presentation
TRANSCRIPT
PRESENTATION
INFORMATION REGARDING ASSESSMENT PROCEEDINGS FINALIZED IN THE CASES OF
PLAZAS/ESTATE DEVELOPERS – SPECIAL ZONE, RTO, MULTAN
S.No
Name of PlazaTotal
Area/Covered Area
Action Taken
1 2 3 4
1 Bomanji Square, 84-Nusrat Road Multan Cantt. Multan Total cost of investment in plaza confronted Rs. 318.220 (m)
41742-Sqft. /Covered Area 116121-Sqft.
Assessment finalized creating tax demand of Rs.110,593,598/-.Recovery proceedings were initiated . The Hon’able High Court has stayed demand till decision by CIR(A)
2
Mall of Multan, Near Toyota Multan Motors, Bosan Road, Multan
Total area of land 185730-sqft
Show cause notice u/s 122(9) has been issued .Proceedings are under way.
3
Pace N Pace, Panda Cash & Carry, Near Chungi No.6, Bosan Road, Multan Total cost of investment in plaza confronted 321.006 (m)
54652-Sqft/308391-Sqft
Demand was created u/s 122(5) which was annulled by CIR9A) with the directions to proceed afresh. Reassessment proceedings are under way.
4
Fashion Mall, Nusrat Road, Near Radio Station, Multan Cantt
Total Area of plot 9403.20-Sqft Total Covered Area 36430-sqft.
The plaza is under consideration.
5 SS Mall, Nusrat road, Near Radio Station, Multan Cantt
Total Area 4850.5-sqft Covered Area 27870.2-sqft.
The said plaza is under construction.
6 Citi Centre, 93-Nusrat Road, near SP Chowk, Multan Cantt
Total Area 48180.75-Sq.Ft. Total covered area 603615-Sq.Ft.
The Investors of the plaza are being assessed to tax at RTO Lahore..
7 Crystal Mall, Bosan road, Multan
32536-Sqft/141292-Sqft
Assessments u/s 122C have been finalized on the basis of investment in purchase of land for tax year 2010 to 2013.
8 ZA Tower,,
MMQ road, Multan
- Show cause notice has been issued and proceedings are under way.
9 Sheikh Shahid Jamal Prop; Ali Associates, Katchery Road, Multan
Development of three Housing Colonies
Order u/s 122(5A) passed creating tax demand at Rs.308,921,371/- for the tax years 2011, 2012 and 2013
HAJJ/UMRAH TOUR OPERATORS – FIGURES OF COLLECTION
TOTAL NO OF CASES OF TOUR OPERATORS WHO HAVE BEEN ALLOCATED QUOTA
TAX DUE UNDER CLAUSE 72(A) OF PART-I OF 2ND SCHEDULE
TAX COLLECTED
BALANCE COLLECTABLE
32 20.000(M) 3.000(M) 17.000(M)
M/S MULTAN ELECTRIC COMPANY LIMITED MULTAN
TAX YEAR DEMAND CREATED APPEAL STATUS2010 5,631,062 CONFIRMED BY CIR(A) AND
PENDING BEFORE ATIR
2013 109,817,650 -DO-
2014 1,736,117,810 -DO-
TOTAL 1,851,566,522
INCOME TAX OUTSTANDING DEMAND
M/S MULTAN ELECTRIC COMPANY LIMITED MULTAN – SALES TAX MATTERS
• Sales Tax amounting to RS.4.206(B) pertaining to the period 07/2010 to 06/2011 was charged on the issue of non inclusion of subsidy to supplies for calculation of sales tax . The case is pending before ATIR • Demand of Rs.23.062(B) can be worked out on the same issue for the period 07/2011 to 06/2014 . • Sales Tax refund of Rs.5483.013(M) has been claimed by the registered person which is pending for pre refund audit .
PESTICIDES SECTOR - COMPARATIVE FIGURES OF SALES TAX COLLECTION -
2014-15 2015-16 INCREASE/DECREASE
COLLECTION( JULY - MARCH
20.670(M) 38.56(M) 17.890(M)
EXPECTED COLLECTION APRIL - JUNE
- 16.000(M)
FILING/NON FILING OF RETURNS BY THE COMPANIES -
TOTAL NO OF E-ENROLLED CORPORATE CASES
TAX YEAR
TOTAL NO OF FILER COMPANIES
TOTAL NO OF NON FILER COMPANIES
ACTION TAKEN
1060 2015 450 610 Notices u/s 114 issued .1042 2014 546 496
TAX YEAR TOTAL NO OF FILER DIRECTORS
TOTAL NO OF NON FILER DIRECTORS
ACTION TAKEN
2014 686 532 •Notices u/s 114 issued to the non filer directors• Amendment u/s 122(5A) made against 03 directors on the basis of introduction of fresh share capital in companies by them , creating demand of Rs.7,397,069/-
2015 540 493
FILING/NON FILING STATUS OF DIRECTORS OF THE COMPANIES