ISLAMABAD: The Federal Board of Revenue (FBR) Inland Revenue (IR) Investigation and Intelligence has collected the details of assets declared by the members of the Senate and the National Assembly before the Chief Election Commission at the time of elections.
Sources said that IR-Intelligence Director Dr Bashirullah, following the directions of Director General Haroon Tareen, has obtained the record of the last five years to launch a crackdown against tax evaders of both the houses who owe millions of rupees tax to the national exchequer.
They added that the FBR will cross-match the record received by CEC with the record of income tax returns and wealth statements received by the FBR to find the mis-declaration if any. The tax cheaters will be dealt sternly under Section 192 of the Income Tax Ordinance 2001.
The sources added that received record was being streamlined and the scrutiny process to be initiated after the Eidul Azha wherein those found to be defaulters will be given a chance but the habitual offenders have to face legal proceedings.
On the other hand, economists termed this action by the FBR fruitful, adding that it would also unveil the government’s seriousness to bring the big defaulters to the tax net
