What are the penalties for failure to give notice and obstruction?


Where a  person fails to give notice of the discontinuance of the person‘s business as required under section 117, the Commissioner may impose a penalty on the person not exceeding the amount of tax payable by the person for the tax year in which the business was discontinued.
Where a person fails to give notice of the person‘s appointment as liquidator as required under section 141, the Commissioner may impose a penalty on the person not exceeding ten thousand rupees.

Penalty  for  obstruction:

Where any person obstructs the  Commissioner or a  taxation officer in the discharge of the Commissioner or officer‘s functions under this Ordinance, the Commissioner may impose a penalty on the person not exceeding ten thousand rupees.
For More Details visit FBR also view our other blogs

Comments

Post a Comment

Popular posts from this blog

The cost of being Non-filer

Image
Unfortunately, Pakistan has the lowest ratio of income tax payers among many other countries. As only 1% population of Pakistan is a tax payer as recent statistics of Federal Board of Revenue show that only 1.42 million people are paying their taxes. The federal government is trying to increase the tax payer ratio in the annual budget since 2013. In order to convert non-filer to  filer , Finance Act 2014 is introduced to  penalize the non-filers  by compelling them to become tax payers. A Filer is the person who files his/her income tax return annually. As per Section 2(23), a filers is one whose name appears in the Active Tax Payer list (ATL) issue by FBR. Tax law regards the taxation and distribution of Tax Return as two separate activities – a concept that is not generally accepted by most people. Paying or deducting a tax does not remove a person from the official and prescribed tax return filing system, so one cannot be a file unless one person submits thei...
Read more

Is CNIC and NTN number are same?

Image
No, the CNIC and NTN numbers are two different numbers. The CNIC is a 13-digit number that consists of the first three parts of a five-part section that gives different demographic information and the second part is his family number and the last part represents your gender group. But the NTN number is completely different this number has two digits and is 8 digits. The NTN number is generated sequentially. CNIC and NTN have been different numbers but the FBR has announced that from the 2018-18 financial year they will both be equal. The announcement to include in the CNIC as NTN figures in effect from the last fiscal year 2018 - 19, the Federal Board of Revenue (FBR) are all set to use the details of companies to extend the tax base, it is read. The Federal Board of Revenue has said NADRA has issued CNIC numbers to NTN (National Tax Number) for all Pakistanis and anyone who submits tax forms can use their CNIC instead of NTN issued by Fbr. Please check blogs for more informatio...
Read more

Three FBR officials awarded ‘dismissal from service’ for misconduct

ISLAMABAD: Federal Board of Revenue (FBR) has awarded ‘dismissal from service’ to three officials for Regional Tax Office (RTO) Faisalabad, a statement said on Monday. The FBR sacked the officials following their admission of wrong doing after thorough inquiry. The revenue body said that all the three officials were found guilty of misconduct. Besides, FIRs were also lodged against them. The officials who were granted dismissal from service, included: Abid Iqbal, UDC Jhang Zone, Javed Masih, Notice Server and Manzoor Qadir, Watchman. While another official Aslam Pervez, watchman was suspended for three months. Through another notification, the FBR suspended Syed Muhamamd Salman Bukhari, Appraising Officer, MCC Gwadar and Maqbool Ahmed, IRO, RTO Faisalabad for three months. Source:  https://pkrevenue.com/three-fbr-officials-awarded-dismissal-from-service-for-misconduct/ Read More: Check FBR filer status Income Tax Calculator  Income tax rates in Pakistan
Read more