office-II (RTO-II) of Federal Board of Revenue (FBR) send many notices to Red Solar Company but the company failed in filling of returns, as result RTO-II takes action and freeze bank account and recovered Rs 10 million from the bank accounts of the company.
