LAHORE: Federal Board of Revenue has recovered Rs4.5million after freezing the bank accounts of the Punjab Highways Authority.
Earlier, the FBR had issued many notices to the Punjab Highways Authority for payment of income tax for the year 2015 but the management did not pay any heed towards the notices.
Now the FBR has deducted the amount of Rs4.5million from the bank accounts of the department.
In another action, the FBR has also recovered Rs4million from the bank account of the RT Max. The cloth manufacturing company RT Max does not have a good record of tax payment. The FBR had already confiscated all the sales and manufacturing record the company. The RT Max is a defaulter of Rs10million as it didn’t pay sales tax for the year 2016.
