Karachi March 31 2022: The aggregate amount of CGT arising on disposal of shares at Pakistan Stock Exchange for the period February 1, 2022 to February 28, 2022, would be collected on Friday April 8, 2022 through respective settling banks of the Clearing Members.
The carry forward loss for the tax year 2021 is also adjusted from capital gains of the current tax year based on the Active Taxpayers List received from Federal Board of Revenue.
All Clearing Members are hereby requested to ensure requisite amount in their respective settling bank’s account. Necessary details and reports for the said 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 February 1, 2022 to February 28, 2022, would also be collected from the Pakistan Mercantile Exchange on Friday April 8, 2022. Necessary details and reports for the said period have already been made available.
Moreover, the aggregate amount of CGT arising on redemption of units of open end mutual funds have also been finalized for the period January 1, 2022 to February 28, 2022. Necessary details and reports have already been made available in the CGT System.
Clearing Members and Pakistan Mercantile Exchange are hereby requested to verify the investor wise details of capital gain or loss and tax thereon, if any, through reports/downloads. Please note that, in case of none or partial collection of CGT, necessary action would be taken in accordance with the Rules and NCCPL Regulations.
