The Federal Board of Revenue (FBR) has announced selecting 75,871 tax returns for audit during the current fiscal year.
Following the audit policy for tax year 2015, random computer ballots were held on Monday for selection of cases for audit for tax year 2014 and tax period, July 1, 2013 to June 30, 2014, in respect of six categories, comprising corporate and non-corporate cases of Income Tax, Sales Tax and FED.
Minister for Finance Ishaq Dar was the chief guest on the ballot ceremony which was also attended by representatives of chambers of commerce and industry, accounting bodies, tax bars and FBR officers.
Dar initiated the ballot process by pressing the computer button. Later on, representatives of chambers and tax bars also participated in the ballots process. Around 75,871 persons have been selected for audit in respect of six categories. National tax numbers of cases selected for audit are displayed on FBR’s website.