Tax on Capital Gains on disposal of Securities
January 9, 2024
Comments Off on Tax on Capital Gains on disposal of Securities By admin
Rate of Tax on Capital Gains on disposal of Securities
| S# | Description | Rate | ||||||
| 1 | Where the holding period does not exceed one year | 15% | ||||||
| 2 | Where the holding period exceeds one year but does not exceed two years | 12.5% | ||||||
| 3 | Where the holding period exceeds two years but does not exceed three years | 10% | ||||||
| 4 | Where the holding period exceeds three years but does not exceed four years | 7.5% | ||||||
| 5 | Where the holding period exceeds four years but does not exceed five years | 5% | ||||||
| 6 | Where the holding period exceeds five years but does not exceed six years | 2.5% | ||||||
| 7 | Where the holding period exceeds six years | 0% | ||||||
| 8 | Future Commodity contracts entered into by members of Pakistan Mercantile Exchange | 5% | ||||||
Provided further that a mutual fund or a collective investment scheme or a REIT scheme shall deduct Capital Gains Tax at the rates as specified below, on redemption of securities as prescribed namely:—
Provided further that in case of a stock fund if dividend receipts of the fund are less than capital gains, the rate of tax deduction shall be 12.5%: Provided further that no capital gains tax shall be deducted, ifthe holding period of the security is more than six years. |
||||||||
Categories
- accounting (1)
- company registration (7)
- Taxation (24)
- Uncategorized (20)