Capital Gains Tax exemption till 2010
June 3, 2008Suttabhai will be back to blogging full time from Monday 9th June.
While May 2008 has proved to be the most disastrous month for the KSE-100 index in recent times, with the market getting gang-banged from 15,122 to 12,130, the news that CGT has been deferred for 2 years along with no change in CVT should give the market a much needed boost 2moro.
The government has agreed to extend exemption of Capital Gain Tax (CGT) on listed shares to further two years to June 30, 2010 from June 30, 2008. This was decided at a meeting of a Karachi Stock Exchange delegation and Finance Minister Naveed Qamar at Islamabad on Tuesday… The government side also agreed that there would be no change in the Capital Value Tax (CVT) as it would continue to remain at the present level… Aaj News
Welcome back sutta bhai!
where have u been we missed u alot.
Regrds,
Comment by UBED — June 4, 2008 @ 3:21 am
Thank you kindly ! Suttabhai has been in the Turks and Caicos Islands.
Comment by karachistockmarket — June 4, 2008 @ 5:09 pm