ISLAMABAD, Feb 12: The Central Board of Revenue raised Rs1.087 billion revenues during the seven months (July-January) of the current fiscal year under capital value tax (CVT) and withholding tax on purchase and supply of shares of three stock exchanges.
Official figures released here on Saturday showed the tax authorities had raised Rs345.193 million as capital value tax on purchase of share through stock exchanges during the period under review.
The CBR collected Rs186.256 million under the head of presumptive tax on commission (buy); Rs185.4 million as presumptive tax on commission (sale); Rs175.656 million as withholding tax on sale; and Rs195.352 million as withholding tax on carryover trades during the period under review.
The government had levied a 0.01 per cent CVT on purchase of share through stock exchanges and a 10 per cent withholding tax on share business in the budget 2004-05.
