75,871 tax returns selected for audit

ISLAMABAD (Staff Reporter): The FBR on Monday under the audit policy 2015 selected around 75,871 persons for audit in respect of Income Tax, Sales Tax and Federal Excise Duty (FED) for tax period from 1st July 2013 to 30th June 2014. Federal Minister for Finance Muhammad Ishaq Dar was the chief guest. Representatives of Chambers of Commerce and Industry, Accounting Bodies, Tax Bars and FBR officers attended the ballot ceremony. Minister for Finance and Chairman, FBR addressed the audience on the occasion.
In his address, the Minister for Finance highlighted the economic and tax policies of the government. Later on, random computer ballots were conducted in respect of six categories i.e. corporate cases of Income Tax, Sales Tax & FED and Non-corporate case of Income Tax, Sales Tax and FED. Ishaq Dar initiated the ballot process by pressing the computer button. Later on, representatives of Chambers and Tax Bars also participated in the ballots process. National Tax Numbers of cases selected for audit are displayed on FBR’s website.

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