Federal Tax Ombudsman (FTO) has recommended tax authorities to launch probe under Anti-Benami law against Summit Bank while disposing of a case lodged by a top official of Omni Group.
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FBR’s Inland Revenue office makes recovery despite stay order
ISLAMABAD: An office of Inland Revenue of the Federal Board of Revenue (FBR) has disrespected the legal order by making tax recovery from a bank account of a taxpayer despite a stay order was granted to avoid harsh measure.
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Highest number of banking complaints filed against HBL in CY22
Aggrieved with banking services, customers have filed the highest number of complaints against Habib Bank Limited (HBL) – the largest bank in Pakistan – during the year 2022.
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Millat Tractors decides to file appeal against FTO order
KARACHI: Millat Tractors Limited (MTL) on Monday decided to file petition before the President of Pakistan against the decision of Federal Tax Ombudsman (FTO).
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Former tax officer approaches FTO against delay in refund payment
A former tax officer of Inland Revenue, Federal Board of Revenue (FBR) has approached Federal Tax Ombudsman (FTO) against nonpayment of refund amount.
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FTO directs fair treatment of salary taxation for temporary employees
Federal Tax Ombudsman (FTO) has issued instructions regarding salary taxation for temporary / adhoc employees and directed employers and tax authorities to deduct tax of such employees under Section 149 of Income Tax Ordinance, 2001.
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Tax notice placement on IRIS is not valid service: FTO
In a case, the Federal Tax Ombudsman (FTO) has observed that mere placement of notice on the IRIS does not constitute a valid service.
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Thousands of fake transactions discovered in taxpayer profile; FTO orders probe
ISLAMABAD: A taxpayer has discovered thousands of fake transactions in his profile. The taxpayer moved to the Federal Tax Ombudsman (FTO) for relief after disappointment from the tax authorities.
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FTO intervention helps taxpayer to get withholding certificate
ISLAMABAD: Federal Tax Ombudsman (FTO) provided relief to a taxpayer by intervening in a matter where withholding tax certificate was denied to the taxpayer.
The Tax Ombudsman’s timely intervention has resolved a genuine taxpayers’ grievance with a withholding company, said a statement issued on Tuesday.
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It is a matter of appreciation that in order to protect Taxpayers Rights FTO has gone an extra mile to resolve the issue.
Briefly, a complainant, Ehsan Ul Haq has approached the tax ombudsman regarding the non-issuance of tax-deduction certificate by Muller & Philips Pakistan (Pvt) Limited as the withholding agent.
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Tax deduction certificates are mostly required from the withholding companies by their clients at time of submission of Income Tax returns and tax adjustments.
The tax withheld is deposited with tax authorities by withholding companies while evidence of such tax-deductions are provided by such companies to their clients.
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As tax collecting agency FBR is bound to ensure that taxes are withheld & deposited according to law. Similarly under the same tax laws the withholding agents, as compliance of their tax obligations are obligated to maintain certain record like CPRs, file periodical withholding statements and issue prescribed tax deduction certificates to the concerned withholdees for submission before tax authorities.
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FTO, accordingly, took up the matter with the withholding company and resolved the grievance of the tax payer. Upon FTO’s intervention the company issued withholding evidence of tax to the Complainant for period 01.07.2019 to 31.10.2022 without any further delay.
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FTO urges business community to lodge complaints for tax issues
Karachi: Dr. Asif Mahmood Jah (Sitar-e-Imtiaz), the Federal Tax Ombudsman (FTO), has extended an invitation to the business community, urging them to lodge complaints without hesitation to address and resolve tax related problems effectively.
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