Consultancy

Tax on cash withdrawal and transactions in bank section 231a & 231aa

Posted on by Muhammad Waheed Ensari

Tax on cash withdrawal and transactions in bank section 231a & 231aa

Tax on cash withdrawal and transactions in bank section 231a & 231aa: The Finance Bill has proposed to introduce a major relief measure for non-filers, whereby there were subject to deduction of tax at the rate of 0.6%. By virtue of said amendment there would be no withholding by the banks on cash withdrawal and on banking transactions.

For more information on FBR’s new regulations / circulars/ SROs/ amendments in taxation laws in Pakistan please visit https://www.fbr.gov.pk/

For taxation services please contact us and to read more of our blogs click here.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *