LAHORE: The Federal Board of Revenue (FBR) has freeze the accounts of M/s Newtech Private Limited and also recovered Rs 50 lakh from bank accounts of the above mention company.
Sources told Customs Today that M/s Newtech Private Limited was a defaulter of Rs 130 million income tax.
Earlier as per details FBR has been taking strict action against defaulters these days. During an operation against defaulters, it has freeze the accounts of M/s Newtech Private Limited where ambulances and other high tech equipment are manufactured.
The company was nominated in the list of income tax defaulters for not paying Rs. 13 Crore. FBR has also recovered an amount of Rs50 lakh during this process.
It is pertinent to mention here that FBR expedited their efforts to recover outstanding amount from defaulters are current Fiscal Year 2016-17 is going to expire soon.
