KARACHI: The Federal
Board of Revenue (FBR) has postponed auditing of non-filers of income tax
returns for a month, an official said on Friday.
FBR Chairman Muhammad
Irshad, at a meeting with the office bearers of the Federation of Pakistan
Chambers of Commerce and Industry (FPCCI), said the board introduced structural
changes to increase the number of new taxpayers.
“Efforts of broadening of
tax base have been accelerated,” Irshad added. He said the drive found a wide
discrepancy in declaration and actual wealth. In some cases, annual declaration
was Rs0.5 million, but the real amount exceeded billions of rupees.
FPCCI President Zubair
Tufail, however, complained that audit notices issued to taxpayers had created
panic in the business community. Tufail told The News that the Federal Board of
Revenue should give sometime to business community and taxpayers to explain their
version if a discrepancy was detected.
He said the latest 30-day
relaxation is only in the cases selected by the tax departments. “Audit
proceeding will continue in those cases selected through computerised balloting
by the FBR.”
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