LAHORE: The Federal Board of Revenue (FBR) has decided to take action against welfare organizations which are working as non-profitable organizations.
Sources said that some welfare organizations are earning in millions and enjoy tax exemptions.
Now the FBR has decided to scrutinized the bank accounts of these organizations, if any irregularities will found in accounts statements then disciplinary action will be taken against those welare organisations and FBR will recover payable amount.
Sources told Customs Today that FBR assigned the responsibilty to senior officers of Regional Tax Opffice-I (RTO-I) for the audit of banks accounts and tax returns of non profit organization.
Federal Board of Revenue (FBR) will recover taxes with fines from those organizations which are involved in misdeclarations.
