LAHORE: Federal Board of Revenue has issued notices to at least 73 car dealers in Lahore asking them to declare their assets by June 10.
Sources said that FBR has issued notices following preparation of a special report disclosing that the motor car dealers were possessing extraordinary assets. However, they were mis-declaring their incomes hereby evading huge taxes inflicting heavy losses on national exchequer.
They said that the Lahore Regional Tax Office I issued the notice to 73 dealers of motor car in Johar Town, Faisal Town and model Town in the first turn.
Sources further disclosed that in the next turn, dealers at jail Road and other parts of the city would be issued notices asking them the same i.e. to declare their assets.
