The Problem
A textile retailer operating in Saddar came to us in March 2024 with three years of unfiled returns and an active FBR audit notice. The FBR had estimated their taxable income at PKR 4.2 million and raised a demand of PKR 630,000 without access to their actual financial records.
The business had purchase records, bank statements, and rental invoices — but no filed returns to anchor them to. FBR's best-judgment assessment had applied estimated income far above the actual figures.
What FilerPK Did
We reviewed three years of purchase records, bank statements, and rental invoices. After filing all three returns with properly documented accounts, the actual tax liability came to PKR 118,000. We filed a formal written objection to FBR's estimated assessment, supported by full financial evidence.
Within 45 days, the FBR revised the demand. The business paid PKR 118,000 instead of PKR 630,000. They have filed on time every year since and have a clean FBR record today.