LAHORE: The Federal Board of Revenue (FBR) Regional Tax Office-I (RTO-I) recovered Rs 105.7 million by attaching the bank accounts of Pakistan Engineering Company.
The RTO-I has frozen the bank accounts of Pakistan Engineering Company in July in order to recover the evaded tax.
Earlier, RTO-I issued notice to the accused company for the payment of income tax but it ignored the notices to avoid the taxes; therefore, department taking action recovered evaded tax by attaching bank account. The company was not paying the taxes since 2010.
The FBR recovered the amount from the United Bank’s Regal chowk Lahore branch.
