ISLAMABAD: The Federal Board of Revenue Inland Revenue’s Investigation and Intelligence has served a notice on former president Asif Ali Zardari to pay Rs 1 billion tax included penalty amount on Bilawal House, Lahore.
Director General IR-Intelligence, Haroon Tareen, has directed the officials concerned to deal the matter under the law and no any political influence be accepted in this regard.
As per details, Asif Ali Zardari had purchased the land for Bilawal House Lahore from Bahria Town Chairman Malik Riaz against Rs 480 million, while out of total cost of land Rs 170 million was issued from the bank account of Faryal Talpur, sister of ex-president.
On the other hand, in views of the counsel for Asif Ali Zardari, the payment was made through a company’s account. The FBR Intelligence has detected the company which has total worth of Rs 100 million and more interestingly the total value of the house was told by officials at Rs 7 billion.
Sources added that the said company was a dead company as it has not filed any tax returns for many years and has not made any business.
It is important to mention here that Asif Ali Zardari has declared its total assets at Rs 500 million which are many times less than the only price of the Bilawal House Lahore.
