LAHORE: The Federal Board of Revenue has freeze bank accounts of a renowned company M/s Kiran Traders Private Limited. FBR has also recovered Rs1.5 million from bank accounts of above mentioned company.
Sources told Customs Today that FBR has attached bank accounts of M/s Kiran Traders Limited in Allied Bank Civic Center Kareem Block branch of Allama Iqbal Town on Friday and recovered Rs 1.5 million as well in the wake of income tax.
M/s Kiran Traders was defaulter of income tax for the year f 2012 and 2013 and was defaulter of Rs 30 million, The company was not paying any attention to submit their tax even after getting many notices.
On other hand the Federal Board of Revenue has freeze bank accounts of M/s JP Plastic Private Limited. JP Plastic is defaulter of Rs 19 million.
According to details available to Customs Today through reliable source, the Federal Board of Revenue has served many notices on the JP Plastic to pay its due tax many times.
FBR has also recovered Rs 4 million from the bank account of the RT. FBR sources said the RT had been a defaulter of Rs10million. Cloth manufacturing company RT has not a good record for tax deposit.
The FBR had already confiscated all the sales and manufacturing record of the company. The RT is a defaulter of Rs10million as it failed to pay sales tax of the year 2016.
