Tax on National Savings Certificates’ profits increased by 100 percent

KARACHI: The government has increased income tax on profits earned by non-filers from the national savings certificates by 100 percent to push up the number of filers of returns. The Central Directorate of National Savings (CDNS) said withholding tax (WHT) rate on profits by non-filers of tax returns investing up… Continue reading

Ministry of Finance extends deadline for registration of Rs40,000 prize bonds till March 31, 2020

KARACHI: Ministry of Finance has extended the deadline for the replacement of bearer prize bonds worth Rs40,000 with registered bonds till March 31, 2020. [the_ad id=”32940″]As per the decision of Economic Coordination Committee (ECC), the Rs40,000 prize bond can be changed with registered instruments from the designated branches of State… Continue reading