The federal government gave tax exemptions to some people in the Finance Bill passed by the National Assembly on Friday despite admitting that the country was struggling to meet its expenses and the salaried class was bearing the brunt of taxes.
All those government employees, including retired, and armed forces personnel, including retired, have been given tax exemption from a 10 per cent withholding tax on the sale of their properties.
Moreover, martyrs and wounded personnel have also been given tax exemptions.
Journalist Shahbaz Rana said that an amendment was made to Section 236 C of the Finance Act that deals with the transfer of plots by anyone and there are different taxes for filer, late filer and non-filer.
“The expression or a war-wounded person while in service of Pakistan Armed Forces or Federal or Provincial Government or an ex-serviceman and serving personnel of armed forces or ex-employees or serving personnel of Federal and Provincial Government shall be inserted,” he said while reading the amendment.
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Rana explained that the income tax has been ended on the above-mentioned people.
In another show, he said that the government did not impose a capital value tax on the shares traded in the stock market.
