KARACHI: Federal Board of Revenue (FBR) has started enforcement dive to ensure displaying National Tax Number (NTN) at place of business.
Sources in FBR said on Tuesday that the tax offices had started campaign to ensure displaying of NTN at place of the business.
The tax authorities will imposed penalty of around Rs5000 on persons who fail to display the NTN at the place of business as required under Income Tax Ordinance, 2001.
Section 181C of Income Tax Ordinance, 2001 explains the displaying of National Tax Number.
Every person deriving income from business chargeable to tax, who has been issued a National Tax Number, shall display his National Tax Number at a conspicuous place at every place of his business.
If NTN is not shown then how can taxpayers pay penalties???
kindly guide me …