Gujranwala: It has been found that housing societies of Gujranwala division are defaulting on approximately PKR 250 million, a news source report. The Regional Tax Directorate has decided to take action against housing societies that haven’t paid the Withholding Tax or the Federal Excise Duty.
According to details, the accounts of defaulting housing societies will be frozen under Section 140 of FBR Act, to recover the amounts from them. FBR has issued instructions to its tax officials to take immediate action and in the light of the instructions, the housing schemes are being surveyed and checked while a separate list of defaulting housing societies is being prepared.
