KARACHI: The Federal Board of Revenue (FBR) has started investigations against 23 companies. The companies have failed to deposit tax returns according to their income.
Sources told Customs Today that these companies submitted their tax returns by showing forged income statements of the last two years. During the scrutiny of their tax returns, it was revealed that these companies showed less income just to avoid tax payments. Now the Regional Tax Office (RTO-III) has started investigations against these companies which include Ghafoor Textile, Aniq Towels, Shameem and Company, Mukhtar Chemicals, Gul Knitwear, Naeem Khan Chemicals Company, Junaid Molding International and others.
Sources said that after completion of investigations strict action will be taken against those companies who found involved in tax evasion.
