‘Nil’ filing of tax returns: FTO asks FBR to conduct detailed audit of a medical college – Business & Finance

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to conduct a detailed audit of a medical college which has been filing “Nil” Income Tax Returns since 2017.

Based on the multiple reported news, the FTO Secretariat initiated Own Motion Investigation into tax affairs of Watim Medical College, vide OM No.0044/OM/2023.

Currently, in addition to Public…