The traders took to the field against the government for giving the FBR arrest warrants
Lahore – In the federal budget, the Federal Board of Revenue (FBR) was given the power to arrest businessmen, the traders came to the fore and a strong movement against the government’s move in the trader’s convention. Announced running. According to media reports, a trade convention was organized by the Federation of Chambers in Lahore in which the senior vice president of the federation Khawaja Shahzeb Akram said that it was not acceptable for the FBR to have the power to arrest the business community.
Business leaders said they would not allow raids and arrests on businesses and would strongly oppose it. On the other hand, the Gems and Jewelers Association has also threatened to take to the streets by rejecting the sales tax on jewelry.
It may be recalled that an attempt was made by the federal government to give the powers of the Supreme Court to the FBR.
In this regard, the Federal Board of Revenue had proposed to amend the ordinance through the Finance Bill to protect the illegal action of the officers to cover up their incompetence. However, according to a report in the national newspaper, the federal government has cleared the Federal Board of Investigation (FBR) of any person, including politicians, bureaucrats, journalists, industrialists, and businessmen, on suspicion of concealing revenue. The decision to grant direct arrest without giving him a chance was withdrawn after protests from various quarters.
The government decided in principle to withdraw all the provisions proposed in the tax laws through the Finance Bill 2021 to withdraw the proposed amendments. Sources in the Ministry of Finance said that an amendment to Section 203A of the Income Tax Ordinance has been proposed through the Finance Bill from the draft Finance Bill for approval by Parliament and all other clauses and sub-clauses including Section 203B are being removed. Is. However, a trade convention organized by the Federation of Chambers in Lahore has announced a movement against the government’s move.
