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Tag Archives: tax audit

Audit of tax returns

The Federal Board of Revenue (FBR) has issued a new audit policy for 2014 for the taxpayers according to which 12 percent of the total returns of the taxpayers, covering the tax period  between July 1, 2012 and June 30, 2013, will be selected for the audit of income tax, sales tax, and excise duty through random computer balloting. However, ... Read More »

FBR to audit 42,000 tax payers for FY2013-14

ISLAMABAD: Audit selection of taxpayers will be held at FBR headquarters in September of this year. The selection will be made on the tax returns filed by taxpayers in year 2013. As per details, about 45 thousands taxpayers from cooperate and non-cooperate sector will be selected for audit for year 2013-14. Audit selection will be made through National tax number ... Read More »