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Author Archives: Rizwan Hundal

Punjab Excise removes withholding tax from change of vehicles’ ownership

FAISALABAD: The Excise and Taxation Department Punjab has withdrawn two withholding taxes on the change of ownership of motorcars, providing the relief to the people. It is likely that from today, beginning of the new financial year, the cases of transfer of cars will shapely increase after the adoption of new rates. The last financial year witnessed a heavy decline ... Read More »

Faisalabad Excise collects Rs 1.88b against Rs 2b target in FY2014-15

FAISALABAD: The Excise and Taxation Department Faisalabad region has achieved the revenue target up to 95 percent in fiscal year 2014-15. As per details, the Punjab government had assigned the Rs 2 billion revenue recovery target to Faisalabad division for outgoing fiscal year, while it has collected Rs 1.88 billion that is 95 percent of the total target. District Faisalabad ... Read More »

Faisalabad Excise auctions 16 registration numbers of motor vehicles

FAISALABAD: The Excise and Taxation of Faisalabad region has held an auction of attractive registration numbers of new series FDA-15 for motor vehicles. The auction process was completed at excise office Faisalabad with low interest of the citizens that resulted in failure of auction of 1 and 786 numbers. However, number 5 was auctioned for Rs 45,000 and the number ... Read More »

RTO Faisalabad collects Rs 21.1b against Rs 24.7b target in 11 months

FAISALABAD: The Federal Board of Revenue’s Regional Tax Office Faisalabad has achieved 85 percent of the set target for the first 11 months of the current fiscal year 2014-15. As per details, the RTO Faisalabad has been assigned the target of Rs 24.772 billion for the said period by the FBR but it has collected Rs 21.12 billion, which is ... Read More »

Rift between Customs officials, importers can cause Rs 220.50 million loss to national kitty

FAISALABAD: The chief collector Faisalabad is unable to resolve a dispute between importers and the customs officials regarding clearance of 160 containers at the Faisalabad Dry Port. The tussle could cause a loss of Rs 220.50 million to the national exchequer. Sources revealed that more than 100 containers were imported via Karachi and after clearance from Faisalabad Dry Port, the ... Read More »

Faisalabad: Excise seizes documents of 85 vehicles

FAISALABAD: The Excise and Taxation Department’s Motor Vehicle Branch, during a general hold-up, checked the documents of thousand of vehicles and found 388 vehicles guilty of tax evading. The Excise team has seized the documents of 85 vehicles. The team also seized 205 vehicles into the jurisdiction of various police stations.  The Excise Department is expected to earn Rs 2.5 ... Read More »

RTO Faisalabad detects case of Rs 90 million tax evasion

FAISALABAD: The Federal Board of Revenue’s Regional Tax Office Faisalabad Unit One Assistant Commissioner Naeem Aslam has detected a case of tax defaulter washing powder factory. As per details, RTO found that accused company was involved in tax evasion amounting to Rs 90 million since long. Officials told that the owner of the company to be brought to table and ... Read More »

RTO Faisalabad to recover tax from defaulter factories

FAISALABAD: The Federal Board of Revenue has issued the directions to initiate investigation against numerous textile mills, processing, dying units and cotton factories in Faisalabad involved in manipulating the records to steal sales tax worth Rs 5.54 million. According to sources, there are many factories in the city which are manipulating record of sales tax causing loss to national exchequer. ... Read More »

Faisalabad Excise collects Rs 0.444 million through auction of ‘golden numbers’

FAISALABAD: The Excise Department has collected an amount of Rs 0.444 million through auction of 244 attractive motorcycle numbers of FDP-15 series. According to details, under the supervision of Excise Director Ahmad Saaed, Number 1 was sold at Rs 17,000, followed by Number 5 against Rs 5,000 and Number 11 at Rs 11,000. Excise and Taxation Motor Branch Officer Ilyas Bajwa ... Read More »

Faisalabad RTO serves notice on textile mill to recover Rs 11m tax

FAISALABAD: The Federal Board of Revenue’s Regional Tax Office Faisalabad has issued a notice to a textile mill to deposit the allegedly evaded amount of Rs 11.6 million immediately after receiving the notice. As per the details, the department while scrutinising the tax documents submitted by the mill administration, detected that it was involved in mis-declaration of its assets, stock, ... Read More »

RTO Faisalabad seems reluctant to arrest income tax defaulters

FAISALABAD:  Officers of the Federal Board of Revenue Regional Tax Office seem to be reluctant to take action against income tax defaulters. According to details, Assistant Commissioner Inland, Investigation Officer I &P Wing  Unit 1 Zone 1 were directed by Deputy Commissioner Inland Revenue Nasir Khan to collect Rs 8.4 million income tax from defaulters. These directions were passed one ... Read More »

Faisalabad Excise seals 256 properties

FAISALABAD: The Excise and Taxation Department has sealed 256 properties over non-payment of Rs 4.6 million property tax. As per details, the excise sealed 205 properties in Faiasalabad, 38 in Chiniot, 8 properties in Toba Tek Singh and five in Jhang to recover the property tax. Department issued several notices to owners to clear the outstanding arrears but they remained ... Read More »

Faisalabad RTO recovers Rs 460 million from tax evaders

FAISALABAD: The Federal Board of Revenue (FBR) Regional Tax Office (RTO) Faisalabad has recovered Rs 460 million from tax defaulters in a recent drive against major tax defaulters, besides lodging eight cases against the renowned groups. Moreover, Federal Board of Revenue Investigation and Prosecution Branch Assistant Commissioner Afzal Malik has also registered a case against the owner of Abdullah Fabric ... Read More »

FBR assigns Rs 2.6 billion target to Faisalabad RTO for May

FAISALABAD: The Federal Board of Revenue (FBR) has assigned a target of Rs 2.6 billion to the Regional Tax Office (RTO) Faisalabad for the running month. In a notification, the FBR has directed the Regional Tax Office to recover taxes, including income tax to the tune of Rs 1.9 billion, sales tax amounting to Rs 770 million and Rs 51 ... Read More »

Punjab Excise DG directs all regions to meet revenue target

FAISALABAD: The Punjab Excise and Taxation director general in a recent meeting has instructed the directors of all regions to recover the property tax, motor vehicles tax and professional tax from the defaulters. For this purpose, the Excise and Taxation Department has withheld the additional charges assigned to inspectors in order to expedite the revenue recovery process. Speaking to the ... Read More »

Sialkot: Chief Commissioner Dogar hails tax lawyers for bridging gap between taxpayers, RTO

SIALKOT:  Chief Commissioner Inland Revenue Sialkot Abdul Rehman Dogar has hailed the pivotal role of the Sialkot-based tax lawyers in resolving the issues of taxpayers. Addressing the participants of the oath-taking ceremony of the newly-elected office bearers of the Sialkot Tax Bar Association, he said that the lawyers facilitate the Sialkot business community and have bridged the gap between taxpayers ... Read More »

Faisalabad RTO spends Rs 527.2 million to generate Rs 193.01 million

FAISALABAD: A question mark as been put on the performance of the Regional Tax Office (RTO) Faisalabad, where the authorities concerned collected only Rs 193.01 million as tax, while the cost incurred during the collection process stands at Rs 527.2 million. This negative progress comes despite the government’s tall claims of overcoming the financial constraints and making different public organisation ... Read More »

FBR suspends six BS-16 customs officials under disciplinary rules

FAISALABAD: The Federal Board of Revenue has suspended six Grade-16 officers of the Customs Group for three months under the government services discipline and efficiency rules. The suspended officers include examiners SM Fawad and Khizra Saeed; Quetta Custom Collectorate Deputy Superintendent Muhammad Arif, Inspectors Saleem Akhtar, Muhmamad Arif and Ghulam Hussain. Sources say that their suspension might be extended by ... Read More »

Faisalabad: Excise seizes documents of 158 vehicles, impounds 69

FAISALABAD: The Excise and Taxation Department Motor Vehicle Branch in a general holdup checked thousands of vehicles and found 227 owners guilty of tax evasion, as they had not paid the token tax. The officials seized the documents of 158 vehicles, besides impounding 69 other vehicles in various police stations. Resultantly, the Excise and Taxation Department is expected to generate ... Read More »

FIA arrests FESCO’s Superintendent on bribery charges

FAISALABAD: The Federal Investigation Agency (FIA) has nabbed a superintendent of Faisalabad Electric Supply Company (FESCo) red-handed for taking the bribe. According to details, accused Abdul Ghaffar received Rs 300,000 as bribe from a person namely Bashir against the job appointment of his nephew in FESCO breaching the merit of department. Federal Investigation Agency conduct raid on tip-off and arrested ... Read More »