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Govt is Finalizing Tax Incentives in the Coming Budget to Improve Economy
The government is finalizing tax incentives to attract foreign investment, facilitate the corporate sector, development of the capital market, documentation of the real estate sector and promote the real estate investment trusts (REITs) in the budget (2021-22).
During the ongoing budget exercise, the Federal Board of Revenue (FBR) has decided to incorporate certain proposals of the Securities and Exchange Commission of Pakistan (SECP) in the upcoming budget (2021-22).
The FBR is presently reviewing the budget proposal of the SECP for incorporation in the Finance Bill, 2021.
According to the SECP budget proposals received at the FBR House, to create a level playing field and promote the development of regulated non-bank financial market and corporate sector, the SECP every year collects, reviews and submits tax proposals relating to its regulated sectors to the FBR.
ISLAMABAD: A massive downward revision in DC rates in the Islamabad Capital Territory is estimated to cause a potential revenue loss of Rs30 billion to the national exchequer, it was learnt.The.
ISLAMABAD: A massive downward revision in DC rates in the Islamabad Capital Territory is estimated to cause a potential revenue loss of Rs30 billion to the national exchequer, it was learnt.The.
Major income tax changes in last 10 years and how they have impacted your investments
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Major income tax changes in last 10 years and how they have impacted your investmentsET Bureau
Last Updated: May 03, 2021, 06:30 AM IST
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Synopsis
Changes in investment rules and tax rates can prove beneficial or upset calculations. Some can boost investor sentiment, while others can pull it down. Here are some major changes in the past 10 years.
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July 2014
Housing loan interest deduction increased to Rs 2 lakh
Holding period for long-term capital gains from non-equity funds increased to three years. To be taxed at 20% after indexation.