Massive increase in penalty amount on the cards for violating tax laws
KARACHI: Tax authorities are considering to recommend massive rise in monetary penalty for violating general provisions of income tax laws. According to sources in Federal Board of Revenue (FBR), the Large Taxpayers Unit (LTU) Karachi had submitted its proposals for budget 2020/2021 and suggested increase in fine and penalties to Rs50,000 from present penal amount […]