LAHORE: The Federal Board of Revenue (FBR)’s Broadening of Tax Base (BTB) Lahore issued 2,800 notices of demand to potential taxpayers whose income is taxable but avoiding filing Income tax returns despite several notices issued to them.
The BTB has issued 4,000 show cause notices to the potential taxpayers in September. However, only 1,200 filed them. The BTB has sent notices of demands as a further action asking the taxpayers to pay their taxes under section 137(2) of the Income Tax Ordinance 2001.
The FBR official sources said that the potential taxpayers were asked earlier to file their income tax returns under section 114 (4) of the Income Tax Ordinance 2001 but they failed to do so. They added that the potential taxpayers were issued show cause notice against the non-compliance of notice issued under Section 114.
The sources said that the BTB has now finalised tax assessment of the 2800 non-compliance of the notices for the year 2010 on the basis of available information with the BTB. The FBR BTB Lahore Zone following issuing notice of demand asked the 2,800 non-filers to pay their calculated taxes within 15 days and not later than 30 days in the National Bank of Pakistan, State Bank, Treasury Offices and Non-Treasury Offices.
The FBR BTB Lahore Zone urged the taxpayers to pay their due taxes in time to avoid additional tax of 12 percent as a penalty every year under section 182 of the Income Tax Ordinance. The official sources said that in case the taxpayers fail to deposit their due taxes, their properties and moveable assets would be attached to recover the tax payments.
