KARACHI: The Regional Tax Office-III (RTO-III) of the Federal Board of Revenue (FBR) recovered Rs 6.8 million by attaching the bank accounts of two private companies involved in tax evasion.
Sources informed Customs Today that Al Shamsi Handicraft and Export, and Sarfraz Garments had been reluctant to deposit their taxes for the last two years. The FBR issued many notices to the companies to pay taxes. The owners of the companies claimed that their businesses were shut down due to shortage of orders.
The department started investigations and found that the accused companies were producing items but not paying taxes on which the FBR attached the bank accounts and recovered Rs 4 million from M/s Al Shamsi Handicraft and Export, and Rs 2.8 million from Sarfraz Garments.
