The Federal Board of Revenue (FBR) has initiated a countrywide exercise for conducting income tax audit of 437 urea/fertilizers dealers.
According to the FBR, the audit would ensure that they pay the correct amount of income tax on their earnings. Notices have been issued for audit to a total number of 437 cases. The proceedings are on hand and shall shortly be finalized.
Besides the above, notices to all non-filers have also been issued by the concerned Inland Revenue Field Formations, FBR added.
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Why not ! But first start from Fauji Fertilizer…