Gujranwala: The Federal Board of Revenue (FBR) has decided to launch a crackdown against Gujranwala residents who do not file their income tax returns before tomorrow’s deadline, a news source reported. As per the authority’s figures, over 40% of the National Tax Number (NTN) holders in the city have still not filed their returns.
The FBR was looking to formulate an effective strategy to deal with the non-filers in Gujranwala, and now that it has devised a plan of action, it has begun to issue notices to non-filers within the city. To date, the FBR has issued an NTN to approximately 250,000 people in Gujranwala, of which less than 50% have filed their income tax returns. The rest failed to do so despite the government offering several extensions to the deadline.
Sources within the FBR have also revealed that it is all set to include property and car owners in to the tax net, especially those who purchase plots in new and relatively posh housing schemes. Further details are expected in due time.
While the FBR deadline to file income tax returns expires tomorrow, several organisations in Punjab have started to demand an extension to the deadline. Zameen News will keep you posted as and when the final decision in this regard is publicized.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
