No withholding tax levied on Motorcycle and Auto Riksha: FBR

MG News | July 26, 2019 at 10:04 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 26, 2019 (MLN): Federal Board of Revenue (FBR) has clarified that no change or increase in tax has been levied on motor vehicles under section 231B and 234 of Income Tax Ordinance-2001.

According to the press release, the news circulating about imposition of tax on Motorcycle and Auto Riksha by FBR is baseless and false.

FBR strongly refutes this baseless news. Further, there is no suggestion under consideration to levy tax on Motorcycle and Auto Riksha.

The tax is levied only on cars as per Income Tax Ordinance-2001. The Government is working to provide facilities to the less income segment of the society.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,802.79 267.06M	-1.30% -2320.78
ALLSHR	106,568.29 617.78M	-1.25% -1352.24
KSE30	52,497.68 83.82M	-1.25% -665.92
KMI30	247,323.37 106.69M	-1.37% -3422.76
KMIALLSHR	68,315.26 363.70M	-1.37% -952.13
BKTi	49,936.11 23.35M	-1.18% -594.28
OGTi	34,758.02 9.23M	-1.71% -605.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,110.00	64,255.00 63,980.00	-160.00 -0.25%
BRENT CRUDE	88.26	88.38 83.71	4.03 4.78%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.65 -0.61%
ROTTERDAM COAL MONTHLY	119.80	120.30 119.80	0.00 0.00%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	81.77	82.07 77.93	3.49 4.46%
SUGAR #11 WORLD	14.82	14.94 14.39	0.38 2.63%