SIALKOT: The Federal Board of Revenue (FBR) has decided to conduct special monitoring of the business activities of 50 big industrial units, which had disclosed their income very low against their actual businesses.
According to the senior FBR officials, these 50 big industrial units are located in Sialkot, Narowal, Gujrat, Mandi Bahaud Din, Hafizabad and Gujranwala districts of the Gujranwala Division. These industrial units while filing their annual tax returns concealed their real income.
The officials added that the FBR would ensure the round-the-clock special monitoring of these big industrial units, besides, keeping a 24 hour vigilant eye on the total business activities of these industrial units including manufacturing of the products, transportation of the trucks load with raw material and ready to export products, besides getting the necessary information from their labourers and staff as well.
FBR officials added that the annual taxes of these industrial units were reducing every year despite their growing businesses , as the decline in their annual taxes were detected during the special checking of their official records for the last four consecutive years.
