KARACHI: The Federal Board of Revenue (FBR) has frozen the bank account of Nazeer Textile Mills due to alleged tax evasion of Rs 3.5 million.
Sources told Customs Today that the FBR sent many reminders to the company, asking it to clear outstanding tax dues, but the company failed to respond to any of the notices.
After the passage of 100 days, the FBR froze the bank account of the company and recovered the outstanding tax from its accounts. Sources said that the Regional Tax Office sent notices to 32 companies, asking them to deposit tax amount. The RTO marked December 25 as the deadline for submission of the tax returns. The RTO authorities said that strict action will be taken against those companies which fail to clear the outstanding amount.
