FBR serves notices on 1.4m for not filing returns

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Islamabad

The Federal Board of Revenue (FBR) has issued around 1.4 million notices to non-filers of income tax returns and those who concealed income in their declaration.
According to a statement, the Federal Board of Revenue issued notices to nearly 1.4 million taxpayers, who were supposed to file return, or filed nil return, or misdeclared their assets to comply with their legal obligations.

The Federal Board of Revenue is expanding serious efforts to broaden the tax base in the country.

Early signs suggest such efforts are bearing fruits. As on January 30, 2021, income tax returns filed numbered 2.52 million for tax year 2020 as compared with 2.31 million last year, showing an increase of 9 percent.

The tax deposited with returns was Rs48.3 billion compared to only Rs.29.6 billion, showing an increase of 63 percent. The exercise is eliciting encouraging response. However, those who are not complying would be pursued diligently until compliance is achieved.—TLTP