LTU Karachi posts 15% revenue collection growth
KARACHI: Large Taxpayers Unit (LTU), Karachi (the prime field formation of Federal Board of Revenue) has been successful to record half yearly growth at 15%. LTU Karachi has collected Rs.688…
LTU Karachi detects huge tax evasion
KARACHI: Large Taxpayers Unit (LTU), Karachi has detected huge tax evasion by a taxpayer, who claimed unauthorized/illegal brought forward losses to the tune of Rs21 billion. This revelation was made,…
LTU may initiate litigation against leading cigarette co.
ISLAMABAD: Large Taxpayers Unit (LTU), Karachi is contemplating to initiate criminal proceedings against one of the leading cigarette manufacturers in customs court, due to massive tax evasion, sources say. The…
Chairman FBR congratulates Large Taxpayers Unit
KARACHI: Chairman Federal Board of Revenue (FBR) has lauded the performance of the officers of Large Taxpayers Unit (LTU) for crossing Rs1.0 trillion revenue collection mark. Addressing a press conference…
Health scheme launched for IRS officials
KARACHI: Member-(IRS-Inland Revenue Service FBR) Dr.Muhammad Irshad inaugurated “Health Scheme for IRS Officers/officials “in Karachi. It is first initiative of its kind in govt public sector of Pakistan. The scheme…
Tribunal disallows tax officers to invoke Section 122(5A) unnecessarily
KARACHI: A larger bench of Appellate Tribunal Inland Revenue Karachi has barred the tax officers from forwarding unlimited enquiries to the taxpayers under section 122(5A) of the Income Tax Ordinance,…
NA Committee on Finance visits RTO Karachi; invites recommendations to increase revenue collection
KARACHI: The National Assembly Standing Committee on Finance headed by Qaiser Ahmed Shaikh visited the Regional Tax Office (RTO) on Friday and advised the Chief Commissioners to furnish concrete and…