FBR moves against brokerage firm over tax arrears


The Federal Board of Revenue (FBR) has given go-ahead signal to its field formation to attach nine bank accounts of DJM Securities to recover income tax arrears, pending for years, it was learnt on Friday. According to a letter No: CIR/ZONE-I/RTO/KHI/2012-13/561, prior authorities of RTO office granted permission to Deputy Commissioner Inland Revenue, Enforcement and collection Unit-05, for the recovery of income tax arrears in respect of 9 bank accounts of M/s DJM Securities (Pvt) Limited. The letter signed by Deputy Commissioner (HQs) Shamsher Ali Seelro, titled “permission for issuance of notice U/S 140 of Income Tax Ordinance, 2001 recovery of income tax arrears in respect of M/s DJM Securities” stated that: Kindly refer to your letter N.22 dated 28/08/2013 duly endorsement by the Additional Commissioner (IR), E&C Range-B, Zone-I, RTO, Karachi vide No.04 dated 28/08/2013 on the above noted subject. I am directed to say that the permission for attachment in respect of M/s DJM Securities is hereby granted in respect of following bank accounts and companies. DJM Securities, MCB Stock Exchange, Branch, Karachi 4175-8, 2) DJM Securities UBL Stock Exchange, Branch, Karachi 010-4776-5, 3) DJM Securities, Al-Habib Karachi Stock Exchange, Branch, 1012-0081-00177, 4) DJM Securities, Al-Falah SITE Branch Karachi, 01-2000173-4, 5) DJM Securities, HBL Stock Exchange Branch, 404195-21, 6) DJM Securities, Bolan I.I Chundrigar Road, Karachi, 01-010-0703-5, 7) DJM Securities, KASB, Stock Exchange Branch, Karachi, 0000078-001, 8) DJM Securities, M/s National Clearing Company of Pakistan, shares, 9) DJM Securities, M/s Central Depository Company of Pakistan (Shares).