LAHORE: The Regional Tax Office-II (RTO-II) of the Federal Board of Revenue (FBR) issued notices to housing societies due to evasion of federal excise duty (FED).
According to details, the RTO-II has issued notices to four government and private housing societies which have failed to pay their tax liabilities.
The societies to whom notice are issued included Irrigation Housing Scheme for tax evasion of Rs 43 million, Al-Karam City for tax evasion of Rs 2.8 million, King Town for tax evasion of Rs 1.5 million and Haidree Home Housing Society for tax evasion of Rs 5.21 million. The Regional Tax Office-II ordered to submit their replies within seven days of notices.
Source told Customs Today that if the housing societies did not submit their replies and all relevant record, then FBR will take stern action against the defaulters under the law.
