I&I-IRs detects tax evasion
KARACHI: On the directives of Director General Intelligence & Investigation –IRS Khawaja Tanveer, the Inland Revenue has expedited its campaign against the tax evaders.
During the course, Inland Revenue has detected massive tax evasion by three companies including M/s Etemad Trading Karachi, Haider Ali c/o Qaiser & Sons Lahore and Muhammad Ayub c/o Inshallah Bonse Store Kasur.
All these three were doing business and maintaining bank accounts. The information obtained from banks proved remarkable difference in bank account credits and those declared in the returns. These three were grossly suppressing their sales to evade taxes.
Investigation reports have been forwarded to concerned RTOs for further action.