Capital gain on disposal of securities---Rate of tax on capital gain---Determination---Under S. 37-A(1) of Income Tax Ordinance, 2001, tax on any capital gain is to be levied at the rates specified in Division VII of Part I of the First Schedule of Income Tax Ordinance, 2001; however, reference to said rates is not necessary---Section 100-B of levied and made payable in terms of S. 37-A of the Ordinance is to be computed and collected.
| Court | Year | Appellant vs Respondent | Sections | Topic |
|---|---|---|---|---|
| Sindh High Court | 2016 | KHALID MANSOOR Vs FEDERAL BOARD OF REVENUE and 3 others |
Income Tax Ordinance (XLIX of 2001) 37A, 37A(2), 100B, First Sched., Part I, Div. VII, Eighth Sched |
Rate of tax on capital gain |