KARACHI: Tax authorities have captured millions of rupees cash transactions by many dress designers. The authorities are now making assessment on the basis of such transactions for imposing income tax for past five years, sources said on Wednesday.
The sources said that the tax authorities had captured the cash transactions while disguising themselves as customers during their visits to those places where mostly wedding dresses were being displayed for sale.
Regional Tax Office (RTO) II, Karachi, a revenue collecting arm of Federal Board of Revenue (FBR), identified such dress designers, who were evading income tax. The office issued notices to explain the reasons of very low amount of tax payment or no payment of tax at all.
The tax office during survey found that there was a sector of marriage dress designers, who charge exorbitant amount for the bridal dress making.
Some of the designer even charge millions for a single dress but when their income tax returns were analyzed it was found that quite a large number of these dress designers are paying very meager amount of tax i.e. their declared income does not commensurate with their receipts.
Some of them are even not on tax roll.
The RTO-II Karachi identified the following dress designers:
02. Nada Tai
03. Aisha Ahmed
04. Wardha Saleem
05. Sanam Chaudhri
06. Sania Maskatiya
07. Cartes by Pasho
08. Silhouettes by Ash & Uzma
09. Nida Azwer
10. Waqar J. Khan
11. Kavalier Laser Cut Innovations
12. Rozina Munib
13. Ayesha Sarfaraz
14. Farida Qureshi
17. Natasha Kamal
19. Sarah Arshad Gilani
20. Amna Chaudhry
22. House of Farah V
23. Sable Vogue
24. Zuri by Zainab Fawad
The sources said that the returns of above were being analyzed and desk audit was being conducted.
The information obtained about their income would be cross matched with declared income and wealth statement filed and withholding statement filed by withholding agents.
The tax office estimated huge loss of revenue would be detected.
Notices under section 176 of Income Tax Ordinance, 2001 have been issued and further progress would be finalized by February 27, 2020.