KARACHI: The Federal Board of Revenue (FBR) recovered Rs 11.2 million from three companies in Karachi and one company in Hyderabad.
The Regional Tax office-II (RTO-II) officials informed Customs Today that the companies including, M/s Kashif Embroidery and Export, M/s Nimra Traders and M/s Shamim Iatzaz and Sons were involved in the tax evasion.
The department issued notices to the companies, asking them to deposit their taxes in one month or stern action will be taken against them. In this regard, M/s Embroidery deposited Rs 3.2 million as sales tax, Nimra Traders paid Rs 4.25 million while Shamim Iatzaz and Sons deposited Rs 2.35 million in the wake of sales tax.
RTO-II officials further told that M/s Bashir Enterprise which is located Hyderabad in the area of lateefabad involved in the tax evasion of Rs 1.4 million. FBR issued notice to company during the last week of April in this regard it submitted their all tax yesterday.
