{"id":61698,"date":"2020-02-20T15:49:21","date_gmt":"2020-02-20T10:49:21","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61698"},"modified":"2020-02-20T15:49:22","modified_gmt":"2020-02-20T10:49:22","slug":"fbr-issues-notices-tax-evading-fashion-designers","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-issues-notices-tax-evading-fashion-designers.html","title":{"rendered":"FBR issues notices to fashion designers found evading taxes"},"content":{"rendered":"\n<p>Karachi: The Federal Board of Revenue (FBR) has reported on massive tax evasion in finances of the fashion designers following an initial investigation into the returns filed by them, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-initiates-investigation-against-wealthy-doctors.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR initiates investigation against wealthy doctors (opens in a new tab)\">FBR initiates investigation against wealthy doctors<\/a><\/p>\n\n\n\n<p>To this effect, a tax official has stated that notices have been issued to the fashion\/apparel designers who misreported their sales. Deputy Commissioner (Inland Revenue) of Regional Tax Office \u2013 II (Karachi) Sardar Ali Solangi said that income returns revealed that a number of these fashion designers pay very meagre sums in taxes. DC Solangi said the declared incomes of these designers do not commensurate with their receipts.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a rel=\"noreferrer noopener\" aria-label=\"FBR serves notices to 1,500 Lahore citizens for hiding property detail (opens in a new tab)\" href=\"https:\/\/www.zameen.com\/news\/fbr-serves-notices-1500-lahore-citizens-hiding-property-details.html\" target=\"_blank\">FBR serves notices to 1,500 Lahore citizens for hiding property detail<\/a><a href=\"https:\/\/www.zameen.com\/news\/fbr-serves-notices-1500-lahore-citizens-hiding-property-details.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR serves notices to 1,500 Lahore citizens for hiding property detail (opens in a new tab)\">s<\/a><\/p>\n\n\n\n<p>Initially, the tax department detected financial anomalies in the finances of some 24 dress designers, and notices are being issues to these apparel makers. <a href=\"https:\/\/www.zameen.com\/news\/fbr-amend-law-recover-unpaid-taxes.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR (opens in a new tab)\">FBR<\/a> will reveal more information in this regard after conducting a thorough audit. It is expected that huge revenues will be collected through this exercise.<\/p>\n\n\n\n<p>Currently, tax bodies have\naccelerated their revenue collection efforts in a bid to meet the PKR 5.23\ntrillion target set for this fiscal year (FY 2019-20).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Federal Board of Revenue (FBR) has reported on massive tax evasion in finances of the fashion designers following an initial investigation into the returns filed by them, according to news sources. Read: FBR initiates investigation against wealthy doctors To this effect, a tax official has stated that notices have been issued to the fashion\/apparel designers who misreported their sales. Deputy Commissioner (Inland Revenue) of Regional Tax Office \u2013 II (Karachi) Sardar Ali Solangi said that income returns revealed that a number of these fashion designers pay very meagre sums in taxes. DC Solangi said the declared incomes of these designers do not commensurate with their receipts. Read: FBR serves notices to 1,500 Lahore citizens for hiding property details Initially, the tax department detected financial anomalies in the finances of some 24 dress designers, and notices are being issues to these apparel makers. FBR will reveal more information in this regard after conducting a thorough audit. It is expected that huge revenues will be collected through this exercise. Currently, tax bodies have accelerated their revenue collection efforts in a bid to meet the PKR 5.23 trillion target set for this fiscal year (FY 2019-20).<\/p>\n","protected":false},"author":75,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[20215,20214,19936,20216,17588,2036],"persona":[],"class_list":{"0":"post-61698","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fashion-designers","9":"tag-fbr-issues-notices-to-fashion-designers-found-evading-taxes","10":"tag-fbr-policies","11":"tag-revenue-collection-target","12":"tag-tax-evaders","13":"tag-tax-evasion","14":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR issues notices to tax-evading fashion designers - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR has reported on massive tax evasion in finances of the fashion designers following an initial investigation into the returns filed by them\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-issues-notices-tax-evading-fashion-designers.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR issues notices to tax-evading fashion designers - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR has reported on massive tax evasion in finances of the fashion designers following an initial investigation into the returns filed by them\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-issues-notices-tax-evading-fashion-designers.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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