STOCK MARKET BSE NSE

Misbah among Pak players facing tax investigation

Published: 08th March 2013 12:04 PM  |   Last Updated: 08th March 2013 12:04 PM   |  A+A-

Misbah_AP
By PTI

Pakistan's Test and one-day captain Misbah-ul-Haq, along with some other leading players, will be investigated by the Federal Board of Revenue (FBR) for filing incomplete tax returns.

A spokesman of the FBR today said there were complaints of non-payment of full taxes on total income earned by the players.

"The investigations will be carried out to confirm whether the complaints of non payment of taxes is correct," he said.

Pakistani Test players Umar Akmal, Azhar Ali and Taufeeq Umar and national Twenty20 captain Mohammed Hafeez will be investigated. The FBR had earlier invited these cricketers to lodge their tax returns.

Complying with the FBR directives, the six players lodged their returns after obtaining their group income certificates from the Pakistan Cricket Board.

However the FBR has ascertained that the incomes and expenses were more than what was mentioned in the received financial documents.

According to details in the financial years 2009-2010 and 2010-2011, Misbah had to pay a total tax of Rs 4.9 million, based on his declared income, however his total tax payment for the two years stood at Rs 2.96 million.

A source in the board said the Federal Department of Income Tax had also talked about having tribunal hearings on the issue of non-payments of taxes by Misbah and other players.

The source also said that Umar Akmal's bank account had been frozen by the FBR citing non-payments of taxes worth Rs 7.8 million.

During the same financial years, opening batsman Imran Farhat paid a total tax worth Rs 1.03 million, Hafeez paid Rs 2.7 million, Azhar Ali Rs 0.62 million and Umar paid Rs 1.195 million.

The PCB has also been at loggerheads with the FBR over tax payment and exemption issues and the FBR lodged a case against them in court.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp