West Pakistan capital gains tax act, 1963 with rules, 1964
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West Pakistan capital gains tax act, 1963 with rules, 1964 amended up-to-date. by Pakistan.

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Published by Mansoor Book House in Lahore .
Written in English

Subjects:

Places:

  • Pakistan.

Subjects:

  • Capital gains tax -- Law and legislation -- Pakistan

Book details:

Edition Notes

Cover title.

Classifications
LC ClassificationsLAW
The Physical Object
Pagination20 p. ;
Number of Pages20
ID Numbers
Open LibraryOL4709163M
LC Control Number77938897

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[1] For statement of objects and reasons, see Gazette of West Pakistan, (Extraordinary), p This Act was passed by the West Pakistan Assembly on 29th June, , assented to by the Governor of West Pakistan on 30th June ; and, published in the West Pakistan Gazette (Extraordinary), dated 1st July, , pages   Amendment of West Pakistan Act IX of For sub-section (1) of section 16 of the West Pakistan Finance Act, , the following sub-section shall be substituted, namely: - (1) A capital gains tax shall be levied on any profits or gains arising from the sale, exchange or transfer of immovable property effected after the thirtieth day of.   [1] [1] For statement of objects and reasons, see Gazette of West Pakistan, (Extraordinary), p This Act was passed by the West Pakistan Assembly on 29th June, , assented to by the Governor of West Pakistan on 30th June ; and, published in the West Pakistan Gazette (Extraordinary), dated 1st July, , pages , and of the **[West Pakistan] Land Revenue Act, (West Pakistan Act XVII of ), and with the prior approval of Government and in the case of rules under section of the said Act, with the concurrence of the High Court, is pleased to make the following rules: PART I – PRELIMINARY 1. Short title and commencement.

Capital gains tax applies in Pakistan. However, the tax treatment of the capital gain depends on a range of factors including the industry and the holding period. For companies which are in the banking industry in Pakistan, gain on the sale of shares and dividend are taxable at the rate of 35 percent. Por-Ramangamdi Notified Area Consolidated Tax Rules, Por-Ramangamdi Notified Area Consolidated Tax Rules, (West Pakistan Amendment) Act, Pir Mehr Ali Shah Arid Agriculture University, Rawalpindi Act, Punjab Scheduled Roads And Controlled Areas Restriction Of Unregulated Development Act, Punjab School Teachers. The Sales Tax Act, (as amended up to 30th June, ) 4 The Sales Tax Act, (As amended up to 11th March, ) 5 The Sales Tax Act (as amended up to ) 6 The Sales Tax Act (amended up to ) 7. The tax loss rules in Pakistan differ depending on the type of revenue stream associated with the loss incurred. Losses associated with "capital gains on the sale of securities" are allowed to be set off against other capital gains on the sale of securities. However, the amount that cannot be offset is not allowed to be carried forward.

Amendment of West Pakistan Act IX of – For sub-section (1) of section 16 of the West Pakistan Finance Act, , the following sub-section shall be substituted, namely: “(1) A capital gains tax shall be levied on any profits or gains arising from the sale, exchange or transfer of immovable property effected after the thirtieth day of. “(1) A capital gains tax shall be levied on any profits or gains arising from the sale, exchange or transfer of immovable property effected after the thirtieth day of June, , within— (a) urban are specified by Government under section 3 of the West Pakistan Urban Immovable Property Tax Act, ; and. (i) “Prescribed” means prescribed by rules made under this Act; (ii) “Rating Area” means urban area where Tax is levied under the provisions of this Act; 1 Substituted for West Pakistan by Khyber Pakhtunkhwa Ordinance, IV of 2 Clause (dd) inst. by the W.P. Urban Immovable Property Tax Act (Amendment) Ordinance, XXVIII of West Pakistan Municipal Committees (Buildings and Lands Tax) Rules, WEST PAKISTAN MUNICIPAL COMMITTEES (DEFINITION OF MATERIAL ALTERATIONS OF BUILDING) RULES, West Pakistan Muslim Personal Law (Shariat) Act (Amendment) Ordinance,