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	152,011.26 202.91M	-2.25% -3500.30
ALLSHR	90,933.96 349.11M	-1.93% -1787.62
KSE30	45,975.85 87.34M	-2.50% -1180.47
KMI30	220,290.57 84.33M	-2.27% -5117.55
KMIALLSHR	59,449.18 202.18M	-1.86% -1128.08
BKTi	42,093.29 29.70M	-2.76% -1193.09
OGTi	31,521.03 8.65M	-2.71% -879.26

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,120.00	68,875.00 65,850.00	-2220.00 -3.25%
BRENT CRUDE	108.80	109.74 99.08	7.64 7.55%
RICHARDS BAY COAL MONTHLY	112.50	0.00 0.00	6.40 6.03%
ROTTERDAM COAL MONTHLY	114.25	114.50 114.00	0.85 0.75%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	111.86	113.97 97.50	11.74 11.73%
SUGAR #11 WORLD	15.32	15.50 15.28	0.03 0.20%