MULTAN: Following the directions of Federal Board of Revenue (FBR) Regional Tax Office (RTO) Multan has started to closely monitor the collection of withholding taxes.
RTO Multan is examining every single banking transaction made by account holders under the Section 233-A of the Income Tax Ordinance 2001 to ensure the collection of WHT from the taxpayers and non-taxpayers.
Officials said that improvement was observed in withholding tax collection during the first quarter of the current fiscal year 2015-16. Therefore, FBR has directed the field formation to closely observe the banking transactions in order to utilise the untapped potential of taxpayers.
