Tax evasion, concealment of income: FBR attaches Ayyan”s bank account, recovers Rs 3.5 million

The Federal Board of Revenue (FBR) has attached the bank account of supermodel Ayyan Ali and recovered an amount of Rs 3.5 million after cross matching of records and third party information on business/property transactions. Sources told Business Recorder here on Friday that the bank account of the model was attached by the Regional Tax Office in Karachi for alleged non-payment of taxes and concealment of income.

Under fiscal laws, the tax officials are empowered to attach the bank account for the recovery of the unpaid tax, concealment of income or evaded amount. FBR”s Intelligence & Investigation (I&I), Inland Revenues (IR) has completed the investigation into the money laundering case against her, whereby the tax authorities found that she possesses National Tax Number (NTN) but she has not filed income tax returns.

Now the tax authorities are trying to establish who actually owned the half a million dollars which the model was trying to transfer to Dubai but she was apprehended at the Islamabad airport. She has an account in a Karachi bank and according to her bank statement she possessed deposit in the range of around Rs 3.5 million. The tax department is processing a case under section 192 A of Income Tax Ordinance related to prosecution on concealment of income, which states that where, in the course of any proceedings under this Ordinance, any person has either in the said proceedings or in any earlier proceedings concealed income or furnished inaccurate particulars of such income and revenue impact of such concealment or furnishing of inaccurate particulars of such income is five hundred thousand rupees or more shall commit an offence punishable on conviction with imprisonment up to two years or with fine or both, law added.