FBR recommends Profit on Debt Statement for banks

MG News | January 09, 2019 at 04:30 PM GMT+05:00

0:00

January 9, 2019: The Federal Board of Revenue (FBR) has recommended statement for banks to submit information of persons receiving profit on debt exceeding Rs. 500,000 for non-filers and Rs. 1 million for tax filers and tax deductions thereon during the financial year.

According to details, banking officer would be required to submit ‘’profit on debt statement’’ to the FBR including name, CNIC, most recent particulars including address, amount of profit on debt during the year, tax deducted and remakes of the bank.

The FBR has issued the “Profit on Debt Statement” for banks through an SRO.

(APP)

Related News

Name	Price/Vol	%Chg/NChg
KSE100	159,592.91 216.91M	0.31% 496.12
ALLSHR	97,116.33 768.06M	0.46% 445.03
KSE30	48,297.58 106.33M	0.31% 148.84
KMI30	228,607.02 68.07M	0.59% 1329.76
KMIALLSHR	63,247.23 258.39M	0.62% 387.33
BKTi	44,604.42 43.32M	0.63% 277.31
OGTi	30,819.67 8.30M	0.93% 283.08

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	104,160.00	104,220.00 99,425.00	2950.00 2.91%
BRENT CRUDE	63.70	64.39 63.23	0.32 0.50%
RICHARDS BAY COAL MONTHLY	87.25	0.00 0.00	0.10 0.11%
ROTTERDAM COAL MONTHLY	96.75	96.75 96.75	-0.20 -0.21%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.84	60.46 59.32	0.41 0.69%
SUGAR #11 WORLD	14.13	14.37 14.07	-0.06 -0.42%