Business Report:
Using a random selection method, the National Board of Revenue (NBR) has chosen 15,494 income tax case files for audit, aiming to detect potential tax evasion.
To keep this audit ongoing, 0.5per cent of the returns of each circle filed for the tax year 2023-24 have been selected.
According to a recent press release , “In order to ensure complete transparency in the method of selecting income tax returns for audit, the NBR has started the process of selecting income tax returns for audit in a fully automated manner based on the Risk-Based Audit Selection Criterion.”
It also stated that to complete this process, more time is needed to enter the complete information of all paper returns filed offline in the database.
