Traders threat to go for countrywide strike if section 203-A is not withdrawn
July 11, 2021
Traders have threatened to launch a countrywide protest from the platform of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) against the government if Section 203-A of the recently passed Finance Act 2021-22 is not withdrawn that empowers to arrest and prosecute any person for concealment of income to assistant commissioners of Inland Revenue Service merely based on an accusation or doubt. They also chanted slogan “give respect to traders and business community: anti-traders laws rejected”.
The “Tajir Convention”, which was organized by the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) at a local hotel of Lahore, was attended by all major bodies and associations of traders from across Punjab.
FBR sends 13m notices in 3 years
Senate panel says surge in notices indicates growing harassment of taxpayers
The FBR informed the standing committee that about Rs1.34 trillion were due against 683,141 people and companies and the FBR has served them notices. PHOTO: FILE
ISLAMABAD:
The Federal Board of Revenue (FBR) served nearly 13 million tax notices to non-filers in three years but just one out of every ten of them cared to respond, showing weakened writ of the tax machinery and also its highhandedness.
From fiscal year 2018-19 to 2020-21, the FBR served 12.8 million tax notices to non-filers of the income tax returns, the FBR informed the Senate Standing Committee on Finance on Wednesday.
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ISLAMABAD: Pakistan is bound to scrutinise transactions of four Non-Designated Financial Businesses and Professions — including real estate agents, jewelers, lawyers, and accountants —.