FBR to conduct scrutiny of tax-exempted welfare organisations

MG News | March 05, 2018 at 05:41 PM GMT+05:00

0:00

SIALKOT, Mar 5 (APP)::Federal Board of Revenue (FBR) has decided to conduct a scrutiny of financial and tax records of 300 trust hospitals and welfare organisations.

According to senior FBR officials, these organisations and health facilities have tax exemption, but are making profits in Gujranwala division's all six districts: Sialkot, Narowal, Gujrat, Mandi Bahauddin, Hafizabad and Gujranwala. The officials said that the FBR would withdraw the tax exemption facility from the profit-making organisations after a thorough scrutiny.

The Bureau has has sought complete details and account records of these hospitals and other organizations.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,634.85 358.20M	3.14% 5043.51
ALLSHR	98,685.95 821.24M	2.83% 2713.21
KSE30	49,987.10 219.75M	3.14% 1522.98
KMI30	239,687.25 160.14M	3.17% 7355.26
KMIALLSHR	64,603.89 370.14M	2.96% 1857.73
BKTi	45,444.60 99.83M	2.84% 1252.93
OGTi	33,963.91 7.72M	1.91% 636.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,655.00	75,150.00 73,400.00	1150.00 1.56%
BRENT CRUDE	99.17	99.45 96.50	-0.19 -0.19%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	0.40 0.38%
ROTTERDAM COAL MONTHLY	105.90	105.90 105.90	0.40 0.38%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	97.50	98.00 95.20	-1.58 -1.59%
SUGAR #11 WORLD	13.83	13.89 13.62	0.15 1.10%