Tax Consultancy, Taxation

Enabling NCCPL to collect supper tax under section 4C on Capital Gains on Securities

Posted on by Muhammad Waheed Ensari
01
Jul

Enabling NCCPL to collect supper tax under section 4C on Capital Gains on Securities

Enabling NCCPL to collect supper tax under section 4C on Capital Gains on Securities: Finance Act 2023 to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2023, and to amend certain laws WHEREAS, it is expedient to make provisions to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2023, and to amend certain laws for the purposes hereinafter appearing;

Amendments have been made in section 4C, 100B and the Eighth Schedule to the effect that in addition to capital gains tax, NCCPL shall also compute and collect tax under section 4C at the rates specified in Division IIB of Part I of the First Schedule on the amount of capital gains computed under Eighth Schedule in the manner specified in the said Schedule and rules made thereunder.

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Muhammad Waheed Ensari

Founder & CEO, BeSpoke Consulting and Training with 20+ Years of Professional Experience (International and National) in the field of Business Development, Taxation, Accounting, Finance & Auditing with good understanding of financial management system. Strong exposure in the field of general accounting, G/L maintenance, financial reporting and Internal control procedures. Expert in handling people of diverse nationalities, and renowned for being an excellent team player with a positive “can do” attitude. Energetic & self-motivated with a high degree of cultural sensitivity.

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