Tax benefits granted to non-filers withdrawn: Asad Umar

By MG News | October 03, 2018 at 04:32 PM GMT+05:00

0:00

October 03, 2018 (MLN): Putting an end to the wave of conjecture regarding ban on non-filers’ purchase of cars and properties, Finance Minister Asad Umar has announced on the floor of National Assembly today, that the privilege given to the non-filers will be withdrawn.

According to Asad Umar, amendments have been made in the mini budget that was presented in the National Assembly last month.

As per these amendments, amongst the non-filers, only overseas Pakistanis will be allowed to buy new cars and properties, whereas in case of inherited properties, the beneficiary, for example a widow or a minor will also be allowed to avail the tax exemption, i.e. properties can be transferred to their name regardless of them being non-filers.

Apart from this, non-filers will be allowed to purchase vehicles with up to 200 CC engine.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	132,728.09 99.11M	-0.51% -675.10
ALLSHR	83,011.02 547.71M	-0.21% -177.03
KSE30	40,401.81 35.45M	-0.61% -249.65
KMI30	191,118.25 39.84M	-0.50% -965.67
KMIALLSHR	55,719.39 280.08M	-0.23% -128.31
BKTi	36,219.73 6.27M	-0.56% -203.15
OGTi	28,284.66 7.31M	-0.54% -152.95

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,210.00	109,545.00 108,625.00	-5.00 -0.00%
BRENT CRUDE	70.11	70.13 69.85	-0.04 -0.06%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.65	106.65 106.25	0.50 0.47%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.28	68.31 67.78	-0.05 -0.07%
SUGAR #11 WORLD	16.15	16.37 16.10	-0.13 -0.80%