Islamabad: The Federal Board of Revenue (FBR) has decided to auditretailers and real estate tax filers who submit income tax returns.
According to details, the FBR has announced a new strategy to combat taxevasion, and it includes auditing the tax returns of retailers and realestate tax filers.
The FBR has issued a warning that retailers should avoid errors in incometax and sales tax, and audits of the tax returns of retailers and realestate tax filers will be conducted.
Sources from the FBR stated that the decision regarding the audit ofincome tax and sales tax for retailers will be made at the regional taxoffices (RTOs).
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They also mentioned that practical measures have been taken to combat taxevasion in real estate, and audits of real estate tax filers will becarried out, along with audits of their tax returns by the relevant RTOs.
According to the FBR sources, a lottery system will not be used for taxaudits. Instead, the relevant RTOs will exercise discretion under theirdelegated powers for the selection of audits.