Gain arising on disposal of certain debt securities.
(1) Every custodian of debt securities including a banking company responsible to maintain Investor Portfolio Securities (IPS) Account on behalf of holder of a debt security shall at the time of disposal of debt securities including government securities deduct tax at the rate specified in Division IIIAA of Part III of the First Schedule on the gross amount of capital gain arising to such holder and deposit the same in government treasury:
(2) The capital gain arising to the holder on disposal of debt security mentioned in sub-section (1) shall be computed in accordance with the formula provided in sub-section (1A) of section 37A of the Ordinance.]
Enter your Description here...
Enter your Detail here...
โWeโre always working to improve and keep our information accurate, complete & up-to-date. If you spot any mistakes, missing details, or anything that doesnโt seem right, please let us know using the feedback option below.โ
No video available.
We provide multiple practice sessions specifically designed to help aspiring lawyers prepare effectively for the Law GAT (Graduate Assessment Test).as Per Outline "
Success! Your action was completed.
โAllah is sufficient for me. There is none worthy of worship but Him. I have placed my trust in Him. He is the Lord of the Majestic throne.โ