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NCCPL directs stock brokers to pay capital gain tax.

National Clearing Company of Pakistan Limited (NCCPL) has directed stock brokers to pay Capital Gain Tax (CGT) for the month of October by November 29, 2018, said a statement on Tuesday.

The aggregate amount of CGT arising on disposal of shares at Pakistan Stock Exchange, for the period October 01, 2018 to October 31, 2018, will be collected on Thursday, November 29, 2018 through respective settling banks of the clearing members, along with refund or adjustments on the basis of amount collected up to previous month, the NCCPL said.

All clearing members are hereby requested to ensure requisite amount in their respective settling bank's account. Necessary details and reports for the period have already been made available in the CGT system.

Further, the aggregate amount of CGT arising on trading of future commodity contracts at Pakistan Mercantile Exchange, for the period September 01, 2018 to October 31, 2018, would also be collected from the Pakistan Mercantile Exchange on Thursday, November 29.

Essential details and reports for the said period have already been made available. Furthermore, determination, computation and collection of CGT on redemption of units of open-end mutual funds have also been finalized for the period July 01, 2018 to September 30, 2018. Necessary details and reports have already been made available in the CGT System.

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Publication:Pakistan Observer (Islamabad, Pakistan)
Date:Nov 21, 2018
Words:252
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