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