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SEQUENCE
Section 37. Capital Gains What is a Capital Asset What is Not a Capital Asset Computation of Capital Gain Value of Asset S.38.Deduction of Capital Loss Computation of Capital Loss
Determination of component B
(4) For the purposes of determining component B of the formula in sub-section (2), no amount shall be included in the cost of a capital asset for any expenditure incurred by a person (a) that is or may be deducted under another provision of this Chapter; or (b) that is referred to in section 21.
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What is a security?
Sec 37A(3) For the purposes of this section security means share of a public company, voucher of Pakistan Telecommunication Corporation, Modaraba Certificate, an instrument of redeemable capital; and derivative products.
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TABLE
PERIOD 1. Where holding period of a security is less than six months. 2. Where holding period of a security is six months or more but less than twelve months.
TAX YEAR 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 -------RATE 10% 10% 12.5% 15% 17.5% 10% 10% 12.5% 15% 17.5% 0%
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